PALM SPRINGS, Calif., Dec. 9, 2011 /PRNewswire/ -- Attune RTD (OTCBB: AURT) is proud to announce that it has preliminarily agreed to purchase a 30,000 square foot building to be Attune's new corporate headquarters, relocating to Childress, Texas. The terms and conditions of the sale are contingent upon an "LOI" being negotiated with the CEDC. PAMCO, the seller, has accepted the agreement and management expects to close on the property in the next 60 days. Shawn Davis, C.E.O commented, "Attune has been quiet, but rest assured we are working hard to grow the business, that's our focus, execution is everything. These new facilities are turnkey and designed to accommodate growth; we have great plans for the new facilities, stay tuned." Thomas Bianco, C.F.O commented, "We increased working space by 2,207% at a cost increase of only 7.5%, obtained favorable financing and logistically it's a great location for our purpose; it makes good economic sense right now. We are planning activity in the new facilities to generate sales by end of February 2012."
About Attune RTD
Attune's first to market product, The BrioWave 175p, has the ability to control large electrical loads, communicate with the smart meter through its ZigBee Wi-Fi radio and deliver up to the minute time critical information to utilities that rely on a constant flow of real time data for business sensitive decisions, resulting in consumer savings of 40-60% in energy consumption. Attune's consumer facing Graphical User Interface (GUI) in the cloud is the beginning of the consumer experience, allowing users to leverage best practices to save energy and reduce costs. Attune's utility facing GUI provides real-time data, predictive business intelligence, analytical tools and dashboards of Key Performance Indicators that can potentially save participating utility providers millions of dollars annually. Attune RTD's flagship product, The BrioWave 175p™, is a low cost, scalable, interoperable platform intended to be an essential part of the smart grid infrastructure. For more information, please visit http://www.attunertd.com
Legal Disclaimer
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies, and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
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Attune RTD |
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Investor Relations |
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760-323-0233 |
SOURCE Attune RTD
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