SOURCE: IX Energy Holdings

IX Energy Holdings

June 15, 2009 14:18 ET

UPDATE: IX Energy Engages Ardour Capital for Investment Banking and Strategic Advisory Services

NEW YORK, NY--(Marketwire - June 15, 2009) - IX Energy Holdings, Inc. (OTCBB: IXEH), a company engaged in the development of solar power and other renewable energy solutions for the federal government and commercial markets, announced that it has engaged Ardour Capital Investments, LLC to assist in executing its strategic growth plan. Ardour, based in New York City, works exclusively with clients in the clean energy technology sector.

Steve Hoffmann, CEO of IX Energy, said, "We are pleased to have engaged an investment bank that truly understands alternative energy. We believe that our relationship with Ardour positions us uniquely by allowing us to establish and implement a capitalization strategy to execute our business plan and take advantage of new opportunities as they arise. Ardour's in-depth knowledge of energy technology applications and companies, along with its significant capital markets experience, is a perfect match for IX Energy as we move forward."

Kerry Dukes, Adour's CEO, said, "IX Energy has developed a differentiated renewable energy platform, and we are pleased to be advising and working with them at this unprecedented period in the alternative energy market."

About IX Energy Holdings, Inc.

Founded in 2006, IX Energy, Inc., the wholly owned subsidiary of IX Energy Holdings, Inc., is a renewable energy services company engaged in the design, marketing, development and financing of solar power systems and other renewable energy solutions to federal and commercial customers. In June, 2008, the Company entered into a non-exclusive agreement with Federal Prison Industries, Inc. ("UNICOR"), under which UNICOR provides the labor for assembly and production of solar panels for the Company, and the Company sells the solar panels to Federal customers. The agreement has a term of five years.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

Contact Information

  • Company Contacts
    Corporate Communications
    Aspire Clean Tech Communications, Inc.
    Todd M. Pitcher
    760-798-4938

    Rubenstein Investor Relations
    Tim Clemensen
    212-843-9337