Atlantic Energy Solutions Closes on $10 Million Transaction With Trafalgar Capital
Monday November 10, 10:24 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Nov 10, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce that that they have closed on their transaction 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 has committed up to $10,000,000 over a two-year period with the initial funding of $2,500,000 provided to Atlantic Energy Solutions in support of the Company's growth initiatives.
In being able to draw upon the financial resources of Trafalgar, Atlantic Energy Solutions is poised to deliver on new projects involving 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, a nationally accredited ESCO, is providing performance guarantees and other purchase power agreements in schools and other public facilities from Maine to Florida with values equaling nearly $50m in new green technology design, construction, operations, and maintenance.
Atlantic Energy Solutions CEO Timothy Brock said, "We are pleased in completing this funding round with Trafalgar and look forward to meeting the objectives of both our clients and business in creating greater shareholder value." |
