TEL-AVIV, Israel, April 10, 2014 /PRNewswire/ -- Ellomay
Capital Ltd. (NYSE MKT: ELLO; TASE: ELOM), ("Ellomay" or "the
Company") an emerging operator in the renewable energy and energy
infrastructure sector today announced that it has retained MZ Group
as its investor relations advisor. MZ Group will assist Ellomay
with designing and executing a comprehensive investor relations
program, with an emphasis on investor outreach and brand awareness,
particularly in North America.
Mr. Ran Fridrich, Chief Executive Officer of Ellomay, explained,
"As Ellomay continues to execute our business strategy with our
diversified energy asset base and expanding international
footprint, we felt it was time to more actively engage our investor
audience utilizing the depth and experience of MZ Group behind us.
We currently own several solar PV plants in Italy and Spain and a minority interest in Israel's largest private natural gas power
station - Dorad. We are excited to have the support of the MZ team
to keep investors apprised of our accomplishments."
Matt Hayden, Chairman for MZ
North America, said, "Ellomay is a great company backed by a strong
management team. They have built an impressive portfolio of
assets that have already started to produce revenues. Once Dorad
comes online, the Company will generate significant positive cash
flows that are locked into long term contracts. We are looking
forward to getting their exciting growth story out to
investors."
About Ellomay Capital Ltd.
Ellomay is an Israeli based company whose shares are registered
with the NYSE MKT, under the trading symbol "ELLO" and with the Tel
Aviv Stock Exchange under the trading symbol "ELOM." Since
2009, Ellomay Capital focuses its business in the energy and
infrastructure sectors worldwide. Ellomay (formerly Nur
Macroprinters Ltd.) previously was a supplier of wide format and
super-wide format digital printing systems and related products
worldwide, and sold this business to Hewlett-Packard Company during
2008 for more than $100 million.
To date, Ellomay has evaluated numerous opportunities and
invested significant funds in the renewable, clean energy and
natural resources industries in Israel, Italy
and Spain, including:
- Approx. 22.6 MW of photovoltaic power plants in
Italy and 85% of 2.3 MW of
photovoltaic power plant in Spain;
- 7.5% indirect interest, with an option to increase its holdings
to approximately 9.375%, in Dorad Energy Ltd. Israel's largest private power plant, which
will produce approximately 800 MW, representing about 8% of
Israel's total current electricity
consumption;
Ellomay Capital is controlled by Mr. Shlomo Nehama, Mr. Hemi
Raphael and Mr. Ran Fridrich.
Mr. Nehama is one of Israel's
prominent businessmen and the former Chairman of Israel's leading bank, Bank Hapohalim, and
Messrs. Raphael and Fridrich both have vast experience in financial
and industrial businesses. These controlling shareholders, along
with Ellomay's dedicated professional management, accumulated
extensive experience in recognizing suitable business opportunities
worldwide.
The expertise of Ellomay's controlling shareholders and management
enables the company to access the capital markets, as well as
assemble global institutional investors and other potential
partners. As a result, Ellomay is capable of considering
significant and complex transactions, beyond its immediate
financial resources. For more information about Ellomay, visit
www.ellomay.com.
About MZ Group
MZ Group, subsidiary of @titude Global, a multinational company
and the world's largest independent global investor relations
consulting firm, provides investor relations, corporate
communications, market intelligence, corporate governance and
technology products and services. Founded in 1999, MZ Group focuses
on innovation and personalized services, supported by its exclusive
"one-stop-shop" business model. With offices in Sao Paulo, New
York, Chicago, San Diego, Vancouver, Hong
Kong, Beijing, Shanghai, Taipei and Mumbai, MZ has approximately 350 professionals
who serve over 580 clients in 12 countries. For more information,
please visit www.mzgroup.com.
Contact:
Investor Relations:
MZ North America
Dustin Salem, Senior Vice
President
Tel: +1-949-259-4998
Email: dustin.salem@mzgroup.us
Web: www.mzgroup.us
SOURCE Ellomay Capital Ltd.