GM-ALL-RENU .0026-Issues-Shareholder-Update AL
Post# of 144481
Posted On: 12/17/2012 9:28:33 AM
GM-ALL-RENU .0026-Issues-Shareholder-Update
ALSO 12/13- ICTY .0003-Announces Acquisition Program
RenuEn Corporation Issues Shareholder Update 12/17 08:30 AM
ST. CLOUD, FL -- (MARKETWIRE) -- 12/17/12 -- RenuEn Corporation (RENU:$0.0026,$0.0002,8.33%) , a Power Project Development company, today issued a shareholder update for year end. CEO Don Wood discusses activity of the newly acquired Team Energy, Inc. and the St. Cloud landfill project.
Mr. Wood states: "This has been a very monumental year for not only Team Energy but RenuEn (RENU:$0.0026,$0.0002,8.33%) as well. With the acquisition completed in the early fall, and the Team Energy group taking the full reigns of the company we have been able to achieve some important milestones. But first, I would like to personally thank all the great shareholders of RENU and their patience. I know there has been turmoil and lack of transparency from the past, but with the current developments under way, all of our valued shareholders will be rewarded with a great operating company."
According to Mr. Wood, the company has been very focused on the St. Cloud Landfill project achieving operational status. Since the acquisition of Team Energy, the details attended to the project are listed:
Prepare Performance Bond applications for St. Cloud project -- negotiate agreements with Insurance companies
Acquire bond for St. Cloud project
Preparing weekly reports for the City of St. Cloud
Preparation and review of engineering documents for St. Cloud project
Preparation and review of FDEP (Florida Department of Environmental Protection) application to modify the landfill permit
Preparation and review of local building and construction applications to DRC (Development Review Committee)
Preparation for meetings with City officials responsible for issuing permits
Preparation for bi monthly presentations for St. Cloud City Council
Weekly meetings with engineers to discuss project process and review equipment specifications
Arrange for equipment delivery and storage
Prepare and update business plan and pro-formas for presentations to investors and lenders
Negotiate with equipment manufacturer, lenders on terms St. Cloud project
Prepare presentations and attend meetings with potential off take agreement customers
The company has successfully completed and submitted the necessary permits and anticipates the various Authorities to grant them shortly. The equipment is currently near the site waiting for the permits in order to construct the site.
RenuEn Activity
Mr. Wood states: "There were several issues that were not disclosed that came to light after the acquisition of Team Energy. These issues took time to resolve and created the delay in preparing accurate financial statements. Now that they are resolved we thought it prudent to provide a shareholder update with a strategy for moving forward. We can make the financials available using December 31st numbers as opposed to September 30th. We will post these financials the first week of January. We intend to have the financial statements audited in 2013 in order to move to a fully reporting company. This will be in preparation of an aggressive M&A strategy in 2013. Some of the opportunities worked on by RenuEn (RENU:$0.0026,$0.0002,8.33%) prior to my involvement have been resurrected and details will be forthcoming in early January."
He continues: "The Company has cleaned up the balance sheet and Capital table extensively, and with the project moving forward to production, I feel we are now properly positioned. The productivity of our Team these past months has been truly amazing! In particular I would like to thank Paramount Advisors for their effort in all these matters."
The company will conduct webinars at the end of each quarter in 2013 to keep shareholders updated.
About RenuEn Corporation (RENU:$0.0026,$0.0002,8.33%)
RenuEn Corporation (RENU:$0.0026,$0.0002,8.33%) is a Power Project Development company. The company focuses on Landfill Compressed Natural Gas capture and International Renewable Power projects.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission . The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
mike@parvise.com
Get more news on:SYMBOLS: RENUNEWS TYPE: SECTORS: Industrials, Commercial Services and Supplies
EyeCity.com, Inc. Announces Acquisition Program for Oil and Gas Production in Turner Valley Field, Alberta, Canada. 12/13 01:03 PM
LAKE MARY, Fla., Dec. 13, 2012 /PRNewswire/ -- EyeCity.com, Inc. announces today its initiative to acquire under performing oil and gas wells in the Turner Valley located in Alberta, Canada. EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) 's ("ICTY") management team is executing on their strategy to target underexploited oil and gas producing assets within proven oil field systems to create turnkey production and revenue models.
ICTY has optioned lands with multiple wells in the Turner Valley oil field system and is in the final stages of negotiations for the acquisition of oil and gas production working interests located in the Turner Valley area of Southwestern, Alberta, Canada. As previously disclosed in the news release dated November 15, 2012, ICTY's management is focusing its business efforts on acquiring underexploited oil and gas assets within proven fields in North America.
The Turner Valley oil and gas field has been producing oil and gas since 1914 and was the first oil and gas field developed in Canada; it also has been one of its most productive regions. The main oil and gas operators in the area include Devon Canada, ConocoPhillips Canada, Shell Oil and Legacy Oil and Gas. The lands being evaluated by the company are adjacent to the main Turner Valley Rundle pool in an unexploited oil accumulation called the KEW structure which is believed to be a faulted out slice of the main Turner Valley oil system.
ICTY's management believes that the Turner Valley area meets their requirements for an initial turnkey property and a significant future opportunity to be exploited for the company. Chapman Petroleum Engineering Ltd. completed an engineering evaluation study of the average oil recovery data from one section area of the Turner Valley Rundle field which data indicated an average oil recovery of 5.7 million STB ("stock tank barrel"). Chapman Petroleum Engineering Ltd has assigned resources on areas being evaluated by the Company ranging from 2.9 million STB (lower case) to 8.7 million STB (high case) with the most likely oil recovery being 4.8 million STB over the 640 acre field.
Mr. Bradley Wilson, CEO of ICTY, stated "We have been in discussion and negotiations for several months now and are in the final stages of the acquisition; this brings the promise of near term production, exploration and development prospects in the Turner Valley area. The oil and gas wells and properties being evaluated show the near term production potential of 75 barrels of oil per day and significant additional prospective development resources".
About EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%)
EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) is currently transitioning its business model towards a focus on natural resources. The primary focus in this sector is targeted towards oil and gas and the exploration and mining.
For further Information and inquiries:
eyecityresourcegroup@gmail.com
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
SOURCE EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%)
Get more news on:SYMBOLS: ICTYNEWS TYPE: Corporate Events, Corporate Events: Mergers and AcquisitionsSECTORS: Energy, Oil, Gas and Consumable Fuels, Financials, Capital Markets, Utilities
ALSO 12/13- ICTY .0003-Announces Acquisition Program
RenuEn Corporation Issues Shareholder Update 12/17 08:30 AM
ST. CLOUD, FL -- (MARKETWIRE) -- 12/17/12 -- RenuEn Corporation (RENU:$0.0026,$0.0002,8.33%) , a Power Project Development company, today issued a shareholder update for year end. CEO Don Wood discusses activity of the newly acquired Team Energy, Inc. and the St. Cloud landfill project.
Mr. Wood states: "This has been a very monumental year for not only Team Energy but RenuEn (RENU:$0.0026,$0.0002,8.33%) as well. With the acquisition completed in the early fall, and the Team Energy group taking the full reigns of the company we have been able to achieve some important milestones. But first, I would like to personally thank all the great shareholders of RENU and their patience. I know there has been turmoil and lack of transparency from the past, but with the current developments under way, all of our valued shareholders will be rewarded with a great operating company."
According to Mr. Wood, the company has been very focused on the St. Cloud Landfill project achieving operational status. Since the acquisition of Team Energy, the details attended to the project are listed:
Prepare Performance Bond applications for St. Cloud project -- negotiate agreements with Insurance companies
Acquire bond for St. Cloud project
Preparing weekly reports for the City of St. Cloud
Preparation and review of engineering documents for St. Cloud project
Preparation and review of FDEP (Florida Department of Environmental Protection) application to modify the landfill permit
Preparation and review of local building and construction applications to DRC (Development Review Committee)
Preparation for meetings with City officials responsible for issuing permits
Preparation for bi monthly presentations for St. Cloud City Council
Weekly meetings with engineers to discuss project process and review equipment specifications
Arrange for equipment delivery and storage
Prepare and update business plan and pro-formas for presentations to investors and lenders
Negotiate with equipment manufacturer, lenders on terms St. Cloud project
Prepare presentations and attend meetings with potential off take agreement customers
The company has successfully completed and submitted the necessary permits and anticipates the various Authorities to grant them shortly. The equipment is currently near the site waiting for the permits in order to construct the site.
RenuEn Activity
Mr. Wood states: "There were several issues that were not disclosed that came to light after the acquisition of Team Energy. These issues took time to resolve and created the delay in preparing accurate financial statements. Now that they are resolved we thought it prudent to provide a shareholder update with a strategy for moving forward. We can make the financials available using December 31st numbers as opposed to September 30th. We will post these financials the first week of January. We intend to have the financial statements audited in 2013 in order to move to a fully reporting company. This will be in preparation of an aggressive M&A strategy in 2013. Some of the opportunities worked on by RenuEn (RENU:$0.0026,$0.0002,8.33%) prior to my involvement have been resurrected and details will be forthcoming in early January."
He continues: "The Company has cleaned up the balance sheet and Capital table extensively, and with the project moving forward to production, I feel we are now properly positioned. The productivity of our Team these past months has been truly amazing! In particular I would like to thank Paramount Advisors for their effort in all these matters."
The company will conduct webinars at the end of each quarter in 2013 to keep shareholders updated.
About RenuEn Corporation (RENU:$0.0026,$0.0002,8.33%)
RenuEn Corporation (RENU:$0.0026,$0.0002,8.33%) is a Power Project Development company. The company focuses on Landfill Compressed Natural Gas capture and International Renewable Power projects.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission . The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
mike@parvise.com
Get more news on:SYMBOLS: RENUNEWS TYPE: SECTORS: Industrials, Commercial Services and Supplies
EyeCity.com, Inc. Announces Acquisition Program for Oil and Gas Production in Turner Valley Field, Alberta, Canada. 12/13 01:03 PM
LAKE MARY, Fla., Dec. 13, 2012 /PRNewswire/ -- EyeCity.com, Inc. announces today its initiative to acquire under performing oil and gas wells in the Turner Valley located in Alberta, Canada. EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) 's ("ICTY") management team is executing on their strategy to target underexploited oil and gas producing assets within proven oil field systems to create turnkey production and revenue models.
ICTY has optioned lands with multiple wells in the Turner Valley oil field system and is in the final stages of negotiations for the acquisition of oil and gas production working interests located in the Turner Valley area of Southwestern, Alberta, Canada. As previously disclosed in the news release dated November 15, 2012, ICTY's management is focusing its business efforts on acquiring underexploited oil and gas assets within proven fields in North America.
The Turner Valley oil and gas field has been producing oil and gas since 1914 and was the first oil and gas field developed in Canada; it also has been one of its most productive regions. The main oil and gas operators in the area include Devon Canada, ConocoPhillips Canada, Shell Oil and Legacy Oil and Gas. The lands being evaluated by the company are adjacent to the main Turner Valley Rundle pool in an unexploited oil accumulation called the KEW structure which is believed to be a faulted out slice of the main Turner Valley oil system.
ICTY's management believes that the Turner Valley area meets their requirements for an initial turnkey property and a significant future opportunity to be exploited for the company. Chapman Petroleum Engineering Ltd. completed an engineering evaluation study of the average oil recovery data from one section area of the Turner Valley Rundle field which data indicated an average oil recovery of 5.7 million STB ("stock tank barrel"). Chapman Petroleum Engineering Ltd has assigned resources on areas being evaluated by the Company ranging from 2.9 million STB (lower case) to 8.7 million STB (high case) with the most likely oil recovery being 4.8 million STB over the 640 acre field.
Mr. Bradley Wilson, CEO of ICTY, stated "We have been in discussion and negotiations for several months now and are in the final stages of the acquisition; this brings the promise of near term production, exploration and development prospects in the Turner Valley area. The oil and gas wells and properties being evaluated show the near term production potential of 75 barrels of oil per day and significant additional prospective development resources".
About EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%)
EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) is currently transitioning its business model towards a focus on natural resources. The primary focus in this sector is targeted towards oil and gas and the exploration and mining.
For further Information and inquiries:
eyecityresourcegroup@gmail.com
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
SOURCE EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%)
Get more news on:SYMBOLS: ICTYNEWS TYPE: Corporate Events, Corporate Events: Mergers and AcquisitionsSECTORS: Energy, Oil, Gas and Consumable Fuels, Financials, Capital Markets, Utilities
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