EANS-News: Accel Energy Capital Raise Announcement
Zumikon (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Restructuring & Recapitalisations
Accel Energy AG (Frankfurt: ACY) announces a capital raise for its new alternative energy manufacturing plant in China. Pursuant to stockholder approval at the annual meeting authorizing the raise, all existing stockholders have a right to participate first, for 30 days after which open to public. The funds will be used to build the factory for the new alternative energy product line. This plant will service worldwide distribution to meet demands from around the globe. In addition the company holds the rights for sales to the China and Middle East market. The new product sales estimates upon completion of the plant facility that its first year orders will be 3.5 million USD and an estimated 8 million USD for China. Any present stockholders should contact investors@accelenergy.com with proof of ownership to receive the package. Accel is committed to a direction of alternative energy for its overall company growth plan and sees this venture as affordable clean energy option that will offer a practical way to assist in the world moving to greener sources of energy.
Accel Energy believes that the forward-looking statements reasonable based on current assumptions, however, the company can not liable for the actual achievement of these goals. This unpredictable and unanticipated risks, trends, Unprofitable and the potential inability to gain or to cash flow obtain or access to sources of funding to secure one. It is not an update of the forward-looking statements planned, what their veracity because of subsequent events lose, nor does the obligation Accel Energy therefore. The Issuance of shares for acquisitions, payments or services can diminish future profits.
end of announcement euro adhoc
Further inquiry note:
Accel IR Department
Tel.: +41/43/288'01'62
Branche: Energy
ISIN: CH0026238243
WKN: A0LFLF
Börsen: Frankfurt / free trade/entry standard