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Saturday, February 04, 2012 10:06:26 AM
Shaka Shoes (Pinksheets: SHKZ ) announced today that Energy Edge Technologies Corp. (OTCBB: EEDG.ob) has chosen to renew its agreement with Belvedere Global Strategies (BGS). BGS has been a strategic advisor to EEDG for the past 24 months. As previously announced BGS will be merging with Shaka Shoes.
James Scott, CEO of BGS, stated, “I am extremely pleased to continue working with Energy Edge Technologies. Being a part of the team that assisted EEDG in reaching its goal, of becoming a publicly traded company, has been a tremendous experience”.
“It is an exciting time for Belvedere as well. Since Belvedere owns a significant equity position in Energy Edge those assets will be merged into Shaka, once our merger is complete. This agreement will increase Belvedere’s equity position with EEDG & we expect that to eventually be accretive to the Shaka shareholders. I'm looking forward to helping EEDG with their expansion strategies. In the current economic environment, companies and government agencies are faced with the challenge of spending less on energy; EEDG helps them meet that challenge. With Belvedere’s extensive Government relationships we will assist EEDG in expanding its business by helping them land Federal, State, & Local Governments contracts. Since our agreement is based on a percentage value of the contracts we help EEDG acquire we feel it will be quite lucrative to Belvedere & then eventually the Shaka Shareholders”
Wondering if this ever happened if so then even more indication that this is very undervalued.
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