SOURCE: Sunergy Inc.

Sunergy Inc.

November 10, 2015 04:18 ET

Sunergy Became an Official Sponsor of the US-Liberia Trade and Investment Forum Held in NY While Liberia Received a Grant of $256.7 Million US From Millenium Challenge Corporation

SCOTTSDALE, AZ--(Marketwired - Nov 10, 2015) - Sunergy, Inc. ("Sunergy" or "the Company") (OTC PINK: SNEY) was an official sponsor of the US-Liberia Trade and Investment Forum held in New York. This Forum was Liberia's First significant investment outreach since the Ebola outbreak in 2014 and offered a unique opportunity for business leaders and investors to engage with the Government and to understand more about the countries post-ebola investment agenda.

Doctor Joseph Boakai, Vice President of Liberia, asked the over 200 representatives of the American business institutions that participated in the US-Liberia Trade and Investment Forum, "What are you waiting for?" Vice President Boakai made the statement when he delivered the keynote address at the US-Liberia Trade and Investment Forum held at the West Club in New York City.

The forum, organized by the Liberia's National Investment Commission in collaboration with the American-based Developing Markets Associates (DMA), was sponsored by several groups including ExxonMobil, APM Terminals, Firestone-Liberia, Dawnus, KOSMOS, SunERGY, SoENERGY, International Bank Liberia Limited, among others.

VP Boakai acknowledged the extent of the goodwill from the American Government and people towards Liberia and described it as a great deal of help for Liberia's future; "We are moved by the over-pouring enthusiasm on the part of all who have so diligently worked to create a forum of such significance."

Dr. Boakai stressed that he was proud that despite the extent of the ordeal Liberia has had to endure, he can still dare to reaffirm the deep and abiding faith Liberians hold in the direction the country is heading as a nation. He said the forum was a testimony of the unbreakable spirit of the people of Liberia and their shared audacity and resolve to pull themselves from the tunnel of despair into a light of prosperity and hope.

A resounding announcement at the forum was that Liberia received approval for and was awarded a $256.7 Million US Grant from the US Based Millenium Challenge Corporation (MCC).This approval resulted in the agreement (to be known as the Liberia Compact) between the Liberian and U.S. governments. The majority of these funds will be used to restart a large hydro-Electric project and re-establish transmission lines for power distribution.

Sunergy management has since visited Liberia and has received further encouragement for proceeding with a solar power pilot program. This pilot project should lead to a utility scale solar power project that would qualify for support from the Obama Power Africa Renewable Energy Development Fund. Sunergy is currently applying to USAID for support on addressing a solar project for JFK hospital, the largest in Liberia, which will also qualify under Obama Power Africa for small scale renewable energy projects.

In addition, Sunergy's associate company, Global Builders Group, Inc. (GBG) is pursuing implementation of its modular oil refinery equipment, a substantial rice project and an Affordable Housing project in Liberia with the support of the Mininstry of Agriculture and the University of Liberia Agriculture School, which has 5,000 students. Sunergy and GBG management will return shortly to Liberia to follow up on these opportunities to improve the quality of lives for Liberians.

Garret Hale, Sunergy's President and CEO, stated: "Liberia has now been declared Ebola Free and granted substantial money to improve power, energy infrastructure and agriculture opportunities in country. Our companies SNEY and GBG offer timely and significant solutions to Liberia's economic recovery and are pleased to be being given serious consideration to undertake substantial projects in Liberia."

Hale also announced that: "Sierra Leone has just been declared Ebola-free by the WHO (World Health Organization), and management is currently studying the acquisition of a substantial gold and diamond concession in Sierra Leone. Prior to the end of Q3, Sunergy also received its 2,000,000 common shares of GBG which will now be reflected on its Balance Sheet. GBG shares are currently selling privately at $0.50/share."

Please go to www.sunergygold.com and www.globalbuildersgroupinc.com for more information.

About Sunergy: Reported Revenue in Q'2

Sunergy Inc. (OTC PINK: SNEY), a Nevada corporation, is a junior mining company headquartered in Scottsdale, Arizona. The Company has made a transition from an exploration only company to a company currently focused on production and cash flow. We have acquired a wash plant and loader in Liberia, capable of handling between 50 to 350 tons per hour of diamond and gold bearing gravels, which is now being shipped to Sierra Leone. In addition to our core mining activities, the Company has developed considerable relationships over the past four years which has enabled the procurement of non-mining partnerships and agency agreements with major international businesses representing Airport Security, Affordable Housing projects and Solar energy projects in the eight West Africa Countries of Ghana, Sierra Leone, Liberia, Nigeria, Togo, Cote D' Ivoire, The Gambia and Senegal.

Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization or cash flow from Sierra Leone and Liberian mining operations.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information