HLT Energies Inc. Announces the Restructuration of the European Subsidiary's Capital and a New Capital Injection in EkoWatt
October 28 2008 - 6:50AM
Marketwired
HLT Energies inc., ("HLT") (TSX VENTURE: HES), a leader in the
renewable and green energies is proud to announce the investment of
150 000 euros in its European subsidiary and the subsequent
investment of this amount into S.A. EkoWatt's capital.
Following an agreement in principal with European investors, HLT
has transferred the ownership of the shares of S.A. EkoWatt to its
subsidiary s.p.r.l. HLT Europe. The private investors have injected
an amount of 150 000 euros into HLT Europe's capital, in return for
a 49% ownership of HLT Europe. The 150 000 euros flowing from HLT
Europe into EkoWatt capital then allows HLT Europe to retain a 33
1/3 % share of EkoWatt.
HLT has agreed to purchase for 450 000 euros the 49% from the
investors no later than October 22nd 2010. If HLT fails to do so,
the investors will buy the 51% of HLT Europe for 450 000 euros.
From July 1st to mid September, EkoWatt has a backlog of more
than 4 250 000 euros in residential photovoltaic systems and it is
expected that most of the systems sold will be installed this
year.
Sales continue to progress well.
About HLT Energies
HLT Energies is a producer, operator and distributor of
renewable energy and renewable energy systems (wind, solar thermal
and photovoltaic) in accordance with the principles of sustainable
development. HLT Energies installs, operates, maintains and sells
systems of renewable energy to industrial, commercial and
institutional clients and also sells residential systems.
HLT has acquired an expertise in solar photovoltaic energy, as
well as an expertise in the management of various sources of
renewable energies, through its investment in Ekowatt s.a. and its
acquisition of the F.I.M.E.S. intellectual property.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: HLT Energies Inc. Gerald Desourdy President and Chief
Executive Officer 514-868-1111 (x 222) g.desourdy@hltenergies.com
HLT Energies Inc. Andre Audet Chairman of the Board of Directors
514-284-1004 aaudet@bromeinc.com
Hlt Energies (Tier2) (TSXV:HES)
Historical Stock Chart
From May 2024 to Jun 2024
Hlt Energies (Tier2) (TSXV:HES)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Hlt Energies (Tier2) (TSX Venture Exchange): 0 recent articles
More HLT Energies Inc. News Articles