SOURCE: RenuEn Corp

January 07, 2014 09:04 ET

RenuEn Corp Announces Corporate Update

CEO Outlines Expansion of Legal Representation and Energy Solutions Dealer Program

JUPITER, FL--(Marketwired - Jan 7, 2014) - RenuEn Corporation (OTC Pink: RENU), a Renewable Energy Development and EPC Company, announced today that the company has expanded its legal representation and Energy Solutions Dealer Program. 

Jeff Nemes, CEO of RenuEn, stated, "In furtherance of my mandate to clean up the share structure of the company, create solid infrastructure and continue growth, I have engaged outside corporate and securities counsel to work with General Counsel Alex Kim." Nemes added, "I am excited to announce the hiring of West Palm Beach based Attorney Laura Anthony, founding partner of the law firm Legal & Compliance, LLC as outside corporate counsel. With the engagement of Ms. Anthony and her team of experienced securities and corporate governance attorneys, our shareholders can be assured that my experience in running a public company will now be supported with sound legal advice and most importantly, compliance with all State, Federal, SEC, FINRA, DTC and regulatory law. As I work to grow RenuEn and expand our brand into new markets and regions, Alex and Laura can continue to assist in corporate and securities legal compliance."

Mr. Nemes continued, "Laura Anthony and her firm are the perfect fit for RenuEn. Laura focuses not only on transactional and contract law; she places an added emphasis on avoiding problems; not just solving them." Nemes noted, "Attorney Laura Anthony is an honors graduate from Florida State University College of Law and has been practicing law since 1993. After receiving her Juris Doctorate, she was admitted to the Florida Bar and began her career in West Palm Beach, Florida, where she developed expertise in the fields of corporate and securities law. Ms. Anthony is licensed in the state of Florida. After working with Cohen, Norris, Scherer, Weinberger and Wolmer for six years in an of counsel relationship, Ms. Anthony became Chief Legal Counsel for a national investment banking firm and NASDAQ broker dealer with over 200 employees. Ms. Anthony managed the firm's legal and compliance department and coordinated all legal work for the firm in regard to FINRA and SEC regulations, FINRA arbitrations, and public and private transactions. In 2001 Ms. Anthony founded Legal & Compliance, LLC, a law firm designed to represent small and mid-size private and publicly held companies, their officers and directors."

Ms. Anthony stated, "We have begun a top to bottom review of all stock transactions and corporate records since the last audited financial statement in June of 2011. Mr. Nemes has indicated his desire to ensure that RenuEn Corporation will operate fully transparent and compliant as we prepare the company for PCAOB audits and a future up listing." Ms. Anthony added, "Jeff brings excitement and an extraordinary understanding of the dynamics of a public company. My team and I are very excited to assist him with all the legal compliance and contract law needs of RenuEn. Additionally, my associate attorney Lazarus Rothstein can also assist Jeff and his team with a national roll-out plan for the Energy Solutions brand. Mr. Lazarus' years of experience working in the legal department of Sports Authority and his service as General Counsel of Let's Talk Cellular & Wireless, a specialty retailer with over 270 stores will add to my firm's ability to support all of the legal and compliance needs of RenuEn."

Mr. Nemes continued, "In addition to adding Laura Anthony and her firm, I am especially pleased to announce that our Energy Solutions Dealer Program is now fully operational with the signing of our first dealer in late December. While Christmas and New Year's fell mid-week during the last two weeks of 2013, our first dealer relationship was still able to sell 18 home energy upgrade projects. The Energy Solutions team installed and collected over $200,000 in gross revenue for purchased equipment and services to close out 2013."

Nemes added, "With agreements in place with our second Florida dealer, we will now have fully staffed and operating sales offices in Orlando, Tampa, Jacksonville and Jupiter Florida by the end of January with each having four to six full time Energy Analysts working." Nemes said, "Our dealer model is showing such growth potential, I am confident that 2014 will be an exceptional year for our shareholders. Even more, I am extremely hopeful that I will be able to work through the debt created by my predecessors and still have a profitable 2014 for RenuEn. I look forward to expanding on the dealer strategy and updating our valued shareholders on my 2014 business plan during the next shareholder call later this month."

Mr. Nemes ended by stating, "I have added additional support staff to the Jupiter Corporate Team to work with Walt Kritsky on expanding Energy Solutions residential division as well as aggressively pursuing commercial projects.  Lynn Nemes has been named Executive Vice President and she will be responsible for overseeing the Finance, Human Resources and Contract Management departments.  I have named Marc Cox owner of Handy Air in Orlando as Vice President of Operations.  Marc will have management and oversight of all installation personnel and sub-contractors as we work to expand our installation capabilities and fully integrate Handy Air into RenuEn.  Finishing out my team, I have hired Rene Woodhead to work full time as my Director of Communications.  In her new role, Rene will be working in conjunction with Investor Relations to further develop the RenuEn brand.  In addition to the roll out of a brand new corporate website, Rene will be developing a comprehensive social media and communications program to keep our shareholders and clients informed of company activities in real-time while increasing awareness and interest in RenuEn.  With my senior management team in place and the addition of Laura Anthony at Legal & Compliance, RenuEn is poised to become not just a trading symbol on the pink sheets, but rather a fully reporting, fully audited and fully compliant operating company with long overdue revenue and earnings.  My expectation is to finally create the long awaited company value that our patient shareholders deserve."

About RenuEn Corporation
RenuEn Corporation is a Renewable Energy Development, Engineering, Procurement and Construction (EPC) Company. The company focuses on Renewable Power projects and the development of solar, geothermal and other renewable energy strategies installing energy saving products and services for residential and commercial clients.

About Legal & Compliance, LLC
Legal & Compliance, LLC ( is a multifaceted corporate and securities law firm based in West Palm Beach, Florida. The firm assists clients in all aspects of their commerce; including reverse mergers, registered public offerings, compliance with the over the counter market trading platforms such as OTCQB, compliance with FINRA and DTC. 

Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

  • Contact and Inquiries for Investor Relations:
    Michael Irving
    Paramount Advisors, LLC