ACLP 0.001 EXTENSIVE DD: YOU MAY HAVE TO COPY
Post# of 74540
YOU MAY HAVE TO COPY AND PASTE LINKS, SOME WON'T WORK FOR SOME REASON
Main news: REVERSE MERGER
http://online.wsj.com/article/PR-CO-20140414-903922.html
" It is expected that the equity holders of EIP will become the holders of approximately
76% of the total outstanding capital stock"
" Management of EIP will become management of AccelPath upon completion of the transaction. "
"AccelPath is required to undertake a recapitalization and restructuring of its equity and debt on terms satisfactory to EIP"
ACLP CEO:
http://ableglobalps.com/professionals.html ;
CEO's profile is under here. He is Senior
VP of BUSINESS DEVELOPMENT. This is huge considering if you go under "recent
transactions" it shows the deals that they work on. Doesn't get much better than that.
Also, go look at the rest of the directors, he has ties to all of them which is great for expanding the company and helping with growth.
He has also effectively taken over all Board of Director positions until the reverse merger is complete where EIP will fill the spots with their own people. Since he actively worked on AMEX with companies on fulfilling uplifting requirements, I believe that is the goal with this company. There is no real reason for a person with that much experience to go to this company unless they plan to do BIG things.
http://www.ascentmedia.com/John-Orr.aspx
EIP snapshot according to Businessweek:
Energy Innovative Products, Inc., an energy solutions company, develops controller devices that reduces energy consumption by reducing the electricity used in refrigeration and cooling systems, and other AC induction motor applications for homes, workplaces, and the food and beverage industry in the United States and internationally.
It offers EIP-2, a single-phase motor controller device; consulting services that provide advice on mitigating energy usage and costs on a client-specific basis; PSP- 2 for refrigerators, freezers, ice machines, and other cooling units; PSP-3 for Perlick Systems, soda guns, and large refrigerators and coolers; Energy Star Kit for vending machines; the VFD Controller for walk-in refrigerators/freezers; energy management and savings services; and energy monitoring software to monitor the efficiency of machines in real time. The company was founded in 2008 and is based in Fairfield, New
Jersey.
Website: http://www.eis-savesenergy.com/
EIP Management:
Mr. John Orr
Chief Executive Officer
Mr. Scott Caputo - www.linkedin.com/pub/scott-caputo/18/995/602
President
Scott Caputo previously worked as President of Whitehouse & Partners previously and his LinkedIn
profile claims he is an "turnaround expert"
Mr. Gary Weiss - http://www.linkedin.com/pub/gary-weiss/7/739/bb9
Chief Operating Officer
Gary Weiss… NOW THIS GUY IS INTERESTING! He is without a doubt the most experienced and has
a long track record with amazing companies. He will undoubtedly make it to the BOD once the reverse
merger happens. Here is some quotes from companies he runs or is a part of.
"Founded strategic consulting and advisory firm assisting companies from startup to Fortune 500 size.
Strategic Consulting practice includes business plan & sales strategy development.
Advisory practice works with new businesses on formation of corporation and business structures, drafting privacy policies and structuring commercial transactions and active participation in board and senior management level decisions."
This is a quote from a company he is on the BOD for.
"I have been a member of the Board of Directors since 2002 when an investment group purchased a majority stake. Through a combination of strategic organic growth and bolt-on acquisition, the company has grown 1000% since the acquisition. The company is currently exploring growth and/or liquidity opportunities."
"Founded investment and advisory firm specializing in early stage technology and publishing companies.
Worked with companies on corporate development, capital raising and strategic growth."
Now want to read more on details pertaining to the merger? Check out this old post by a board member: