Announces that the Board of Directors of EPR has Approved the signing of a Letter of Intent with Energía Renovable Versant SRL
STL Marketing Group, Inc. (OTC: STLK) Announces that the Board of Directors of EPR has Approved the signing of a Letter of Intent with Energía Renovable Versant SRL
Jun 21, 2013
OTC Disclosure & News Service
Colorado Springs, CO -
STL Marketing Group, Inc. (OTC: STLK) announces that the Board of Directors of the Empresa Propietaria de la Red, S.A. (EPR) has approved the execution of the drafted Letter of Intent with Energ?a Renovable Versant SRL , STLK?s wholly owned subsidiary. The Letter of Intent is to ?open? or interconnect the proposed wind farm to the Sistema de Interconexi?n El?ctrica de los Pa?ses de Am?rica Central (otherwise known as SIEPAC). The Board of Directors of EPR met this past week in San Salvador. The Company expects to sign the LOI early next week upon the return of EPR?s senior management to their offices in San Jose, Costa Rica.
?We are very pleased to have the Board of Directors of EPR agree to the Letter of Intent that was drafted earlier this month between us and EPR. While the proposed Power Purchase Agreement being negotiated envisions the transport, or interconnection, to be handled by the off-taker or buyer, this LOI allows us to undertake the interconnection study and other work necessary in order to design and build the sub-station for the project. We are grateful for the support we are receiving from EPR and recognize the regional implications of this proposed new substation. We have been working in conjunction with various groups and expect this to be a coordinated team effort between ourselves, the off-taker, Grupo ICE and EPR. This is a major milestone for the Company. We are the only non-government entity to receive such support from SIEPAC in Costa Rica,? said CEO, Jose P. Quiros.
About STL Marketing Group, Inc./ Versant Corporation
Versant Corporation is a subsidiary of STL Marketing Group, Inc. and a Colorado based company. It is developing a renewable energy project in Costa Rica. For more information on STLK, please visit our web site at www.STLmarketingGroup.com .
About La Empresa Propietaria de la Red (EPR)
The Empresa Propietaria de la Red (EPR), also known as the Empresa Propietaria de la L?nea de Transmisi?n El?ctrica S.A ., is a private company, whose shareholders are the Central America nations and their respective utility companies, operates under the Central American Electrical Market Treaty or ? Tratado Marco del Mercado El?ctrico de Am?rica Central ?. Each Central American government granted the required permissions, authorizations or concessions as its own laws required to allow EPR to build and commercialize the first regional interconnection system. EPR has built 99% of the 1785 km high tensions transmission line through Central America and the line is operational in those areas. For more on EPR, please visit their web site at: http://www.eprsiepac.com .
Media and Investor Relations Contact
STL Marketing Group, Inc. and Versant Corporation
Phone +1-719-219-5797
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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