SOURCE: Energiz Renewable Inc.

Energiz Renewable Inc.

November 18, 2014 08:30 ET

ERIP Gets Letter of Interest for $61.4 Million Financing of Helios Power Asset Purchase

KEYPORT, NJ--(Marketwired - Nov 18, 2014) -  Energiz Renewable Inc. (OTC PINK: ERIP) today announced that it received a Letter of Interest (LOI) from National Standard Finance LLC, http://www.nationalstandardfinance.com/ to finance an asset purchase agreement from Helios Power valued at $61.4 US million (EUR 48 million Euro). The financing will purchase six operational, turnkey projects currently connected to the grid producing a total of 17.842 MWp annually. ERIP's plan to acquire the assets from Helios Power was announced on October 21 of this year. John H. McCulloch, senior vice president, National Standard Finance, stated that upon completion of this deal NSF is looking forward to potentially financing additional sites that ERIP is evaluating in the region.

David Brown, Chairman of ERIP, stated that he is very pleased to report to the shareholders "that the acquisition of Helios is underway with a projected operating profit that may net over a million Euros next year."

About Energiz Renewable Inc.
ERIP's http://www.energizrenewable.com/ objective is to become the leading global renewable energy company. ERIP will achieve this vision with a strategic plan that controls solar energy creation and selling process end-to-end in key markets. By managing and controlling costs in all aspects of the chain, from the manufacturing of photovoltaic panels through selling the electricity to the grid, ERI will have positive cash flow within a reasonable timeframe. This model will lend itself to expand horizontally into other renewable energy technologies.

Shareholders and interested investors who would like to be added to Energiz Renewable, Inc. corporate e-mail list are encouraged to send an e-mail to info@energizrenewable.com for all future corporate press releases and industry updates.

SAFE HARBOR STATEMENT
Certain statements made in this news release are forward-looking in nature and, accordingly, are subject to risks and uncertainties. These forward-looking statements are only predictions based on our current expectations and projections about future events. Important factors could cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

Contact Information

  • Corporate Contact:
    David Brown
    Chairman
    Email: Email Contact
    Skype: DavidSettler

    Edward T. Whelan
    President
    Email: Email Contact
    Skype: EdTWhelan