Alter Energy Group AG
Alter Energy Group AG acquires Sustainable Biomass Supply Company
Alter Energy Group AG / Key word(s): Mergers & Acquisitions ‘Alter Energy Group AG acquires Sustainable Biomass Supply Company.’ Zurich Switzerland – August 11, 2011 The acquisition terms are under non-disclosure agreement, but they involve a combination of stock options, corporate set-up costs and working capital investments over time. About AEG: AEG is a Zurich-based publicly traded Swiss company with emerging market operations in Ukraine. AEG develops, acquires, and invests in alternative and renewable energy projects and companies. The current target market is Ukraine with planned expansion into other emerging markets in the region as well as established markets such as the U.S., Canada and Germany for future consideration. About ZBG: ZBG is a Ukraine LLC focused in the collection, manufacture and distribution of waste wood, and possibly other types of biomass, in the Zhitomir region as a wholly owned subsidiary of AEG. For more information please visit: www.alterenergygroup.com Contact Forward-Looking Statements Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the Company’s current and future capital needs, any actions by the Company’s partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, and other risks. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release. End of Corporate News 11.08.2011 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 |
135369 11.08.2011 |