Alter Energy Group AG
Alter Energy Group AG: Alter Energy Group AG Retains New York based Spencer Clarke LLC
Alter Energy Group AG / Alliance Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Alter Energy Group AG Retains New York based Spencer Clarke LLC (Zurich, Switzerland) December 6, 2007 – Alter Energy Group AG (AEG) (Frankfurt Stock Exchange: 39f) announces that it has engaged Spencer Clarke LLC (Spencer Clarke), a New York based, full service investment banking and retail brokerage National Association of Securities Dealers (NASD) member firm as investment advisors. Spencer Clarke will provide financial advisory and investment banking services including assisting Alter Energy Group with capital market opportunities, mergers and acquisitions. Spencer Clarke is currently gathering due diligence on its proposed acquisition of Kiev based CJSC Kievenergomash (KEM). Spencer Clarke is also assessing and structuring potential post-acquisition finance options. About Alter Energy Group AG (AEG): AEG is a Zurich based company publicly traded on the Frankfurt Stock Exchange. AEG is actively pursuing acquisitions of Eastern European and CIS renewable energy-generation companies and facilities as well as energy-transmission companies and assets. Earlier this month, AEG announced its intent to acquire KEM. This is the first of several planned AEG acquisitions as the company expands into these rapidly growing emerging energy markets. About Spencer Clarke LLC: Founded in 1997 in New York City, Spencer Clarke is a full service brokerage and investment banking firm. It specializes in helping micro cap public and mid market private companies to position themselves for future growth. Its experienced team of professionals assists companies seeking: PIPE Transactions, Equity IPO's, Institutional Investors, Mergers & Acquisitions, Private Placements, Standby Note Facilities, Bridge & Permanent Financing, Convertible and Mezzanine Debt, Private Equity, Leverage and Management Buyouts, as well as Growth and Exit Strategies. For more information visit: www.spencerclarke.com. FOR MORE INFORMATION: info@alterenergy.com FORWARD LOOKING STATEMENTS: This release contains statements about AEG’s future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; fluctuations in operating results; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to AEG business and product development efforts, which will be described in future corporate filings with Deutsche Boerse. Any forward-looking statements are based on information available to AEG and Spencer Clarke on the date of this release. Neither AEG nor Spencer Clarke assume any obligation to update such statements. 06.12.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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