EQM Technologies & Energy, Inc. (EQTE)

[TraderTrisha]

EQM Technologies & Energy, Inc. (OTCQB: EQTE) (“EQM”), a leading provider of environmental services to government and commercial businesses, today announced that it has acquired all of the capital stock of Vertterre Corp., a mechanical and electrical engineering services firm providing energy efficient solutions for both new and existing government and commercial facilities (“Vertterre”), for approximately $1.5 million, consisting of $822,300 in cash, 1.0 million shares of EQM common stock valued at $0.40 per share, or $400,000 in total, and an unsecured subordinated note of EQM in the principal amount of $250,000. The seller may receive additional consideration based on a percentage of EQM’s profits generated by certain landfill gas activities of Vertterre. EQM obtained the consent of its credit facility provider to the transaction.

http://www.businesswire.com/news/home/20121227005560/en/EQM-Technologies-Energy-Announces-Acquisition-Vertterre-Corp