BRIDGEWATER, N.J., May 11, 2012 /PRNewswire/ --
In a short span of time I've had multiple interactions with EEDG shareholders regarding the press release retraction we posted yesterday evening. Accordingly, I feel it's incumbent upon me to clarify and explain to everyone the events that transpired.
First and foremost, Energy Edge (OTC: EEDG) is 100% committed to moving into the residential energy market and to employing as many Veterans as possible through VetPower.org while doing so. Our concern with the press release, and the quotes and terms stated therein, was that it was approved by people within the 5 LINX organization who lacked the authority to do so. For that reason, we agreed it was best to simply retract the entire release and will move forward once the situation is fully corrected to everyone's satisfaction. We expect to issue a new press release in the coming days regarding our entry into what I believe will be a potentially explosive new market for our Company and for a large number of Veterans.
On a related note, some of the shareholders who contacted me also inquired about where the Company is heading. The answer is that we continue to build a strong sales pipeline and are now being regularly contacted by others in our industry exploring partnering opportunities. We are focused squarely on gaining new clients and forming additional strategic alliances as we aggressively pursue potential merger and acquisition opportunities.
As always, please feel free to contact us with any questions you may have.
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