Atlantic Energy Solutions Announces Cooperative Marketing Agreement With York Financial Group
January 27 2009 - 9:15AM
Marketwired
Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) announced today
that they have entered into a Cooperative Marketing Agreement with
York Financial Group. Atlantic Energy and York Financial have
formed a strategic marketing partnership to help position
themselves as innovators in the emerging energy performance project
marketplace. The alliance was created to allow the companies to
better utilize their proven technologies and expertise to help
bring increased energy efficiencies through the use of new systems
and equipment designed to lower energy costs and increase property
values in homes.
In October 2008, the Department of Housing and Urban Development
(HUD) moved forward with a plan which includes the delivery of an
unprecedented blend of public and private money cemented by grants
to support the stimulus bill of the new administration. The HUD
funds are targeted to help provide relief for communities that have
been negatively impacted by the housing crisis by providing the
resources needed to rehabilitate bank owned properties. The energy
efficiencies realized using solar power, efficient heating and
cooling systems, and other home improvements should help these
communities bring much needed stabilization to their real estate
markets.
The grants are part of Congress' July 30 Housing and Economic
Recovery Act that set out $4 billion to rehabilitate foreclosed,
vacant and abandoned properties through the emergency Neighborhood
Stabilization Program (NSP). Regions hardest hit by the foreclosure
crisis should receive the most assistance. Congress is hoping the
grants will alleviate some of the "blight" caused by abandoned
homes left in disrepair, thereby stabilizing the downward price
spiral.
York Financial Group will contract with select local Community
Development leaders to administer NSP grants. Their goal is to
oversee the non-profit interests that receive the grants and advise
them regarding the overall tasks of sourcing, acquiring, improving
and reselling the foreclosures. Atlantic Energy will provide energy
audit services on all acquired homes, including design, finance and
construction oversight for the installation of comprehensive energy
efficient improvements. The York/Atlantic partnership will help
provide newly remodeled and uniquely energy efficient homes to
qualified buyers who meet HUD income guidelines.
Atlantic Energy's CEO, Tim Brock, stated, "We welcome the
opportunity to be part of the solution to a very difficult problem.
Atlantic is happy to help turn 'blight' into 'Green.' We think we
have a valuable service to offer these hard hit communities." Mr.
Brock further stated, "One in three homes that our Residential
Services Team works on will have solar PV Panels on its roof."
While designing the system to administer the grants on behalf of
recipient communities, York Financial Group principal Ken York
realized the NSP money could do more than had been typically
proposed. By matching public funds with private dollars derived
from commercial lines of credit, and by using the expertise of real
estate industry professionals, community development leaders could
greatly extend the reach of the grants to provide more benefits to
their regions.
"With the right implementation strategy, we believe we can
triple benefits to these communities," stated Ken York. "In short,
more money saves more homes, and input from real estate pros means
faster delivery and fewer mistakes. By working with professionals
like Atlantic Energy, we deliver energy efficient market-ready
homes with reduced energy costs to help homeowners lower their
bills, and in turn, make their mortgage easier to pay and providing
incentive for longer term home ownership."
For more information on the partnership or the Neighborhood
Stabilization Program, contact Ken York or visit
www.YorkFinancialGroup.com. For more information on energy audits
visit www.AtlanticEnergy.net. Services are available
nationwide.
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy
Efficiency and Resource Company and member of the National
Association of Energy Service Companies (NAESCO) (www.Naesco.org)
that identifies, implements, and finances energy efficiency
projects designed to improve the overall efficiency of energy,
water usage and renewable resources, reducing our dependency on
foreign oil and diminishing our carbon footprint. Headquartered in
Saratoga Springs, NY and with a satellite office in Fairfield, NJ,
Atlantic Energy Solutions assesses the energy demands and usages of
municipal, corporate and industrial complexes to improve
conservation and apply measures to bolster savings at the consumer
level.
About York Financial Group, Inc.
York Financial Group is a consulting and financial services
company providing technical assistance to Government and Non-Profit
agencies. Headquarters are in Winter Springs, Florida.
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Atlantic Energy Solutions, Inc., and
members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-looking statements include, but are not
limited to, fluctuation of operating results, the ability to
compete successfully and the ability to complete before-mentioned
transactions. The company undertakes no obligation to update or
revise any forward-looking statements.
CONTACT: Rich Inza ir@atlanticenergy.net 1-866-788-1600
www.atlanticenergy.net
Atlantic Energy Solutions (PK) (USOTC:AESO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Atlantic Energy Solutions (PK) (USOTC:AESO)
Historical Stock Chart
From Jul 2023 to Jul 2024