SOURCE: ML Capital Group Inc.

December 16, 2013 09:00 ET

ML Capital Group, Inc. Provides Progress Update on Renewable Energy and Power, Inc.

FOUNTAIN HILLS, AZ--(Marketwired - Dec 16, 2013) - ML Capital Group, Inc. (OTCQB: MLCG) (OTCBB: MLCG) is pleased to provide this progress update report on its client, Renewable Energy and Power, Inc., which retained ML Capital Group, Inc. ("MLCG" or the "Company") in October of this year.

Renewable Energy and Power, Inc. ("REPI"), currently a privately held corporation based in Nevada, is a green energy company that provides alternative energy solutions that reduce or replace the use of fossil fuels by deploying the latest technology in solar and wind power electric generation and LED lightning. REPI has been working with ML Capital Group in preparation of becoming a public company whereby REPI is targeting to become a publicly traded the OTC Bulletin Board and OTC Markets (QB Marketplace). ML Capital is assisting REPI by coordinating the various financial reporting efforts with its auditors, providing strategic business planning, and making introductions to market makers to facilitate the 15C-211 filing process, which REPI anticipates filing along with its audited financial statements before the end of the year.

"Renewable Energy and Power hired ML Capital to assist us with the arduous process of becoming a public company, and they've done a great job of keeping us on track, and have accelerated our timeline in which we believe we will become publicly traded. Working with Lisa and her team has been a pleasant surprise with their results oriented approach and depth of knowledge in corporate development and the public markets," stated Donald MacIntyre, President of Renewable Energy and Power, Inc.

Mrs. Nelson, ML Capital Group Inc.'s President, commented, "Renewable Energy and Power has developed a really impressive portfolio of technologies and a service offering that helps businesses of all types reduce their reliance and costs on traditional fossil fuel based energy solutions. We're very excited about what they represent as a green technology company and their dedication towards making a positive impact on our environment. We believe they have a lot of value to offer as a public company in addition to the potential they provide to both business partners and investors alike."

ML Capital Group Inc.'s stock is traded on the OTC Bulletin Board and OTC Markets where it is listed in the QB marketplace as a current reporting company. You can access the Company's stock quote directly from OTC Markets at www.otcmarkets.com/stock/MLCG/quote. To find out more information on the Company, visit its website at www.mlcapitalgroupinc.com.

About ML Capital Group, Inc.:

ML Capital Group, Inc.'s primary business consists of providing management, financial and strategic consulting services designed to advance and improve an organization's ability to conduct its business more effectively and to foster sales growth. The Company helps clients to build effective personnel teams, enhance their sales and marketing strategies, streamline their operations and maximize their profitability.

Safe Harbor Statement:

This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Contact Information

  • Investor Relations Contact:

    Lisa Nelson
    President & CEO
    ML Capital Group, Inc.
    Phone: 480-816-5308
    Email: lisa@mlcapitalgroupinc.com