Alter Energy Group AG
Alter Energy Group engages IR CONSULT for Frankfurt Stock Exchange up-listing
Alter Energy Group AG / Key word(s): Miscellaneous Alter Energy Group engages IR CONSULT for Frankfurt Stock Exchange up-listing
Zurich Switzerland – February 18, 2011 Under terms of the engagement IRC will assist AEG in preparing its prospectus and filing with the FSA to enhance its market share through increased transparency by up-listing to the Entry Standard. In addition IRC will provide AEG with investor relations, German language services and increased market awareness through road shows, media outlets and coverage as well as possible sources of independent research and analyst coverage as well as enrolling and preparing the Company to present at the Entry Standard Conference in Frankfurt May 2nd-4th. Edward J. Klaeger IV, CEO of AEG stated, 'Engaging IR Consult brings us one step to closer to achieving our goal of up-listing from the Open Market. As a fully reporting company the increased transparency will allow us to access new sources of investment, increase our market share and liquidity will creating a solid platform for future growth. We are in the early stages of the up-listing process and plan to engage legal representation necessary to prepare the prospectus to file for our up-listing in the coming days. We also expect to move quickly to file in late March or early April and possibly receive Entry Standard quotes sometime in May. In the meantime we continue to focus on project development to create positive cash flows and earnings to support our enhanced up-listing and expect to issue more positive news regarding both in the near future'. Alexander Vollet of IR CONSULT states, 'We are proud to help AEG to improve its financial market presence and project financing. Especially its focus on renewable energy projects is very promising. We will be the German contact of AEG for financial press, analysts and investors and thus build-up transparency and trust.' 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 IR CONSULT: Since 1994 IR CONSULT is one of the leading IPO and investor relations consultants in Germany. Thank to our very fundamental IR approach (fact-book, equity story, presentation and road-shows) we have co-operated with a high number of listed companies out of all stock market segments and are proud of our excellent references. (www.ir-consult.com)
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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 18.02.2011 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 |
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