Energy Edge Signs Merger Agreement with Trillacorpe
BRIDGEWATER, N.J., June 1, 2012 /PRNewswire/ -- Energy Edge Technologies Corporation (OTC: EEDG) has announced the signing of a non-dilutive Merger Agreement with Trillacorpe/BK, LLC dba Trillacorpe Construction, one of the most successful Service Disabled Veteran Owned Businesses (SDVOB) in America. Energy Edge and Trillacorpe have been working closely for the past seven months and the signing of this Agreement allows the two companies to further define and finalize their relationship. The final terms and conditions of the merger will be disclosed immediately after closing which is expected to take place in 45-90 days.
Trillacorpe Construction is a decorated government contractor focused on green construction projects, with an emphasis on energy conservation and eco-smart building technology. The Company maintains offices in six states plus Washington, D.C and achieved sales of $13.6 million in 2011. Trillacorpe was ranked #23 in the 2011 Inc. Magazine's "Inc. 500 Annual Ranking of America's Fastest Growing Private Companies" and was ranked #3 in the Government Services Sector and #1 in the State of Michigan. www.trillacorpeconstruction.com
Trillacorpe has been the recipient of numerous honors and awards including the coveted Nunn-Perry Award (Department of Defense), Veteran Business Champion of the Year (SBA), Blue Ribbon Award (US Chamber of Commerce), and Veteran Employer of the Year (American Legion) for outstanding achievement regarding its training, mentoring, and re-employing of US Veterans. The Company's founder and "75th Regiment 2010 Ranger of the Year",Frank Campanaro, is also the co-founder of VetPower.org, a non-profit charity whose "Investing in Veterans" mission was funded from the outset by Energy Edge. www.vetpower.org
"Trillacorpe is a strong and disciplined company run by an amazing team of leaders," stated Robert Holdsworth, President of Energy Edge. "A merger between our two organizations represents an incredible opportunity for Energy Edge to exponentially expand to the lasting benefit of our shareholders and customers."
Trillacorpe's powerful network of top-level military and political contacts, along with its seasoned and highly skilled military management team, has created a stellar performance record, highlighted by a solid 110% annualized growth rate. "The Energy Edge merger will be a giant step forward for all aspects of our business," said Frank Campanaro. "We will immediately focus on building national veteran distributorship networks with many of our corporate partners, based on the model recently created by Drinkable Air, Energy Edge and VetPower.org. As an SDVOB, we're now poised to fully capitalize on our unique position in the public marketplace."
"I believe this is a spectacular move for Energy Edge and our shareholders," said Dr. Benjamin Chavis, Chairman of EEDG's Advisory Board. "This timely merger opens the door for the Company to potentially access billions of dollars of new contracts and funds. I look forward to working with Frank and his fearless team of battle tested veterans as we explore a whole new world of opportunities."
The Company has scheduled a 30min podcast for 9AM Tuesday, June 12th. Dr. Benjamin Chavis, Frank Campanaro and Robert Holdsworth will spend the half hour interacting with all interested parties. A "merger update" will be provided including details regarding the 100% non-dilutive structure of the deal.
Energy Edge (EEDG.OB) provides "whole facility" energy efficiency projects for both new construction and existing buildings. www.energyEEDG.com
Forward Looking Statements
This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
SOURCE Energy Edge Technologies Corporation