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Pacific Blue Energy Corp. Looks to Global Accounting Firm for Tax Advice


News provided by

Pacific Blue Energy

Jun 03, 2010, 07:00 ET

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PHOENIX, June 3 /PRNewswire-FirstCall/ - Pacific Blue Energy Corp. (OTCBB: PBEC), a publicly traded developer of renewable energy projects, has started the process of identifying and hiring a top four accounting firm to provide the company with tax, consulting and financial advisory services. The lead firm that the company has identified brings world-class experience to companies in the renewable energy sector. The name of that company will be announced as soon as the final decision has been made.

"We are putting power behind Pacific Blue with what many industry trade publications call a powerhouse advisory firm," says Joel Franklin, CEO of PBEC. "As we continue to build our foundation of becoming a leading provider of renewable energy in the Southwest and beyond, PBEC needs an accounting firm that understands the needs of an emerging, renewable energy company like ours."

PBEC is looking to its accounting firm for advice and counseling on how tax incentives and credits might impact pending and potential new energy projects. Also, that accounting firm should help the company pair it with key connections to clients and contacts that will support the company's growth plans.

"We are excited about this development because it represents yet another step in our evolution and the maturation of this company into a full-fledged and top-rated energy provider," Franklin said. "As this process continues, we will provide further updates on this unique and important relationship - one that we think will propel Pacific Blue to the next level."

About Pacific Blue Energy Corp.

Pacific Blue Energy Corp. (PBEC) is a publicly traded solar energy company that seeks to build and manage large renewable energy projects. PBEC's goal is to maximize shareholder value through select property acquisition, timely renewable energy facility construction and informed management of those projects. Headquartered in Arizona, one of the prime solar energy markets in the United States, PBEC is positioned to take advantage of technological advances that will drive the coming surge in the U.S. solar generated electricity market.

Safe Harbor for Forward-Looking Statements

Statements that are not statements of historical or current fact constitute "forward-looking statements." Such statements can often be identified by use of words such as "believe," "expect," "estimate," "intend," "anticipate," "plan," to be uncertain and forward-looking. Forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause our actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) future financial results and financing requirements; (ii) our ability to control and manage our growth; (iii) the effectiveness, profitability, and marketability of our current and prospective products and services; (iv) our ability to protect proprietary information; (v), the impact of current, pending, or future legislation and regulation on our industry; and (vi) the impact of competitive products, services, pricing or technological changes. Additional risks and forward-looking statements are set forth from time to time in our filings with the United States Securities and Exchange Commission, including our Annual Reports on Form 10-K and our quarterly reports on form 10-Q, which are available on the Commission's website at www.sec.gov. All forward-looking statements included are made as of the date of this information, and we assume no obligation to update any such forward-looking statements.

SOURCE Pacific Blue Energy

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