Trend Technology and Americas Energy Company Complete $600,000 of $1,000,000 Financing
10:17a ET September 24, 2009 (Market Wire)
Trend Technology Corporation (OTCBB: TRET) and Americas Energy Company (AECo) announced today they have completed $600,000 of an agreed-to $1,000,000 financing. The $1,000,000 financing is part of the Definitive Agreement between the two companies entered into on August 26, 2009. AECo has already received $600,000 of the agreed $1,000,000 financing, with the balance to be paid upon the completion of the business combination.
"With this funding we have acquired three quality energy assets that include coal, oil and natural gas in Kentucky and Tennessee. We have begun production on this first oil well and will use this financing to aggressively move forward with our business and develop and exploit our recently acquired rights to the 1,700 acres surrounding this well. In addition to our 9,800,000 tons of high grade steam coal in Bell County, Kentucky we will initiate our core sample drilling for our exploration permit on 4,571,000 tons of proven metallurgical grade coal in Bledsoe County, Tennessee."
About Americas Energy Company
We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Eastern Kentucky.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Trend Technology Corporation common stock and the ability to obtain the necessary financing.
Company Headquarters Contact: Christopher Headrick 249 N. Peters Rd. Suite 300 Knoxville, TN 37923 Phone: (865) 238-0668 Web Site: www.americasenergycompany.com Email: Email Contact
SOURCE: Americas Energy Company
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