Alter Energy Group AG
Alter Energy Group engages Ardour Capital as Investment Bankers
Alter Energy Group AG / Key word(s): Miscellaneous Alter Energy Group engages Ardour Capital as Investment Bankers Zurich Switzerland – November 1, 2010 ALTER ENERGY GROUP AG (AEG) (the Company) (Frankfurt Stock Exchange Ticker Symbol: 39f; WKN A0MW07) announces the formal engagement of Ardour Capital International GmbH (Ardour) as investment bankers to the Company. Edward J. Klaeger IV, CEO of AEG explained, 'The formal engagement of Ardour Capital is fundamental to the successful implementation of our business model and growth strategy. Ardour provides a wide range of services including research and analyst coverage, business plan development and writing, capital formation and fund raising as well as market strategy and execution. With offices in New York, London and Berlin, and a focus solely on renewable energy, Ardour is the best possible strategic fit for AEG and its Ukraine and other emerging market activities as well as our planned expansion into established markets within the EU and North America. We look forward to a long and successful relationship with the Ardour team.' Jonathan Treacher, Managing Director stated, 'We are impressed with AEG's management team and their well thought through and developed roll-up strategy covering multiple sectors of the alternative and renewable energy markets. The tremendous progress AEG has made in its Ukrainian emerging market strategy and project implementation provides a sound platform for growth, both in Ukraine and the region. We also believe diversifying into established markets such as EU and North America through subsidiary companies provides a good hedge against risks in emerging markets while also creating value through additional assets and revenue streams. With a strong management team and sound business model focused on fundamental growth, we see our strategic relationship with AEG as winning combination and plan to support any investment or corporate needs AEG requires for strategic success.' About AEG: AEG is a Zurich-based publicly traded Swiss company, listed in Germany, with operations in Ukraine. AEG is actively developing; acquiring and making investments in Ukraine based renewable energy generation and distribution projects and companies as well as diversifying into other renewable energy emerging markets in the region as well as EU and North America. About Ardour: Ardour is a full service Investment Banking firm focused on energy technology/alternative energy and clean power/renewable technologies together with renewable energy projects development and finance. For more information on AEG and Ardour please visit our websites: www.alterenergygroup.com; www.ardourcapital.com Contact Investor Relations: Alter Energy Group AG info@alterenergygroup.com +41 44 500 5411
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 04.11.2010 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 |
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