Blue Earth to Grant Special One-Time Dividend, an 'A Warrant', to Its December 31st, 2010 Shareholders of Record
November 17th Shareholder Conference Call Available at www.blueearthinc.com
Nov. 29, 2010 (PR Newswire) --
HENDERSON, Nev., Nov. 29, 2010 /PRNewswire-FirstCall/ -- Blue Earth, Inc. (OTC Bulletin Board: BBLU), announced today it will grant a special one-time dividend to its December 31, 2010 shareholders of record. This special dividend will be one A Warrant for every two shares held on December 31, 2010 and is exercisable at $3 per share for a three year term.
Additionally, for those shareholders eligible for A Warrants, for every A Warrant exercised, they will then receive a share of Common Stock and a special B Warrant, which has an exercise price of $6 per share for a new three year term. For every B Warrant exercised, they will receive a share of Common Stock and a C Warrant, with an exercise price of $12 per share for a new three year term.
On Wednesday, November 17, 2010, Blue Earth, Inc. held a shareholder conference call that can be heard on its website at www.blueearthinc.com. CEO Dr. Johnny R. Thomas discussed in detail the reasoning behind the recent changes that have occurred as well as the conclusions that led the Company to expand its business strategy.
"Our immediate focus in the energy efficiency 'retrofit' sector is the result of extensive analysis. We thank those who attended our conference call and encourage everyone to follow the Company for future announcements," said Dr. Thomas.
About BBLU
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and water and wastewater sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.
Investor Relations Contact:
Blue Earth, Inc.
John C. Francis
VP, Corporate Development & Investor Relations
(702) 630-2345
jfrancis@blueearthinc.com
Liviakis Financial Communications, Inc.
John Liviakis
(415)-389-4670
John@Liviakis.com
www.liviakis.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
SOURCE Blue Earth, Inc.
Source: PR Newswire (November 29, 2010 - 8:30 AM EST)
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