EEDG News Energy Edge Technologies Commences Opera
Post# of 144481
EEDG News Energy Edge Technologies Commences Operations as a Public Holding Company
2012-07-09 08:38 ET - News Release
FT LAUDERDALE, Fla., July 9, 2012 /PRNewswire/ -- Dr. Benjamin Chavis, Spokesperson for Energy Edge Technologies Corporation (OTC: EEDG), has just released the following statement:
"To further accommodate the acquisitions and partnerships the Company has recently executed, as well as those that are currently pending, Energy Edge Technologies has implemented a comprehensive restructuring that will greatly enhance our accounting and operational efficiencies. The central component of this strategy is EEDG becoming a public holding company with ownership and management of two subsidiaries and a partnership.
Over the past six weeks EEDG has entered into a non-dilutive Merger Agreement with Trillacorpe Construction making Trillacorpe our first subsidiary, and an exclusive profit-sharing Partnership Agreement with Drinkable Air. Today I am pleased to announce that the former core energy efficiency business of EEDG will operate as our second subsidiary, under the name Energy Edge Solutions, LLC.
The decision to operate EEDG as a holding company allows for the realization of operational economies and efficiencies at every level while streamlining the process for future acquisitions, mergers, and partnerships. Our new structure also heightens our ability to assemble a world class management team that can focus squarely on the maximization of our various assets. We are currently contemplating the formation of a new subsidiary to implement and manage our 'Africa Initiative', along with other enterprises related to our flourishing partnership with Drinkable Air. We will be releasing relevant details as they come to fruition
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