Integrated Energy Solutions Enters into Letter of Intent with GreenLine Systems, Inc.
05 Agosto 2015 - 3:30PM
Access Wire
NESCONSET, NY / ACCESSWIRE / August 5, 2015 /
Integrated Energy Solutions, Inc. (PINKSHEETS: "IENG") (the
"Company" or "Integrated Energy" or "IES")
(www.Integrated-Energy.co), a fully integrated large and small
format downstream oil marketer as well as waste oil collector,
value-adding recycler and re-distributor, announces that it
has entered into a Letter of Intent with GreenLine Systems, Inc, of
Dolton, Illinois.
Integrated has agreed to enter into a transaction with GreenLine
Systems, Inc., to either sell to either substantially all of the
assets, including Patten Energy Enterprises and Atlantic-Pacific,
LLC and/or take controlling interest of the Company for an amount
to be negotiated and subject to the acceptance of terms of the
secured creditors of Integrated and Patten Energy Enterprises, Inc.
The operations of Atlantic-Pacific, LLC., are to be consolidated
with the operations of Patten Energy Enterprises of Illinois.
The Company stated, "This is the finalization of a long process,
and will culminate with an increase of the value of the Company as
a whole."
The due diligence process will continue and the anticipated
closing is currently scheduled for on or before September 30,
2015.
While the Company is aware that the filing delay of our periodic
reports are a source of concern and after further recent
discussions with our professionals, we have been made aware by them
that it is their intention to have the late filings completed and
filed by the middle of August, and that the second quarter report
will be filed shortly thereafter. We are working diligently to
bring the Company current in all filings by that time.
ABOUT INTEGRATED ENERGY SOLUTIONS
Integrated Energy Solutions Inc., a publicly traded SEC
reporting Company on OTC Markets Exchange under the symbol (IENG),
is a fully integrated large and small format downstream oil
marketer, as well as waste oil collector, value-adding recycler and
re-distributor. Through its three wholly owned subsidiaries, Patten
Energy Enterprises Inc., Atlantic Pacific LLC and AP Lubes Inc. the
company seeks to expand the regional businesses of each to other
states where respective Company subsidiaries operate to vertically
integrate, cost-share and generate new revenues from within the
existing Company "ecosystem."
ABOUT GREENLINE SYSTEMS, INC.
GreenLine Systems, Inc. "GLS", is a privately owned, fully
integrated industrial and liquid waste management company. GLS is
currently and actively engaged in the collection, transport and
treatment and processing of industrial and liquid waste water. Some
byproducts (waste water oil and water) of which are then separated,
reprocessed and either converted to energy or sold back into the
market place.
FORWARD LOOKING STATEMENTS
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking
statements. You should not place undue reliance on forward-looking
statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond
our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects our current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future.
Contact:
Integrated Energy Solutions, Inc.
Ernest Remo, CEO
ernestremo@san.rr.com
SOURCE: Integrated Energy Solutions, Inc.
Grafico Azioni Patten Energy Solutions (CE) (USOTC:PTTN)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Patten Energy Solutions (CE) (USOTC:PTTN)
Storico
Da Feb 2024 a Feb 2025