RENU .0041RenuEn Corporation Announces Plans to Acquire

New Post Public Reply Private Reply Replies (1) Message Board

Jul 26, 2012 at 9:35 AM

RENU .0041RenuEn Corporation Announces Plans to Acquire Team Energy, Inc. 07/26 09:00 AM

NEW YORK, NY and ST. CLOUD, FL -- (MARKETWIRE) -- 07/26/12 -- RenuEn Corporation (RENU:$0.0037,$0.0007,23.33%) , a rapidly expanding renewable energy roll-up company focused on solar, wind and geothermal energy solutions, today announced that the Company has signed a Letter of Intent to acquire Team Energy, Inc., a developer of renewable energy projects based in St. Cloud, Florida. The non-binding Letter of Intent is the first step required in the acquisition process, which the companies expect to complete within the next month.
Team Energy has over 75 years experience in power project development and management, both domestically and internationally. Their unique focus on Landfill Compressed Natural Gas (CNG) as a commercial power vertical not only solves a major asset utilization issue for the respective municipality, but also functions as a viable source of clean power. Currently, landfills burn the accumulating gas by flaring, thereby wasting a valuable asset and increasing gas emissions. Team Energy can capture this gas and convert it into a usable power source, putting it back into the already existing gas pipelines.
James Scott, CEO of RenuEn (RENU:$0.0037,$0.0007,23.33%) , commented on the acquisition by saying, "I am very excited to bring in the incredible talent and resources of Team Energy. Their extensive history of completing large commercial power projects is the perfect fit for RenuEn (RENU:$0.0037,$0.0007,23.33%) , and will allow us to continue our exponential growth. The size and scope of some of Team Energy's projects are truly amazing, and will solidify our position as the 'go-to' company for any power project."
"Over the past months, we have been purposefully silent on all corporate matters while we sought out the perfect candidate for this acquisition. I am pleased that our tenacity has been rewarded with an acquisition of this magnitude, and to announce that this 'blackout' period is over," Mr. Scott went on to say. "We will be bringing our financials up to date and communicating frequently with our shareholders, who we value greatly. There are many important power projects that Team Energy will be bringing to RenuEn (RENU:$0.0037,$0.0007,23.33%) , and we are committed to keeping open and frequent communication with our shareholders and the investment community as developments are made."
Don Wood, CEO of Team Energy, stated, "Joining with RenuEn (RENU:$0.0037,$0.0007,23.33%) allows us as a private company to achieve scale in a compressed time frame; that due to our growth prospects, we felt needed to happen. James and the RenuEn (RENU:$0.0037,$0.0007,23.33%) team have a policy strength that is vital in the renewable sector that frankly, we do not have. The fit is mutually beneficial and we are very excited to bring all that we have together with RenuEn (RENU:$0.0037,$0.0007,23.33%) ."
The Terms of the acquisition will be disclosed at the closing of the agreement.
For more information regarding Team Energy, Inc., please visit: www.teamenergy-inc.com
About RenuEn Corporation (RENU:$0.0037,$0.0007,23.33%)
RenuEn Corporation (RENU:$0.0037,$0.0007,23.33%) focuses on Geothermal, Wind and Solar Energy Systems sales and installation for the residential, commercial and governmental market place enhanced with a keen eye toward Economic Think Tank Participation specific to the Renewable Energy Industry. Our goal is to be the premier gateway to the renewable energy market for both technology developers and consumer solutions while providing leadership to an expansive and rapidly growing yet simultaneously fragile industry. For more information regarding RenuEn Corporation (RENU:$0.0037,$0.0007,23.33%) , please visit: www.renuen.com
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

Renuen Corp. (RENU) Stock Research Links

RENU Board Company Profile Buy Rating Time & Sales News Filings Financials

I ONLY POST WHAT I PLAY

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

First-Time Clermont Homebuyers Face Unexpected Hurdles

Welcome to the Wild Ride of Buying a Home! When folks step into the homebuying ring, especially in places like Clermont, Florida, they often don't realize how chaotic things can get. It's like being thrown into a boxing match without gloves. Brandie Mathison-Klein from the Mathison-Klein Group shines a light on this in a HelloNation piece, spilling the beans on what...

Hybrid Bonding Market Shooting to $2.45 Billion by 2033

Hybrid Bonding: The Future of Semiconductor Interconnects? Mark these words: Hybrid bonding isn't just another tech trend—it’s morphing into a billion-dollar juggernaut, my friend. With the latest numbers from MarketsandMarkets™, we see a potential leap from USD 0.38 billion in 2026 to a staggering USD 2.45 billion by 2033. We'll be seeing an eye-popping CAGR of...

Pine AI Unveils AI Studio & Real-World Call Feature

Push Your Expectations: Pine AI Takes the Stage Here's a twist in tech worth a double take. Pine AI is shaking up the AI world with a brash blend of video genius and actual chat capabilities. Somehow, merely weeks after setting the tech scene ablaze with its AI-focused computer, it's already rolling out new applications faster than hotcakes on a skillet. But let’s chew...

Sasol Names Stanley Subramoney as Audit Chair

By Dylan Bailey Updated Nov 13, 2026 Category News Views 183

Shifting Sands at Sasol's Audit Helm Ah, the boardroom dance continues. Sasol has just announced, loud and clear from Johannesburg, that Mr. Stanley Subramoney is stepping up as the new Chairman of their Audit Committee. This is no small shuffle in the deck. When it comes to keeping the books in check at big players like Sasol, you need a top-tier audit leader. Ain't no...

Timken Maintains Robust Dividend Streak in 2026

Timken Keeps Dividend Train Rolling You want to talk consistency? Timken Company just declared its quarterly dividend like clockwork. As a stockholder, that might just be your morning coffee fix before anything else. Notably, Timken's been on the NYSE since 1922, having cranked out 418 consecutive dividend payouts. That's like your grandpa never missing a Sunday golf...

IM Cannabis's Third Quarter Financial Jolt

IM Cannabis Takes a Hit, But Seeks New Angles Diving into IM Cannabis's (NASDAQ: IMCC) latest financial splash is like reading a weathered old map of the stock market. The third quarter of 2026 wasn't kind to this little cannabis outfit. Revenues have nosedived to C$1.65 million from last year's C$5.08 million. It's not just the typical bad quarter blues; it's a solid...

TIGR Investors Eye Class Action Amid Legal Woes

A Legal Storm Brews Over UP Fintech When it rains, it pours, and for UP Fintech Holding Limited, the sky's looking pretty stormy. Investors who jumped on the NASDAQ:TIGR bandwagon between April 2024 and June 2026 are finding themselves at the center of a nasty legal maelstrom. The allegations? Well, they're explosive, hinting at a pattern of unlicensed cross-border...

CVRx Faces Legal Storm: Investors Grapple with Fallout

CVRx in the Crosshairs: Legal and Operational Woes There's a storm brewing over at CVRx, Inc. (NASDAQ: CVRX), and it's pulling investors down a hell of a financial rabbit hole. You might think you're in the clear with a company like CVRx that boasts approved devices, but think again. Recent revelations have shown that even those with FDA stamps aren't immune to the...

Finding the Right Auto Insurance: What to Consider

Understanding the Basics of Auto Insurance Coverage Now, you might think the state knows best when it sets those minimum auto insurance requirements. But let's not kid ourselves—skimping on coverage can leave you high and dry if things go south on the road. That's where an expert voice like Corey Frazer's comes in, laying out why those limits often fall short. Minimum...

Class Action Looms Over The Chemours Company

By Hannah Lewis Updated Nov 13, 2026 Category News Views 126

Chemours Under Fire: What’s Happening? Here we are, in the thick of a legal storm surrounding The Chemours Company. A class-action lawsuit is underway, and it’s painting the company in a rather unflattering light. Now, if you snagged some of that NYSE:CC action between February 20, 2026, and August 4, 2026, there's a chance you’re caught in the crossfire. Per the...