SOURCE: Bluesphere Corp

June 16, 2015 08:00 ET

Blue Sphere Corp Announces Engagement of Maxim Group LLC to Provide Strategic Advisory Services

CHARLOTTE, NC--(Marketwired - Jun 16, 2015) - Blue Sphere Corp (OTCQB: BLSP) (the "Company" or "Blue Sphere"), a clean energy company that develops, manages and owns waste-to-energy projects, today announced that it has retained Maxim Group LLC, a leading investment banking, securities and investment management firm, to provide strategic corporate planning and investment banking services. Maxim will focus on assisting Blue Sphere in its strategies for maximizing shareholder value through its full scope of investment banking services.

"As Blue Sphere enters its next phase of growth, it is pleased to be working with Maxim as its strategic advisor," said Blue Sphere's Chief Executive Officer, Shlomi Palas. "We believe that our relationship with Maxim will expedite our strategic plans and goals of the Company. The Blue Shpere team looks forward to working closely with Maxim."

Karl Brenza, Head of Maxim Group's Capital Growth Advisory Team, commentated, "We are delighted to partner with Blue Sphere in the financial and value creation components of its corporate strategy through our full-service investment banking capabilities. We are looking forward to working with Blue Sphere to assist with strategic planning, developing strategic partnerships, advising on potential acquisitions and introducing the company to the investment community."

About Maxim Group LLC

Maxim Group LLC is a leading full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed income and derivative sales & trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA), Securities Insurance Protection Corporation (SIPC), NASDAQ Stock Market and NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.

About Blue Sphere Corporation

Blue Sphere Corporation is a company in the cleantech sector as a waste-to-energy project integrator. Blue Sphere develops waste-to-energy and other renewable energy projects. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets. For further information please visit the Company's website www.bluespherecorporate.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding the Company's ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of the Company's projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which the Company operates, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of the Company's business, (vii) its lack of operating history and (viii) the financial, technological, and regulatory uncertainties relating to developing, constructing and completing to operational status, a biogas generation facility such as the Project. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.

The Company assumes no obligation to update the information in this release.

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