Sustainable Power Corp (fka SSTP)

[lovin-karma]

The actual press release was sent NOT as a draft, it was released as all of them were, Oppenheimer just threw a hissy fit when they read it because no deal had been finalized:

The press release that was sent out originally:


U.S. Sustainable Energy Corp. Engages Oppenheimer & Co. Inc. as Investment Banker

Oppenheimer to Act as Placement Agent for $50 Million Dollar Bond Financing for Natchez Biomass / Electric Generation Facility Development

NATCHEZ, MS -- 11/16/06 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) (USSEC or the 'Company') is pleased to announce they have retained Oppenheimer & Co. Inc. as investment banker for $50 million dollar Bond Financing for development of the Company’s Biomass and Electric Generation Facility located in Natchez, Mississippi.

USSEC has engaged Oppenheimer to act as placement agent for a $50 million dollar Tax-Exempt/Taxable Exempt Facility GO Zone Revenue Bond financing. Oppenheimer will retain exclusive rights for an initial period of 120 days on a best effort basis to close not less than 100% of the principal amount of the bonds. Thereafter, Oppenheimer may continue on a non-exclusive basis.

Oppenheimer will advise the Company concerning the elements of the structure, terms and condition of the Bonds; assist in the preparation of any credit enhancement presentations and Bond offering materials; facilitate communication between the Company and any potential Bond purchaser(s), including the planning, arranging and conduct of presentations and due diligence; receive and respond to inquiries from potential Bond purchaser(s); direct the preparation of any rating agency presentation which may be a part of the sale of the Bonds; advise the Company in connection with the negotiations relating to the Bonds to be offered; and take such incidental or related actions on behalf of the Company as Oppenheimer may deem appropriate or the Company may reasonably request.

“We have been working closely with Oppenheimer to finalize their engagement and we are thrilled to finally announce their engagement as our exclusive investment bankers,” said John Rivera, CEO of USSEC. “Their engagement will allow us to move forward with our development of the Natchez Facility with greater pace, which should bring revenue and earnings for the company much more expeditiously.”