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Re: clay tr post# 1051

Thursday, 09/22/2011 10:12:58 AM

Thursday, September 22, 2011 10:12:58 AM

Post# of 137731

Item 1.01 Entry into a Material Agreement.

On July 25, 2011 the Company entered into an Acquisition Agreement with Élan Energy & Water, Inc., Inc. to acquire two commercial and residential HVAC companies based in the Central Florida area. The two companies, the identities of which are not being disclosed until the closing has occurred for confidentiality reasons, have been in operation for many years and reported in excess of $1.8 million in total collective gross revenues for the year ended December 31, 2010. Each operating company will be added as a subsidiary of Élan Energy, Inc. which AEGY formed in September, 2010 as an integrator to oversee and manage a planned series of similar acquisitions across the country. The planned acquisitions will be completed on the basis of a share exchange, with AEGY issuing 100,000 shares of Series A Convertible Preferred Stock to Élan Energy & Water, Inc. in return for 100 percent ownership of the two operating companies. Closing of the acquisitions will be on or before August 31, 2011 under the terms of the Acquisition Agreement, a copy of which is being filed with this Current Report a Exhibit 2.




I am waiting for some announcement related to final closing of this and announcements of similar acquisitions of already profitable companies...if we maintain a share structure close to what we have now, any revenues and profits should warrant a much higher PPS valuation...this company can go places with strategic management decisions from here forward...the way they handle their debt and equity will be pivotal to how it ends up for us shareholders...as for the chart, we have hung around this 0.02 range for quite a while on little/no news with people slowly accumulating...a bottom with significant pending news = worth a few $ IMO...we shall see...expect something soon wink