FT LAUDERDALE, Fla., July 9, 2012 /PRNewswire/ -- Dr. Benjamin Chavis, Spokesperson for Energy Edge Technologies Corporation (OTC: EEDG), has just released the following statement:
"To further accommodate the acquisitions and partnerships the Company has recently executed, as well as those that are currently pending, Energy Edge Technologies has implemented a comprehensive restructuring that will greatly enhance our accounting and operational efficiencies. The central component of this strategy is EEDG becoming a public holding company with ownership and management of two subsidiaries and a partnership.
Over the past six weeks EEDG has entered into a non-dilutive Merger Agreement with Trillacorpe Construction making Trillacorpe our first subsidiary, and an exclusive profit-sharing Partnership Agreement with Drinkable Air. Today I am pleased to announce that the former core energy efficiency business of EEDG will operate as our second subsidiary, under the name Energy Edge Solutions, LLC.
The decision to operate EEDG as a holding company allows for the realization of operational economies and efficiencies at every level while streamlining the process for future acquisitions, mergers, and partnerships. Our new structure also heightens our ability to assemble a world class management team that can focus squarely on the maximization of our various assets. We are currently contemplating the formation of a new subsidiary to implement and manage our 'Africa Initiative', along with other enterprises related to our flourishing partnership with Drinkable Air. We will be releasing relevant details as they come to fruition.
I am also pleased to announce that a new investor friendly website providing easy accessibility to up-to-the-minute Company information, news, events and videos will be launched in the coming days. The site contains links to all of our partners and subsidiaries as well as dynamic multi-media applications."
Media contact: Glen Calder (561)750-9800 x216; email@example.com
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 Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. 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