Liberated Energy Executes Contract to Acquire EcoCab Portland, LLC and Settles Debts
September 20 2016 - 9:38AM
InvestorsHub NewsWire
SOUTHAMPTON, NJ – (Uptick Newswire – September 20, 2016)
– Liberated Energy Inc. (OTC
PINK: LIBED) is pleased to announce today that it
has finalized the contract to acquire EcoCab Portland,
LLC. The company has also paid out two hundred and eleven
thousand dollars to settle debts and liabilities over the past
week. Liberated has secured a more conventional credit facility to
fund its future operations based on its new revenues with
EcoCab.
EcoCab is the nation’s first employee-only zero emission taxi
company using luxury Teslas in Portland
Oregon. This is a modern, clean energy company that is
strategically positioned between taxi and town car for a new era of
customer expectation. In the vein of Uber, Lyft,
Gett, EcoCab utilizes a mobile smart phone
application for on-demand service. Unlike the others, they
specialize in non-emergency medical transportation.
Founded in July of 2015, EcoCab’ s employee base has increased
from 12 to over 70 + employees and operates a fleet of 32 vehicles
with 13 more on order. With a focus on the medical transportation
industry, it has quickly become the partner of choice for many
national medical organizations for the city of Portland alone.
“The company’s revenues have grown exponentially per month in
its first year, “stated Ron Knori, CEO of EcoCab. “We are currently
in discussions to launch the EcoCab brand across the United States,
utilizing our luxury electric zero emission vehicles with drivers
delivering 5-Star hospitality experiences while also reinventing
the medical transportation model to provide transportation to
millions of seniors and retiring baby boomers who require caring
respectful transportation.” Continued Mr. Knori.
“We are very excited to bring in such a fast growing and
innovated company to Liberated,” said Brian Conway, CEO. “it’s
incredibly relevant in today’s market and goes along with our focus
of reducing the carbon footprint on our planet. It’s a simple
model, more cars equal more revenue, more cities”
The acquisition is complete upon immediate financing for
additional vehicles.
About Liberated Energy Inc.
Liberated Energy Inc. is a diversified energy services holding
company delivering conventional as well as non-conventional energy
solutions throughout North America. For its customers, Liberated is
an energy products and services company reducing the everyday cost
of energy to its clients. For its shareholders, Liberated operates
and acquires a diverse array of energy products and service
companies with proven revenues and operations. Its mission is to be
the best small cap energy services company of its kind in North
America.
Safe Harbor for Forward-Looking
Statements: This press release may contain
forward-looking information. There are many factors that could
cause the Company’s expectations and beliefs about its operations,
its services and service offerings, its results to fail to
materialize. All forward-looking statements in this press release
are based on information available to us as of the date hereof, and
we assume no obligation to update these forward-looking
statements.
Contact:
Brian Conway
CEO
Liberated Energy Inc.
Phone: (845) 610-3817
http://liberatedenergyinc.com