SOURCE: IO News Wire

IO News Wire

March 03, 2010 04:00 ET

(OTCBB: GELV) Expanding Into "The Greenest State"

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - March 3, 2010) - Green Energy Live, Inc. (OTCBB: GELV) announced recently that they have acquired one of Vermont's leading electrical contractors and solar power installers, Peck Electric.

Through 2016, the Federal Government is issuing a $12,000 tax credit to solar panel installations on a residence that produce at least 5 kilowatts of power, enough to power an average sized home. This should produce a boom in Vermont's solar contracting business which already has programs enacted by the Clean Energy Development Fund. Vermont Energy Investment Corp, a non-profit organization that helps reduce overall costs of energy consumption, states that applications for solar installations have increased 50% year over year for the past 3 years.

Other active stocks are Sequenom Inc. (NASDAQ: SQNM) Hercules Offshore Inc. (NASDAQ: HERO) and Origin Agritech Ltd. (NASDAQ: SEED).

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