Alter Energy Group AG
Alter Energy Group appoints auditor
Alter Energy Group AG / Key word(s): Miscellaneous Alter Energy Group appoints auditor
Zurich Switzerland – February 14, 2011 Under terms of the appointment Moore Stephens Zurich will provide local GAAP and IFRS audits for AEG. The expected completion of the statutory audits is late February or early March with IFRS conversion to occur soon thereafter. Edward J. Klaeger IV, CEO of AEG stated, 'The appointment of Moore Stephens Zurich as our statutory auditor allows AEG to be in Swiss statutory compliance and comply with auditing requirements for a publicly listed company. The audits will increase transparency and provide the reporting requirements for our planned up-listing application from the Open Market to Entry Standard, for which we are currently initiating the preparation of the Prospectus. We expect more positive news in this regard in the near future.' 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 expansion into established markets such as the U.S., Canada and Germany with penetration into other emerging markets currently in development. About the Moore Stephens network: With over 600 offices worldwide Moor Stephens is a second tier international audit company with experience in public company audits for various exchanges around the world, including the Frankfurt Stock Exchange.
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 14.02.2011 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 |
112087 14.02.2011 |