http://www.finanznachrichten.de/ext/goto.asp?id=10923762
May 28, 2008 10:43 ET
SolarBrook Water and Power Announces Joint Venture Agreement to Provide Expanded Service Offerings in Water Quality and Clean PowerHighlighted Links
Corporate WebsiteRALEIGH, NC--(Marketwire - May 28, 2008) -
SolarBrook Water and Power Corporation (PINKSHEETS: SWPC), a developer, manufacturer and marketer of water quality and clean power products, announced today that the company has entered into a joint venture agreement with Resource Management Technologies LLC (RMT) and Blueline Power, Inc. in order to expand its exposure within the water quality and alternative energy markets.
Blueline Power designs, installs and promotes commercial-scale clean energy systems, including solar, wind, biofuel, biomass, and sustainability projects. Resource Management Technologies (RMT) is a disabled veteran-owned company that specializes in providing products and services to public sector and governmental agencies.
SolarBrook, RMT and Blueline will form a separate entity organized under the applicable laws of the state of North Carolina, which will be called Convergent Energy. Convergent Energy will seek to leverage the established strategic partnerships of each member to create innovative project solutions for a growing client list.
Convergent Energy has been asked to provide a comprehensive proposal for the implementation of efficient water, energy and waste management solutions for a growing food processing facility in California.
George Moore, CEO of SolarBrook Water and Power Corporation, commented, "We are pleased to join this joint venture and work with team members to prepare a proposal including a total package for environmental and energy related needs of this customer. We expect to see sustained interest in the Convergent Energy solutions as the emphasis on water quality and clean power needs continue to grow."
About SolarBrook Water and Power Corporation
SolarBrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of SolarBrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. SolarBrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential.
For more information, please visit www.SolarBrook.com
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. -----------
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