A fyi for those interested. This stock from what I am hearing could go much higher. Hope all are doing great and a merry Christmas to each.
Post # of 898
ENYC ABCO ANNOUNCES COMMENCEMENT OF TRADING ON OTC MARKETS AND UPDATING OF INFORMATION RE ITS ACQUISITION BY ENYC.
TUCSON, Ariz., December 12, 2012 – ABCO Energy Inc. (“ABCO”) , current symbol of ENYC, began trading again on the OTC Markets under the ENYC symbol. Energy Conservation Technologies, Inc. acquired 100 % of the common shares of ABCO Energy, Inc. on July 15, 2011. ABCO is an Arizona licensed contractor for sales and installation of solar photovoltaic systems. ABCO has offices in Tucson, Phoenix and Flagstaff, Arizona and has plans to expand nationwide in the next few years. ABCO also markets and installs LED lighting and energy conservation lighting systems in their market.
As a result of the acquisition, the shares of the ENYC, the prior parent corporation, outstanding at July 15, 2011, were restated in a one for twenty three (1 for 23) reverse division and new shares will be issued to the shareholders of ABCO for approximately 91% of the resulting ABCO shares holdings outstanding. This acquisition resulted in a complete change of control, a full resignation of all prior Directors and the election of a new Board of Directors on the effective as of July 15, 2011.
ENYC will retain its trading symbol until FINRA approves a new symbol. ABCO expects to increase its activities in mergers and acquisitions of alternative energy companies. All operations were transferred to Tucson, Arizona and its products will be marketed by ABCO in a customer supplier relationship.
ABCO continues its primary business of contracting for solar installations for commercial, residential, government and non-profit organization throughout Arizona and in expansion areas in the future. ABCO is also seeking other candidates for acquisition.
Safe Harbor Statement
Note: Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ENYC undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
CONTACT:
ABCO Energy, Inc.
Charles O'Dowd, President
(520)777-0511
1000 East Fort Lowell Road
Tucson AZ 85719
Info@abcosolar.com
www.abcosolar.com
