Atlantic Energy Solutions Accepts $10 Million Term Sheet from Trafalgar Capital
Oct 28, 2008 09:12:01 (ET)
SARATOGA SPRINGS, N.Y., Oct 28, 2008 (BUSINESS WIRE) -- Atlantic Energy Solutions, Inc. (AESO, Trade ) is pleased to announce that that they have entered into a term sheet with Trafalgar Capital Specialized Investment Fund, a Luxembourg based company that specializes in working with small cap companies in helping them achieve their growth objectives.
Trafalgar is committing up to $10,000,000 over a two year period with initial funding of $2,500,000 to Atlantic Energy Solutions to support the Company's growth initiatives, such as new energy projects for schools, health care facilities, manufacturing and other related commercial facilities. This commitment will enable Atlantic Energy Solutions to draw upon the financial resources of Trafalgar based upon key financial performance objectives of the Company.
Atlantic Energy Solutions' projects currently involve the deployment of state-of-the-art "green" technology in solar power, wind turbine plants, co-generation plants and geothermal as well as traditional energy efficiency opportunities which are some of the key building blocks to the Company's future. Atlantic Energy Solutions will continue with its current successes gained from its ESCO business model approach in the market with performance guarantees and other purchase power agreement prospects.
Atlantic Energy Solutions CEO Timothy Brock said, "We are delighted to have earned this confidence. This important financial commitment from Trafalgar will further expand our future growth and development beyond our expectations." |
