EQM Technologies & Energy, Inc. (EQTE)

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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.

Vertterre is recognized as an industry leader in Energy Reduction and Biomass-to-Energy Solutions and has completed a number of large and complex projects in the Southwestern United States including design, development and implementation of electrical and thermal energy systems based on bio-derived waste, landfill gas, municipal solid waste, biomass and steam. Vertterre’s clients come from both the public and private sectors, and include Los Alamos National Laboratories, Frito Lay, the U.S. Postal Service, Siemens Building Systems, the U.S. National Park Service, and the U.S. Army Corps of Engineers. Vertterre is based in Albuquerque, NM with additional offices in Louisville, TX and Bloomfield, NM.