Equisol Signs Letter of Intent to Acquire Tower Turbines, Inc.
March 09 2011 - 10:26AM
Marketwired
Equisol LLC, a wholly-owned subsidiary of Environmental
Infrastructure Holdings (OTCBB: EIHC), which is the parent company
of various environmental manufacturing, engineering and services
companies, announced that it signed a letter of intent to purchase
100% of the stock of Tower Turbines, Inc.
Tower Turbines is focused on providing renewable, green power
generation by developing and commercializing patentable processes
using currently available technologies to capture energy from water
flow in existing and new water towers. Their target market
initially consists of 1750 water towers with an anticipated revenue
generation of $250,000 per tower per year.
Kurt Given, Equisol's CEO, states, "We look forward to applying
Equisol's service and installation expertise and capabilities to
accelerate Tower Turbine's technologies commercialization plans and
allow us to enter the renewable energy market."
The transaction is planned to close by June 1st once required
funding is completed.
About Environmental Infrastructure Holdings
Corp. Environmental Infrastructure Holdings (EIHC) is the
parent company of diverse environmental manufacturing, engineering
and services companies. Currently, EIHC has two subsidiaries
Equisol, LLC and Xiom Corp. as well as investments in various joint
ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing
private environmental services company in America, Equisol, LLC, is
a unique equipment solutions provider specializing in the water and
wastewater industry. Its team of top-rated engineers specializes in
automation equipment and services across multiple industries where
water use and automation are important.
Xiom Corp. is a technology company focused on the delivery of
plastic powder coatings at on-site locations utilizing its
proprietary XIOM 1000 System. The Company's unique coating process
can be applied without use of an oven to cure the coating, and can
be applied to most substrates in addition to the metal substrate to
which powder coatings are traditionally applied in a factory.
Forward-Looking Statements This press
release contains forward-looking statements, which represent the
Company's expectations or beliefs, including, but not limited to,
statements concerning plans, acquisitions, new product development,
growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may,
will, expect, anticipate, intend, could, estimate, or continue or
the negative or other variations thereof or comparable terminology.
Any statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's
control, and actual results. Readers should carefully review the
risk factors described in other documents the Company files from
time to time with the Securities and Exchange Commission, including
the Company's Annual Report on Form 10-K for the year ended
December 31, 2009, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K.
Investor Contact: EQUISOL, LLC 866-629-7656
www.equisolgroup.com
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