SOURCE: RenuEn Corp

April 29, 2013 16:02 ET

RenuEn Corp Cancels Acquisition of Alquimi Solar

Acquisition of Alquimi Solar Cancelled Due to Inability to Agree to Final Terms

ST. CLOUD, FL--(Marketwired - Apr 29, 2013) - RenuEn Corporation (OTC Pink: RENU) a Renewable Energy Development Company announced the cancellation of the acquisition of Alquimi Solar, a Saddle Brook, New Jersey based solar and renewable energy development company.

Don Wood, CEO of RenuEn, states: "We have decided to rescind our acquisition of Alquimi Solar due to fundamental differences. We look forward to continuing our working relationship with Alquimi in the future." Wood added, "I wish Alquimi the best of luck in their pursuit of solar energy projects in the future."

About RenuEn Corporation

RenuEn Corporation is a Renewable Energy Development company. The company focuses on Landfill Compressed Natural Gas capture, International Renewable Power projects and the development of solar, geothermal and other renewable energy strategies.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

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