SOURCE: Green Energy Live

Green Energy Live

December 02, 2009 02:00 ET

Green Energy Live Pursuing Acquisitions to Drive Growth, Revenue & Sales Channels for Sustainable Biomass-to-Energy Technology

GRAND RAPIDS, MI--(Marketwire - December 2, 2009) - Green Energy Live Inc. (OTCBB: GELV) is building a strong foundation for growth by pursuing acquisitions of profitable niche businesses with consistent revenue, established distribution channels, existing customers, industry expertise and experienced management. The company completed one acquisition in July 2009, has a second acquisition under consideration, and is targeting additional companies utilizing a proprietary prospecting system. Green Energy Live is a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry.

Green Energy Live leverages a proprietary prospecting system to identify and acquire companies with the ability to support technology development and augment corporate growth. The company targets businesses in the range of $5 million to $25 million in annual revenue with complementary technology or industry applications, strong and consistent revenue, profitable operations, existing sales channels and customers, and proven management teams contracted to stay on after acquisition. The company focuses on businesses that are profitable on their own but could benefit significantly from Green Energy Live's access to financial markets, operational efficiencies and expanded market opportunities.

Green Energy Live's first acquisition was completed in July 2009. Wholly owned Comanche Livestock Exchange is a profitable Texas-based provider of live animal auction and hauling services. Comanche provides stable, growing revenue and net income, an existing sales channel and strong management. The company has been serving the beef and dairy industry for 60 years and has an extensive network of potential customers and industry contacts for Green Energy Live.

Green Energy Live has signed a Letter of Intent for a second acquisition. Peck Electric, Inc. is a fully licensed electrical systems provider with substantial revenue, energy technology expertise and a 37-year operating history. The acquisition would provide Green Energy Live with a sustainable base of operating revenue as well as geographical diversification and access to an expanded customer base. Peck also has access to proprietary technology specifically applicable to bio waste conversion and electricity generation. Green Energy Live is auditing financials and negotiating terms and will focus on the acquisition in the first quarter of 2010.

Karen Clark, President/CEO of Green Energy Live, commented: "Our acquisition strategy is working to build significant, sustained growth for Green Energy Live and our shareholders. The acquisition of Comanche is proof-positive of our ability to identify and acquire businesses that support technology development and increase our ability to deliver solutions to market. We intend to continue adding revenue, industry expertise and distribution channels through additional acquisitions that create optimal synergy for our clean energy technology business."

About Green Energy Live (OTCBB: GELV)

Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company is utilizing proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable America's 1.2 million livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live has acquired a profitable livestock services company to drive growth, revenue and value for shareholders.

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect GELV's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause GELV's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. GELV undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.

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