STL Marketing Group, Inc. (OTC: STLK) Receives Letter of Interest from Fuerza y Luz (CNFL)
December 24 2012 - 2:53PM
OTC Markets
FOR IMMEDIATE RELEASE:
STL
Marketing Group, Inc. (OTC: STLK) Receives Letter of Interest
from
Fuerza y Luz (CNFL)
Colorado Springs, CO—
(December 24th,
2012) – STL Marketing Group, Inc. (OTC: STLK) subsidiary, Versant
Corporation
has received a letter of interest from the prospective buyer,
Fuerza y Luz
(CNFL). Fuerza y Luz is Costa Rica’s the
largest non-ICE electric generator and distributor (although Grupo
ICE does own
a majority stake in the company). CNFL handles
the central valley, San Jose and its surrounding regions, which
account for approximately
40% of the country’s energy consumption and
distribution.
The letter, from CNFL’s
General
Manager states that “CNFL continues with its interest in a power
purchase
agreement with Versant…” that, “Versant has offered at least 137.5
GWh per year
in wind energy and CNFL accepts said energy…As discussed, the wind
energy price
offered by Versant is within the accepted range as established by
the
appropriate authorities and approved by ARESEP” and further states
that “We
hope to sign the contract with you at the earliest possible moment
(sometime in
the first quarter of 2013).”
CEO, Jose P. Quiros stated
that “We
are obviously very excited and pleased with this letter from
CNFL. This is a positive step for the Company and a
good indication that we can expect to be on track early next
year. This letter coincides with the recent
executive order issued by President Chinchilla, whereby she asks
that all power
companies buy energy from the least expensive providers, hopefully
renewable
and regardless of source. With this
significant milestone, we close 2012 and thank all of our
supporters and
investors. We do want to thank Versant’s
Chairman for his hard work and diligent effort with regards to this
letter.”
About STL Marketing
Group, Inc./ Versant Corporation
Versant Corporation is a
subsidiary of STL Marketing Group, Inc. and a Colorado based
renewable energy
company seeking to develop and operate renewable energy
projects. Its first proposed stage of development is
focused on wind energy facilities in Costa Rica. For more
information on STLK, please visit
our web site at www.STLmarketingGroup.com.
Media and Investor
Relations Contact
STL Marketing Group, Inc.
and
Versant Corporation
Phone
+1-719-219-5797
info@v3rsant.com
This news release
contains forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995.
Forward-looking
statements include statements concerning plan, objectives, goals,
strategies,
future events or performance, and underlying assumptions and other
statements
that are other than statements of historical facts. These
statements are
subject to uncertainties and risks including, but not limited to,
product and
service demand and acceptance, changes in technology, economic
conditions, the
impact of competition and pricing, government regulation, and other
risks
described in statements filed from time to time with the Securities
and
Exchange Commission. All such forward-looking statements whether
written or
oral, and whether made by or on behalf of the Company, are
expressly qualified
by the cautionary statements that may accompany the forward-looking
statements.
In addition, the Company disclaims any obligation to update any
forward-looking
statements to reflect events or circumstances after the date
hereof.