RENU (RenuEn Corp.) has managed to breakout powerfully among other penny stocks today, after releasing a corporate update to shine a light on current operations and plans for the future going ahead. The news clearly sparked the interests of investors, as the stock currently sits up 42.86% on increased buying pressure after the announcement. This turn of events has significantly peaked the interest of
Penny Stock Dream, as we look to continue following along to see what the company may be releasing next. There is a great deal of possibility that further awareness to the growth of RENU could mean even faster growth for this fast moving penny stock. The press release containing today's corporate update from RENU, can be read in its entirety below:
RenuEn Corp Issues Corporate Update"RenuEn Corporation (OTC Pink: RENU) a Renewable Energy Development Company, issued today an update regarding several facets of the Company's business.
RenuEn's newly acquired energy construction division, Energy Solutions by Total, is increasing their residential operations in the Florida market as well as expanding their services into the commercial energy conservation market. In order to facilitate the expansions, Walter Kritsky, PE, LEED AP has joined the RenuEn management team as the Senior Vice President of ESCO services.
Don Wood, CEO of RenuEn stated: "I am pleased to welcome Mr. Kritsky to the team. Our expansion into Florida will allow us to take advantage of Mr. Kritsky's many years of experience in energy conservation and engineering. Mr. Kritsky is LEED accredited in Building Design and Construction (LEED AP BD+C). These credentials strongly integrate with RenuEn's strategy to provide expertise in the design and construction of green buildings serving the commercial, residential, education and healthcare sectors. The specialty denotes practical knowledge in the LEED for New Construction, LEED for Schools and LEED for Core and Shell rating systems."
J. Charles Nemes, Executive Vice President of RenuEn stated: "In addition to Walter Kritsky's Engineering background and LEED certifications, he is also a Florida licensed General Contractor and Solar Contractor. His Solar and General Contractors licenses will be held by Energy Solutions and all applications for the transfer have been submitted to the Florida Department of Business Regulations and we expect all of the approvals in the coming weeks."
Chris Edwards, President of RenuEn added, "In our first month since joining RenuEn, our New Jersey sales figures exceeded $700,000 and I look forward to expanding that success into the Florida residential and commercial market. We believe that our ability to market, brand and deliver quality renewable energy services to consumers and business owners will continue to grow our revenue and create additional value to our shareholders."
Don Wood also added, "In addition to all of the other exciting corporate developments, I am pleased to announce that I will be personally delivering the final items needed to secure a Notice to Proceed to the City of St. Cloud today." Mr. Wood added. "We will provide immediate updates to our shareholders upon release of the anticipated Notice to Proceed and construction schedule in the very near future."
About Energy Solutions by Total, a RenuEn CompanyTotal Exteriors Corp (www.TotalRemodeling.com) and (www.EnergySolutionsByTotal.com) is a proven
contractor that has installed over $250,000,000 in products for their 30,000+ customers. The company continues to focus on expanding their menu of products and services into multiple states and regions and expects significant growth into 2014.
About RenuEn CorporationRenuEn Corporation (OTC Pink: RENU) is a Renewable Energy Development company. The company focuses on Landfill Compressed Natural Gas capture, International Renewable Power projects and the development of solar, geothermal and other renewable energy strategies.
Safe Harbor StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact:
Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
mike@parvise.com"
Before this great announcement, the last press release was not too long ago, back on April 30th, announcing RENU's acquisition of Total Exteriors Corporation as seen here:
"RenuEn Corp Announces Acquisition of Total Exteriors CorporationRenuEn Corporation (OTC Pink: RENU), a Renewable Energy Development Company, announced the acquisition of Total Exteriors Corporation. Total Exteriors Corporation is a Union, New Jersey based solar and renewable energy construction company.
Don Wood, CEO of RenuEn, stated: "I am extremely excited to announce the acquisition of Total Exteriors and its successful division, Energy Solutions by Total." Wood further stated, "As previously announced, I have spent a significant amount of time re-establishing RenuEn's relationship with the team at Total." Wood added, "Total, under the leadership of founder Chris Edwards and his team, has twenty plus years and a proven track record of providing quality home improvements to consumers in the New York metropolitan market."
Chris Edwards, President of Total, stated: "After adding our successful residential solar program to the menu of products at the Total companies, our merging into RenuEn is a very logical decision for me." Edwards added, "The Total companies have successfully provided and installed over $250,000,000 in products and services over the last 20 years. With our recent refocus on renewable energy and green building products we are expecting annualized sales revenue of $6,000,000 in 2013 before we even expand into new markets." J. Charles Nemes, Vice President of Energy Solutions, stated, "I have been tasked by Chris and Don to grow our company into additional markets in the coming year and I look forward to expanding our products and services into additional states before year's end." Edwards explained, "Having RenuEn as the parent company of both Energy Solutions and Team Energy, we believe that we have put together a successful business plan to develop residential, commercial, industrial and municipal markets that create revenue generating projects to coincide with Team Energy's development of landfill projects. We hope to be able to also provide the construction and management on a majority of RenuEn's future projects."Don Wood added, "Total also brings with it a successful team with extensive experience in managing and building multi-state businesses." Wood continued, "Mr. Edwards has strategic alliances with the biggest suppliers and manufacturers in the nation and he currently serves on the Home Improvement Advisory Board of GE Capital. The advisory board is comprised of ten of the nation's best and brightest business owners along with senior executives of GE Capital. GE Capital is the one of the largest providers of consumer financing in the world." Wood added, "With the team at Total taking on our aggressive mergers and acquisition growth strategy, we can now accelerate our national expansion into the residential, commercial, industrial and municipal markets with very specific and strategic areas in mind." Wood continued, "Our immediate goal is to begin to generate revenue and bring value to our very loyal and patient shareholders."
"The financial terms of the acquisition of Total are 50 million in restricted stock and $400,000 in a promissory note. The note pays interest at 3% per annum and is for 5 years," stated Wood. "As part of the acquisition, Chris Edwards has been named President of RenuEn in addition to his role as President of Total. Additionally, J. Charles Nemes has been promoted to Executive Vice President of Total and RenuEn and will report directly to Wood and Edwards. They will both serve on the Board of Directors at RenuEn." Wood continued, "The day to day legal, marketing and accounting operations of Total and RenuEn will be combined and managed from our Union, NJ office and our St. Cloud office will remain as Corporate Headquarters." Wood added, "I look forward to introducing our executive team on Thursday's conference call and discussing other exciting news about RenuEn."
About Total
Total Exteriors Corp (www.TotalRemodeling.com) and (www.EnergySolutionsByTotal.com) is a proven home improvement contractor that has installed over $250,000,000 in products for their 30,000+ customers. The company continues to focus on expanding their menu of products and services into multiple states and regions and expects significant growth into 2014."
These timely releases, showing such significant progress being made by the company, has lead
Penny Stock Dream to believe that there may very well, be a great deal more upside to come from this penny stock play, as things continue to progress with the companies expansion plans. We suggest keeping a very close eye on what is to come from here one. This fast growing penny stock is not heavily traded but we suspect that things will begin to move along for this play in a bigger way as word of their progress becomes more widely spread.
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