SOURCE: Hellenic Solutions Corporation

September 22, 2010 10:31 ET

Hellenic Solutions Corporation Announces Two New Projects Totaling EUR 4.15 Million

Agricultural Backlog, Pipeline and Projects in Process Now Total Over EUR 305 Million

ATHENS, GREECE--(Marketwire - September 22, 2010) - Hellenic Solutions Corporation (OTCBB: AEGZF) ("Hellenic" or "the Company"), a leading advisory, engineering and construction firm that specializes in the design, construction and equipping of commercial, agricultural and industrial facilities in Greece, today announced two new projects, Viocot Poultry and Zouras Poultry, totaling EUR 4.15 million.

Viocot Poultry is a vertically integrated Poultry facility which includes slaughter house and processing of by-products. The project was recently approved by the Ministry of Agriculture for a project totaling approximately EUR 2.15 million. Hellenic Solutions has been engaged to facilitate the modernization expansion of the facility including the upgrade for rendering of the Viocot Poultry facility. Rendering is a management process that converts waste animal tissue into stable, value-added and more useful materials. The second facility, Zouras Poultry, was also approved by the Ministry of Agriculture for a new project valued at approximately EUR 2 million. Zouras is a vertically integrated hatchery unit where Hellenic Solutions will install custom made egg hatching machinery. Engineering and construction of both projects are scheduled to begin during the fourth quarter of 2010 and will take approximately 8 to 10 months to complete.

Stavros Mesazos, Chief Operating Officer and Executive Chairman of Hellenic, commented, "As the leading company currently offering turnkey advisory services, construction, operational solutions and financing, we continue to see very strong demand for our expertise and services within the agricultural and renewable energy sectors. We expect to experience strong continued growth in both sectors due to several key economic initiatives including the EUR 6.3 billion allocated to the agricultural industry through the European Union Community Support Framework IV. Additionally, future growth in the renewable sector is extremely promising, driven by the Kyoto Protocol where thirty seven industrial nations are committed to the reduction of greenhouse gas and fight against global warming and have agreed to meet their standards by 2020. We have created an unmatched reputation due to our professionalism and workmanship in our sector and are proud that over 70% of all our current customers are repeat customers such as Viocot Poultry. Today, our agricultural and renewable energy backlog, pipeline and projects in process now total over EUR 305 and EUR 89 million respectively."

About Hellenic Solutions Corporation
Hellenic Solutions Corporation, founded in 1979, is a leading engineering and construction firm that specializes in the design, construction, and equipping of commercial, agricultural, and industrial facilities in Greece. Hellenic specializes in the preparation of economic studies for the establishment and installation of new industrial units as well as the modernization and improvements to existing units. Hellenic believes it is one of the only companies in Greece offering a turnkey construction, operational solution and financing to the primary and processing segments of the agricultural industry.

Safe Harbor Statement
Certain statements in this news release are forward-looking, including (without limitation) regarding growing revenues and net income , expected results from current projects attracting new business and various Greek and other European governmental agencies willingness and ability to provide funding for businesses to hire the Company to design and build facilities. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of Hellenic Solutions, its selling and marketing functions, continued customer satisfaction, contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those and other risk factors and cautionary statements that could affect future results, performance or trends is discussed in the Company's Current Report on Form 8-K filed with the SEC on February 17, 2010. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.

Contact Information

  • Contact:
    HC International, Inc.
    Alan Sheinwald
    (914) 669-0222
    Email Contact