PacWest Equities, Inc. Secures 50 Million USD Financing Commitment From Euro Brazil Investments, SA in Exchange for a Minorit...
September 12 2013 - 10:02AM
Marketwired
PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today that it
had secured a commitment for 50 Million USD in financing from Euro
Brazil Investments, SA of Luxembourg City, Luxembourg. Euro Brazil
Investments, registered through the Brazilian Central Bank, will
receive a minority interest in exchange for its investment in
PacWest Equities, Inc., which plans to bring its recently acquired
Solar Line of CIGS Manufacturing Technology and its proprietary
Intellectual Property to Brazil.
The technology, which cost over $100 Million to develop, with
$67 Million going to Research and Development, $12 Million to build
the prototype line, and $27 Million going to the actual production
line now in physical possession of PacWest Equities, Inc.,
addresses the construction market's need to replace typical tinted
window panes in high-rise buildings with Solar Glass Panels that
generate electricity at the same time as functioning as a window, a
skylight, or any other type of building cover. This technology is
designed to integrate with other technologies in the building
market, but at the same time opening up huge surface areas for
Solar Generation that previously were tinted, coated, and usually
curtained in an attempt to stop the transfer of heat and energy
drain.
About PacWest Equities, Inc.
PacWest Equities, Inc. specializes in working with under
performing companies and bringing together the resources needed for
them to attain financial stability and growth. Our focus is on
recession proof industries such as food and energy production
showing a positive upside while struggling to bring new
bio-technologies and unique products to market.
About Euro Brazil Investments, SA
Euro Brazil Investments SA is a company incorporated in the
Grand Duchy of Luxembourg, specializing in the acquisition and
application of foreign investments in Brazil. Consisting of
Brazilian investors interested in investing resources in the
development of visionary companies, Euro Brazil acts with special
attention to the application of financial resources and the results
generated for both the company and for Brazilian society.
Safe Harbor
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.The
words or phrases "would be," "would allow," "intends to'" "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
CONTACT: Media Relations Email Contact
www.pacwestequities.net
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