EEDG News Energy Edge to Acquire International

MIAMI , Aug. 6, 2012 /PRNewswire/ -- Energy Edge Technologies Corp (OTC: EEDG) has announced the signing of an Agreement to acquire 51% of International Properties, Inc. ("IPI"), the owner/developer of Saddlebrook River Estates. The acquisition is for stock only and will be completed utilizing shares of EEDG insiders, making it non-dilutive to all other EEDG shareholders. The Agreement is subject to a 45 day due diligence period and the completion of a PCAOB audit for IPI.

Saddlebrook River Estates is Tennessee 's newest active adult community (for individuals age 55 or older) offering quality factory-built homes on oversized home sites. Saddlebrook employs a "Green" construction process which greatly speeds up build-out time while significantly reducing environmental impact. Saddlebrook also utilizes Energy Star windows, appliances and fixtures in every home. The net result is that fewer resources are consumed and less waste is generated during the construction process, and owners enjoy the benefits of a home using less energy and natural resources at a lower purchase price.

According to USA Today and Rand McNally , Tennessee is one of the fastest growing retirement destinations in the country, primarily due to its natural beauty, year round climate, and low cost of living, highlighted by extremely low real estate taxes, even lower homeowner insurance premiums, and no state income tax. Saddlebrook offers pre-construction pricing starting from $69,900 for a 3 bedroom, 2 bathroom home. Saddlebrook River Estates is comprised of 133 home sites, of which 33 have been presold with deposits to date. The sale of all 133 homes is projected to yield revenues exceeding $17 million with a gross profit of over $5 million . www.visitsaddlebrook.com