HLT Energies 2006 inc.
TSX VENTURE : HES

HLT Energies 2006 inc.

December 04, 2006 18:24 ET

HLT-News Capsule

MONTREAL, QUEBEC--(CCNMatthews - Dec. 4, 2006) - HLT Energies 2006 Inc (TSX VENTURE:HES) ("HLT"), a leader in the production and the sale of thermal energy, proudly announces progress in several of its ongoing projects.

Private placement

HLT announced today the closing of a private placement of 600,000$ by issuing 2,000,000 units consisting of one share at 0.30$ each and one warrant exercisable at a price of 0.30$ within the 24 months following today's closing. This private placement is entirely subscribed by a person related to management and a corporation. This placement is subject to approval by the TSX-Venture Exchange.

Gerald Desourdy, president and chief operating officer said; "this placement is a demonstration of confidence in HLT.The net proceeds of this private placement will be used for working capital requirement and for accelerating market penetration in Quebec and Ontario.".

Installation of solar thermal power plants

HLT has successfully completed in August the construction and start up of its first state of the art thermal power plant (42 collectors) at one of the multi residential premises of the Montreal Municipal Housing Agency ("OMHM"). The remaining installation of 288 collectors with respect to the same Agreement with OMHM, for a total of 338 solar thermal collectors, will be carried out during the next quarter ending December 31, 2006 and during the summer of 2007.

We are also currently preparing plans and specifications as well as in the process of obtaining the necessary construction permits for multi unit's buildings which will generate recurring annual revenues in the vicinity of $150,000. The installation of these solar thermal power plants will be carried out during 2007.

Commercialization

Following today's placement, HLT announces the hiring of 5 salespersons that will deploy their efforts in Quebec and Ontario. The strengthening of the sales team will allow HLT to increase its share in the solar thermal industry.

Andrew van Doorn, chairman of CANSIA's Board of Directors

HLT announces that Mr. Andrew van Doorn, vice president engineering, has been appointed chairman of the Board of Directors of CANSIA.

The Canadian Solar Industries Association is a national organization supported by industry members, the public and government agencies. For more than 25 years, CANSIA members from all segments of the solar industry have joined together to support, promote and advance all forms of solar energy for the benefit of Canadians and the environment.

Gerald Desourdy, president and chief operating officer said; "HLT is proud of Andrew's leadership role in harnessing clean sustainable power. This important nomination is also recognition of the contribution of HLT to the Canadian solar industry".

About HLT

HLT is a leader in the production and the sale of thermal energy at lower cost than conventional sources such as electricity and natural gas to the multi residential, commercial, industrial and institutional customers. HLT operates, maintains and remains owner of its thermal plants installed at the customer's premises, thus avoiding capital cost for them.

Forward-looking Statements

Certain statements made in this press release and other statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives other than statements of historical facts are forward-looking statements. We cannot guarantee that we actually will achieve the results, plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on therein. The information in this press release, including any forward-looking statements, is provided as of the date of this news release and should not be relied upon as representing our estimates as of any subsequent date. We do not assume any obligation to update or revise any forward looking statements except as required by law, whether as a result of new information, future events or otherwise.

For added information on the activities of the company, you may visit the company's Website at www.hltenergies.com

Outstanding shares: 25 014 573

The TSX Venture Exchange is free of any responsibility concerning the relevance or exactitude of this press release.

Contact Information

  • HLT Energies 2006 Inc
    Gerald Desourdy
    President and CEO
    514-868-1111 Ext.222
    or
    HLT Energies 2006 Inc
    Andre Audet
    Chairman of the board
    514-284-1004
    www.hltenergies.com
    or
    Paradox public relation Inc.
    Eric Leboeuf
    514-341-0408