Alternate Energy Corporation Deal With COi Solutions, Inc. Is Completed.Energy Editors/Business Editors LAS VEGAS--(BUSINESS WIRE)--May 23, 2003 Mr. Robert Jones Robert Jones may refer to
See OTC Bulletin Board (OTCBB). :ARGY), is pleased to announce that the deal between COi Solutions, Inc. and Alternate Energy Corporation, announced on November 20, 2002 was completed on May 22, 2003. Mr. Jones stated, "In addition to acquiring AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission assets, changing the name of the company to Alternate Energy Corporation, changing the symbol to ARGY, there are also changes in the members of the Board of Directors. Effective May 22, 2003, three new members will join the Board; Mr. Blaine Froats as Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mr. Sean Froats as Secretary, and Mr. Jack Mr. Jack was a funny animals comic strip by Jimmy Swinnerton which ran from about 1903 until 1935. History When Jimmy Swinnerton moved from the San Francisco Examiner to the New York Journal in 1896, he changed his The Little Bears to Wasserman, CA as Treasurer. Additional Board members, as announced on November 28, 2002, will join the Board in the near future, pending resolution of funding." Mr. Jones also stated, " Existing Board members Geeta Naipaul-Denton, Gary Evans
Additional announcements regarding the business plans and operations of AEC will be forthcoming. About Alternate Energy Corporation (AEC) Founded in March 2000, AEC owns patented technologies that enable electric utility companies and large multi-national industrial companies (petroleum, chemical, mining, steel, pulp and paper, manufacturing, etc.) to increase their power output by up to 50 % with significant decrease in cost. This is accomplished without increasing the amount of fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. that is used, which provides two additional benefits: less dependency on imported fossil fuels and lower fossil fuel pollution levels. Both the cost and availability of fuel, and protecting the global environment are currently two of the highest profile issues on North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. agendas. AEC's patented technologies provide this increased power through reclaiming heat energy that is typically lost to the environment when producing electric power and also through reducing the cost and complexity of the equipment required in typical utility operations. AEC technologies can enable the North American Electric Utility industry to produce more power and grow its annual revenues to an estimated $1.5 trillion annually without changing the industry's current level of operating costs operating costs npl → gastos mpl operacionales . AEC plans to collect a percentage of the new revenues generated by these utilities. AEC's technology and partner relationships also have application in the small business and residential markets. AEC will pursue future opportunities to generate cost efficient and environmentally friendly power in these markets. This release contains forward-looking statements. Forward-looking statements involve the known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from what is anticipated. Such statements include such words as expect and anticipate. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion