NORTH LAS VEGAS, NV--(Marketwired - Nov 1, 2017) - Renewable Energy and Power, Inc. (
"Recently, the company's note holders have put a large number of shares into the market, driving down the share price," said company CEO Donald MacIntyre. "Obviously, this is not the direction we want our share price to be moving, and we are actively working to enter into new agreements that will better support our stock."
The company has consolidated two note holders into a single friendly note holder who is committed to the goal of long term growth of the company and will provide additional working capital to increase inventory levels and expand sales channels. The company's goal is to stop/slow down note conversions and the subsequent sale of new stock into the market by continuing to consolidate existing notes.
"When we have more definitive information, we will issue a news release and put it up on our social media," said Mr. MacIntyre.
Renewable Energy and Power, Inc.'s website, www.reappower.com , illustrates the important services and products Renewable Energy and Power, Inc. (REAP) provides to the Green Energy market to make it competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind-power electric generation and LED lighting. REAP functions in both domestic and international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including many tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by REAP.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
For information: info@reappower.com Phn: 702-685-9524 www.reappower.com
