That's Sawweeettt! WPNV is about to Breakout!!
ACQ News about to hit! They just aquired a company which did 6 million in sales and this year they will increase this level. Check it out! Closing on the deal will occure soon.
WindPower Innovations to Acquire RIG Construction
Windpower to Also Acquire the Brand Names of the Following Sustainable Companies; Cameo Pools, Cameo Landscaping, & Cameo Solar
QUEEN CREEK, AZ--(Marketwire - Mar 27, 2013) - WindPower Innovations, Inc. (PINKSHEETS: WPNV) announced today it has executed definitive agreements to acquire RIG Construction, Inc. in an all stock transaction.
The terms of the acquisition are a share exchange whereby The Company will issue 10 million of its newly issued common shares in exchange for all of the issued and outstanding shares of RIG Construction, Inc. Closing is anticipated to occur in less than 30 days as all of the due diligence the Company required has already been completed. RIG Construction, Inc which operates two subsidiaries posted unaudited results of over $ 6 million in revenue in 2012 and so far in 2013 is exceeding those numbers by 30%
John Myers, CEO of WindPower Innovations, commented, "We are very pleased that RIG Construction has agreed to become part of our Company. This is consistent with and our first step towards our vision of becoming a sustainable technology holding company focused on enhancing value for all of our shareholders."
Larry Duffy, CEO of RIG Construction, said, "The last few years since the financial crises have been challenging for everyone in our industry, but growth is coming back in our primary market for those of us that persevered." He continued, "We are therefore ever excited to become part of WindPower so that we can focus more on the 'sustainable' aspects of our business and utilize the public markets for the growth capital we will need."
Steven Vollero, President and Chief Operating Officer of RIG Construction, commented, "Our experience in construction and especially concrete will greatly benefit WindPower's other subsidiary, WindPower Solutions, that currently only refurbishes wind turbines. We will be able to supply the footings and pads so that they can even sell brand new wind turbines."
As a result of this acquisition and the ones WindPower hopes to make in the future, WindPower will be making significant changes to its branding and online presence in the immediate near term future.
Belmont Acquisitions, LLC Advised on this transaction.
WindPower Announced That It Has Retained the Investor Relations Firm TEN Associates
QUEEN CREEK, AZ, Apr 02, 2013 (Marketwired via COMTEX) -- WindPower Innovations, Inc. (PINKSHEETS: WPNV) announced today it has retained the services of Tom Nelson of TEN Associates, LLC as its Investor Relations representatives.
TEN Associates will be responsible for all communications with and to the public in regards to WindPower Innovations, Inc. This will include press releases, attendance at industry and financial conferences, introductions to institutional investors, industry publications and more.
John Myers, CEO of WindPower Innovations, commented, "Mr. Nelson and his team brings to our Company the experience and relationships we need to get our message out to the investment community and the public at large, all with the intent of enhancing value to our shareholders."
Tom Nelson, Managing Director of TEN Associates stated, "We became very interested in WindPower's story with their latest acquisition of RIG Construction. With its projected earnings and revenue growth, we should be able to obtain substantial interest in this company. Mr. Myers and his team are squarely focused on transparency and shareholder value and that is what we look for in our clients."
WindPower expects to be able to lift all contingencies to closing and to be able to complete the acquisition of RIG Construction in the weeks ahead.
WPNV Security Details
Share Structure
Market Value1 $1,227,846 a/o Apr 12, 2013
Shares Outstanding 61,392,284 a/o Dec 31, 2012
Float 28,468,823 a/o Sep 30, 2012
Authorized Shares 200,000,000 a/o Dec 31, 2012
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