SOURCE: Sunergy, Inc.

Sunergy, Inc.

November 17, 2015 08:38 ET

Sunergy Initiates Small Scale Solar Power Project in Liberia by Seeking Support From USAID and Obama Power Africa, and GBG Signs $25 Million Letter of Intent

SCOTTSDALE, AZ--(Marketwired - Nov 17, 2015) - Sunergy, Inc. ("Sunergy" or "the Company") (OTC PINK: SNEY) initiates their Liberia Solar Power Project with its submission on November 18, 2015 to USAID, in Washington, DC, designed to help start a small scale solar power project to supply much needed power to The John F. Kennedy Hospital in Monrovia, Liberia.

On August 4, 2015, Sunergy Liberia Limited and its US based IPP partner submitted an expression of interest to the Ministry of Lands, Mines and Energy in Liberia, to design, develop, finance, own and operate a utility scale solar power project of 50+ MW, to add solar power to the much needed current power requirements for Liberia. This proposal would qualify for support from the Obama Power Africa Funding program.

On August 25, 2015, The Ministry responded and encouraged our consortium to initially undertake the development of a small scale solar power solution for the JFK Hospital in Monrovia, Liberia. This small scale project did not initially itself qualify for the Obama Power Africa Program, but a recently announced invitation for Concept Papers by USAID, specifically designed to include small scale projects and pilot projects that could lead to larger power projects will now be supported by Obama Power Africa funds. Sunergy's management has recently visited Liberia and has received further encouragement for proceeding with this initial solar power project which, as stated by the Ministry, "may make it ideal for piloting a large scale solar power project for Liberia".

In addition, Sunergy's associate company, Global Builders Group, Inc. (GBG) has signed a Letter of Intent and Agreement in Principal with a large U.S. Veterans organization ('The Vets Group') who will fund a $25,000,000 Joint Venture, where GBG and The Vets Group will undertake a multi-thousand home re-development project designed to put qualified home buyers into now vacant homes and home sites in downtown Baltimore, MD. The stated mission of this initiative is to end homelessness in Baltimore for both Veterans and others, and rejuvenate this downtown area to make it attractive to all. GBG is also aggressively pursuing a global reseller agreement on its modular oil refinery project with Refinery Equipment of Texas,, and is finalizing initial contracts with a multi-billion dollar international crude oil and refined fuel distributor.

Lastly, GBG has been advised by USAID that its Concept Paper has been accepted for review and it will receive a response to its Post Ebola Rice Proposal for Liberia by December 22, 2015.

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About Sunergy: Reported Revenue in Q'2 and Q'3

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 reported revenue in both Q'2 and Q'3 of 2015. In addition to our core mining activities, the Company has developed considerable relationships over the past four years which have 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.

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