World Energy Holdings & Research PLC
World Energy Holdings and Research PLC announces completion of full financial audits for each special purpose entity of WEHR subsidiary World Energy Hydro Limited
World Energy Holdings & Research PLC / Key word(s): Miscellaneous World Energy Holdings and Research PLC announces completion of full financial audits for each special purpose entity of WEHR subsidiary World Energy Hydro Limited. Thursday, 23rd June 2011, 8:30 (Guatemala City) World Energy Holdings and research PLC is pleased to announce recent completion of full financial audits for each WEHL special purpose entity; World Energy EL Islan S.A., World Energy Sosi S.A., World Energy Ixtaguacan S.A., World Energy Semuc S.A., and World Energy Tacana S.A. The audits were prepared by the esteemed IFLR1000 rated auditor José Manuel Tobar Solares. WEHR is currently engaging a UK Firm to execute consolidated Financials for the five entities, which will allow WEHR the ability to complete their first Information Memorandum. ‘ We are pleased with the timely completion of this audit process, as it provides the needed validity and support required by Finance Institutions. We view this as a substantial step towards achieving our ultimate goal.’ says WEHR CFO Andy Somoza. World Energy Holdings & Research PLC (ISIN GB00B50QMR32, WKN A1C9BX, 0WE) is a public limited company incorporated in England focusing on the development of power plants, specifically in Central and Latin America. World Energy Holdings & Research PLC is admitted to trading on the Frankfurt Stock Exchange’s Entry Standard (Open Market) under symbol ‘0WE’ (Zero ‘W’ ‘E’). Disclaimer: This press release is solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any securities of WEHR. No regulatory authority has approved the press release. This press release contains forward-looking statements. Forward-looking statements are not statements of historical fact and reflect the current assessments, views, assumptions and beliefs made by WEHR or its officers according to the information available as of the date of this press release about future events, operating performance, financial condition, business strategy, WEHR’s plans and objectives for future operations and the industry in which it operates. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual outcomes to differ materially from those suggested in this press release. WEHR undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future events or developments or otherwise. All subsequent written and oral forward-looking statements attributable to WEHR and those acting on its behalf are expressly qualified in their entirety by the foregoing. Enquiries to: World Energy Holdings & Research PLC / Andy Somoza, Chief Finance Officer Tel: +502-2378-6400 End End of Corporate News 23.06.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
129614 23.06.2011 |