Sunergy Management Attends Nigeria-America Business & Investment Summit (NAMEBIS) in Atlanta and Receives Invitations for...
August 14 2014 - 8:22AM
eTeligis
ATLANTA, GA(ETELIGIS INC.)
ATLANTA, GA, United States, via ETELIGIS INC., 08/14/2014 - -
Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY)
(PINKSHEETS: SNEY) announced today that Management representatives
attended the NAMEBIS Summit in Atlanta, Georgia last Thursday and
Friday and spent one on one quality time with Nigeria Government
Officials from the President to Ministers of Housing and Power and
senior Access Bank officials.
The theme of this Summit was Housing, Infrastructure and Power.
Follow up on Saturday resulted in requests for real proposals with
workable numbers for both Affordable Housing and Solar Power
Projects. Sunergy already has a joint venture partner to provide
affordable housing and is recently in formal discussions with a
substantial US based Solar Power provider to propose joint ventures
for Solar Power in West Africa. Management is now working on
current proposals for housing and Solar Power projects in
Nigeria.
Nigeria is a member nation in the Obama Power Africa Initiative
which has received $7 Billion US funding support for US industries
to provide power to Africa.We are working on a Joint Venture Solar
Power Initiative for Liberia which we have just initiated and are
working for a similar arrangement for solar development in Nigeria.
Liberia will progress at a slower pace, due to the Ebola Virus
interruption of normal business activities there, but Nigeria is
ready to advance to the next steps.
Nigeria has 167,000,000 population requiring at least 10,000
affordable housing units this year with a need going forward of
over 12,000,000 units over the next 5-10 years. It is important to
note that Nigeria's Constitution clearly spells out the State's
responsibility to provide adequate shelter for its citizens.Housing
opportunities range from small single family units to larger
apartment buildings, all of which, we and our partners can
accommodate. Through our building partners, we already have an
opportunity on the ground for a substantial housing development
with a major US Based oil company operating in Nigeria.
Our solar power approach is to propose the integration of solar
power installations at each and every hydro-electric installation
in place now and over the next 5 years. These installations will
require on site management as well, which our partners are capable
of providing.
Garrett Hale, President and CEO states, "Our ongoing
investigations and due diligence regarding affordable housing and
Solar Power operations in Africa have led us to this moment where
we demonstrate real solutions in these West African countries.
Unprecedented US support for US based companies to provide business
and trade solutions to African Governments and private business has
been the result of the US-African Business Summit held in
Washington, D.C. last week.The Namebis Summit in Atlanta came
directly from that springboard. In Nigeria, we have been invited,
on a priority basis, to engage in the formulation and completion of
solid business projects with the complete support of the US
Department of Commerce, Export-Import Bank, and other US government
support agencies."
Hale went on to say, "Our Mining activities have remained
uninterrupted to-date, and we have also been fortunate with the
ability to expand our operations and deploy our equipment, which
was in for winter repair. More information on mining activities
will be released shortly, but I am personally very excited about
our non-core business expansion and development opportunities at
this time. These operations could produce substantial sustainable
long term revenue for Sunergy and are not to be taken lightly."
More information on our various projects and financial condition
will be forthcoming.
About Sunergy:
Sunergy Inc. (OTC Pink: SNEY) (PINKSHEETS: SNEY), a Nevada
corporation, is a junior mining company headquartered in
Scottsdale, Arizona.The Company has made a transition from an
exploration only company to a company currently focused on
production and cash flow. We now have four dredges operating, 2 in
Sierra Leone and 2 in Liberia. An 8th dredge sits between the two
countries awaiting the most favorable deployment opportunity for
fast cash flow. In addition to our core mining activities, the
Company has used its considerable contacts earned over the past 4
years to develop non-mining partnerships and agency agreements with
major international businesses representing Airport Security and
Affordable Housing projects and Solar energy projects up to 250
megawatts, in the five West Africa Countries of Ghana, Sierra
Leone, Liberia, The Gambia and Senegal.For more information, please
visit www.sunergygold.com.
Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, any mineralization, development or
exploration of the Nyinahin and Pampana Mining Concessions or cash
flow from Liberian mining operations.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Company Contacts:
Garrett Hale
President, CEO
(707) 255-5836
garrett@sunergygold.com
garrettsvp@gmail.com
Investor Contacts:
CSIR Group, LLC.
(212)386-7082
investors@csirgroup.com
SOURCE: Sunergy
Inc.