LAS VEGAS, March 7, 2011 /PRNewswire/ -- Here Enterprises, Inc. (Pink Sheets: HRTE), a growing developer of clean wind energy, has entered into direct negotiations to acquire a Texas-based solar energy company. Here Enterprises recently announced completion of the first phase of construction at its Cycle Ranch wind energy project near San Antonio, Texas. The Company is diversifying its renewable energy strategy, adding solar power to its wind energy development efforts.
Here Enterprises is in talks to acquire a solar power equipment and project development business based in Texas. Here Enterprises intends to acquire the solar company to accelerate the Company's expansion into the thriving solar power sector which, according to the U.S. Department of Energy, grew 44% last year (Energy Information Administration, "Electric Power Monthly", February 2011).
Mark Ryun, CEO of Here Enterprises, commented: "We view the acquisition of a growing solar energy company as a way to fast track our entry into the vibrant solar photovoltaic market, where demand for solar power continues to climb exponentially. We are proud to be part of the renewable energy solution and believe that combining solar with wind energy will enable Here Enterprises to maximize Company growth, shareholder value and clean energy generation."
Here Enterprises is developing a wind farm in Floresville, Texas near San Antonio. The Company's newly acquired Cycle Ranch project hosts an established motocross speedway with ongoing revenue as well as ample acreage and exposure for both solar and wind power facilities.
About Here Enterprises, Inc. (HRTE.PK)
Here Enterprises is a developer of wind power, our nation's fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HRTE has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect HRTE's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the HRTE's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HRTE undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.
SOURCE Here Enterprises, Inc.