Is this the OTCMarkets paperwork that needed to be
Post# of 716
Is this the OTCMarkets paperwork that needed to be filed to be current again? Lots of interesting stuff in it: https://www.otciq.com/otciq/ajax/showFinancia...f?id=98141
The problem Team Energy is solving involves the dependence this country has on foreign oil. Our solution is to convert methane from landfills into compressed natural gas to run trucks or cars. With the price of gasoline and diesel rising so dramatically in the past few years, the time has come for us to use renewable energy from domestic sources. The CNG can be used to reduce a fleet operator’s fuel expense by as much as 50%.
Renuen and Team Energy lease their office space from the University of Central Florida. Team Energy, a Renuen subsidiary, was one of the inaugural tenants in the UCF St. Cloud Incubator Program. The goal of the UCF Business Incubation Program (UCFBIP) and its community partners is to facilitate smarter, faster startup and growth of emerging companies so those companies will become financially successful, high growth companies in the community.Team Energy has a lease with the City of St. Cloud in Florida for the construction of a waste to energy plant to be located
at their landfill. The equipment for the project will be financed through a loan. The terms of the loan is four years at an 8% interest rate. Team Energy also has a contract with the City of St. Cloud to extract the methane from the closed landfill. The methane extracted will be processed and cleaned for use a a fuel, CNG, to run vehicles. There are miscellaneous office equipment and furniture used in the day to day operations