SOURCE: Blue Earth, Inc.

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November 05, 2015 13:28 ET

Blue Earth Announces Class Action Lawsuit Dismissed

HENDERSON, NV--(Marketwired - November 05, 2015) - Blue Earth, Inc. (NASDAQ: BBLU) an alternative/renewable power generation solutions company, announced today that the United States District Court for the Central District of California issued an order granting the Company's motion to dismiss the class action lawsuit, captioned In re Blue Earth, Inc. Securities Class Action Litigation, filed against the Company and three of its officers in October 2014. The court granted plaintiff leave to amend the complaint, but the court expressed doubt about whether the plaintiff would be able to cure the defects in the complaint. If the plaintiff chooses to amend the complaint, he must do so by November 30, 2015. If an amendment is filed by the plaintiff, the Company expects to file another motion to dismiss.

About BBLU

BBLU is engaged in the clean technology industry with a primary focus in alternative/renewable power generation sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and materially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. Words such as "believes, "projects "anticipates," "plans," "expects," "may," "will," "should," "intends," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the company's current beliefs and expectations, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy, liquidity, and any pending litigation. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Ks, Form 10-Qs, Form 8-Ks, Proxy Statements and other filings. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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