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Tim Brock, CEO of Atlantic Energy Solutions, Provides Progress Report in an Audio Interview at SmallCapVoice.com Thursday October 16, 9:41 am ET
AUSTIN, Texas--(BUSINESS WIRE)--SmallCapVoice.com, Inc. today announced that a new audio interview featuring Tim Brock, CEO of Atlantic Energy Solutions, (Pink Sheets: AESO - News), is now available at SmallCapVoice.com. Mr. Brock provides his personal insight into the Company’s recent news announcements and much more. The interview can be heard here at http://www.smallcapvoice.com/aeso/aeso-10-14-08.php.
Atlantic Energy, founded in 1992, is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements and finances projects designed to improve the overall efficiency of energy, water usage and renewable resources.
Headquartered in Saratoga Springs, NY and with other offices 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 boaster savings at the consumer level. The company incorporates the latest technologies, including wind and solar energy generation and other renewable resources focusing on energy and financial strategies to achieve comprehensive, innovative and cost-beneficial improvements.
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Atlantic Energy Solutions Accepts $10 Million Term Sheet from Trafalgar Capital
Oct 28, 2008 09:12:01 (ET)
SARATOGA SPRINGS, N.Y., Oct 28, 2008 (BUSINESS WIRE) -- Atlantic Energy Solutions, Inc. (AESO, Trade ) is pleased to announce that that they have entered into a term sheet with Trafalgar Capital Specialized Investment Fund, a Luxembourg based company that specializes in working with small cap companies in helping them achieve their growth objectives.
Trafalgar is committing up to $10,000,000 over a two year period with initial funding of $2,500,000 to Atlantic Energy Solutions to support the Company's growth initiatives, such as new energy projects for schools, health care facilities, manufacturing and other related commercial facilities. This commitment will enable Atlantic Energy Solutions to draw upon the financial resources of Trafalgar based upon key financial performance objectives of the Company.
Atlantic Energy Solutions' projects currently involve the deployment of state-of-the-art "green" technology in solar power, wind turbine plants, co-generation plants and geothermal as well as traditional energy efficiency opportunities which are some of the key building blocks to the Company's future. Atlantic Energy Solutions will continue with its current successes gained from its ESCO business model approach in the market with performance guarantees and other purchase power agreement prospects.
Atlantic Energy Solutions CEO Timothy Brock said, "We are delighted to have earned this confidence. This important financial commitment from Trafalgar will further expand our future growth and development beyond our expectations."
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Atlantic Energy Solutions Closes on $10 Million Transaction With Trafalgar Capital Monday November 10, 10:24 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Nov 10, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce that that they have closed on their transaction with Trafalgar Capital Specialized Investment Fund, a Luxembourg-based company that specializes in working with small cap companies in helping them achieve their growth objectives. Trafalgar has committed up to $10,000,000 over a two-year period with the initial funding of $2,500,000 provided to Atlantic Energy Solutions in support of the Company's growth initiatives.
In being able to draw upon the financial resources of Trafalgar, Atlantic Energy Solutions is poised to deliver on new projects involving the deployment of state-of-the-art "green" technology in solar power, wind turbine plants, co-generation plants and geothermal as well as traditional energy efficiency opportunities which are some of the key building blocks to the company's future.
Atlantic Energy Solutions, a nationally accredited ESCO, is providing performance guarantees and other purchase power agreements in schools and other public facilities from Maine to Florida with values equaling nearly $50m in new green technology design, construction, operations, and maintenance.
Atlantic Energy Solutions CEO Timothy Brock said, "We are pleased in completing this funding round with Trafalgar and look forward to meeting the objectives of both our clients and business in creating greater shareholder value."
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I am in hopes that this will go down a little bit (around .23-26) so I can pick up some more shares, I am liking the news
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Atlantic Energy Solutions Chosen as Energy Efficiency Contractor forTwo New Jersey Boroughs
Nov 12, 2008 09:15:17 (ET)
SARATOGA SPRINGS, NY, Nov 12, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) has been selected as the Energy Efficiency Solutions Company for two Northern New Jersey boroughs. The company was selected amid tough competition after borough officials spent time with Atlantic Energy in order to better understand the benefits Atlantic Energy offers. The boroughs wanted Atlantic Energy Solutions to implement a comprehensive energy efficiency program. This green technology program will provide greater savings for the boroughs while creating a more positive environmental impact.
The project entails the preliminary development and evaluation of all possible energy conservation and innovation measures throughout the boroughs' municipal facilities. The first step will lay the necessary foundation for phased energy conservation projects that will sharply reduce operating expenditures, while ultimately achieving the borough administrator's goal of energy independence. During this phase, the main focus will be on physical facility upgrades, and the feasibility of incorporating renewable energy as part of the master plan.
Tim Brock, CEO of Atlantic Energy Solutions, commented, "Our objective is not just to meet, but to exceed savings expectations, which will ultimately benefit the tax payers. We hope that this relationship will be a stepping stone towards the development of other large scale energy projects throughout the state of New Jersey."
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Energy Efficiency Project Due to Begin for NYS School District
Nov 18, 2008 09:15:24 (ET)
SARATOGA SPRINGS, NY, Nov 18, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is announcing that a contracted energy efficiency project with a Southern New York State School District is due to begin before year end. The project, awaiting final New York State Education Department (NYSED) approval, is expected for release in mid December with measures that include lighting system upgrades, window replacements, building envelope weatherization, and transformer replacement. Atlantic Energy Solutions recommended the school use Efco series windows using high effeciency low thermal Low-e glass for a more "green" approach to their energy savings.
The District will realize a reduction in annual energy costs of $33,000. With the addition of state financial assistance the District will benefit from a positive cash flow over the 18 year term of the savings agreement.
"It's very exciting to be assisting another school district with their plans for capital improvements and energy savings," said Tim Brock, CEO of Atlantic Energy Solutions. Mr. Brock went on to say, "In addition to making an important contribution to the environment, we have created the added benefit of a positive cash flow for their school budget. This will undoubtebly help lighten the taxpayers' burden in the school district. As for our shareholders, I am very happy to announce that this project will increase our revenues to what has already been a record breaking year for Atlantic Energy Solutions."
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Atlantic Energy Solutions' Director of Project Development Receives Mitsubishi Diamond Designer Certification Thursday November 20, 9:28 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Nov 20, 2008 -- Atlantic Energy Solutions' Chief Project Development Engineer recently completed training towards the Mitsubishi Diamond Designer Certification through Mitsubishi Electric. The training revolved around the Mitsubishi City Multi® product that utilizes variable refrigerant flow zoning to achieve simultaneous heating and cooling using economical two pipe systems. Attaining the certification required intensive instruction including hands-on design application exercises enabling the Atlantic Energy Solutions (Other OTC:AESO.PK - News) team to identify application opportunities and size systems.
"This product should fit well in many of the common retrofit challenges encountered at our clients' facilities," said Tim Brock, CEO. "We have several school and health care facilities currently in the project development cycle that will greatly benefit from this type of energy saving system. Our ever-evolving industry requires us to stay on the cutting edge of energy technology in order for us to better serve our clients, increase our competitiveness and stay ahead of our competition."
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Strategic Discussions Underway to Build a Solar Power Plant onFlorida's West Coast
Dec 2, 2008 09:15:40 (ET)
SARATOGA SPRINGS, NY, Dec 02, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is announcing that they are engaged in strategic negotiations with a West Coast Florida land owner to build a solar power plant that would produce enough energy to service approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies.
These strategic discussions have involved developing a long term energy vision with the land owners and municipalities while providing a state of the art energy source that benefits all facets of municipality energy needs.
The project is in the developmental stages and would result in the installation of a 50 MW solar PV power plant. In addition to servicing the needs of homes, municipalities, and electric utility companies, Atlantic Energy would also operate and maintain the plant for a range of 20-30 years.
The energy produced by the PV solar plant will be sold as electricity and provide recurring revenues for Atlantic Energy Solutions, the land owner, and the municipality over the lifetime of Atlantic Energy's involvement with the plant.
Atlantic Energy CEO Timothy Brock said, "This large scale solar PV project is in synch with our strategic plans for delivering on 'green technology' and directly coincides with supporting initiatives within Florida's Renewable Energy Portfolio. This is a great example of the diversity we expect to show in our future projects."
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Atlantic Energy Solutions Partners With Evolution Solar on Solar Panels Thursday December 4, 9:15 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Dec 4, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce they are in negotiations to make Evolution Solar Corporation (Other OTC:EVSO.PK - News) their provider of photovoltaic (PV) panels for several of Atlantic Energy's current solar energy efficiency projects.
After conducting extensive research with a number of global manufacturers of PV panels, Atlantic Energy has concluded that securing an Asian manufacturing partner would be a key cost reduction strategy. A collaborative effort between Evoltion Solar and Atlantic Energy is essential to ensure obtaining the Underwriters Laboratories (UL) certification for these PV panels for sales and installation in the United States.
"PV projects are a very significant source of revenues with regards to construction and ongoing electricity sales for our company," stated Timoty Brock, Atlantic Energy Solutions' CEO. Mr. Brock contiunued, "Our relationship with Evolution Solar will play a significant role in helping us capture a larger market share of the PV business."
The worldwide PV industry has been growing steadily at 20-25% per year for the last 20 years. Competitiveness in the industry is defined by the ability to reduce panel costs and the lead time between ordering and delivery. The partnership between Atlantic Energy Solutions and Evolution Solar is a natural synergy for penetrating this multi-billion dollar market. This will allow Atlantic Energy to provide low-cost panels at sufficient volumes for large projects with a much shorter lead time than many of its competitors.
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Proposal Submitted to Southern NJ School District for Long Term Energy Efficiency Project Wednesday December 10, 9:52 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Dec 10, 2008 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News), consistent with their strategic initiatives to be the leading provider of delivering green technology to municipalities, schools, and nursing homes, continued their progress with the successful submission of a proposal to a southern New Jersey school District for Phase I of a long term energy efficiency project. Atlantic Energy engineers and technical specialists configured several options for bringing green to the school district and district officials believe that the best solution has been provided in requesting for an agreement between the parties to be executed.
Upon commencement of the project, the first phase will begin with an upgrade of two of the facilities' gymnasiums. The lighting system will be completely replaced with the latest in ultra efficient high bay roof lighting to cut the district's gymnasium lighting energy costs by 50% as well as bringing the best in brightness to the gym floor which will improve visibility for gym sports participants and visitors.
Atlantic Energy Solution's CEO Tim Brock commented, "This particular project is a perfect example of how we can make such a significant difference by implementing changes as simple as modernizing outdated lighting systems. Our objective with every one of our clients goes beyond the obvious cost and energy savings that we strive to realize for them. We also aim to make a positive impact on the environment. In every energy efficiency project that we undertake, we are able to considerably lower the adverse emissions that are released into the atmosphere and potentially cause harm to the planet."
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Atlantic Energy Solutions Addresses Financial News Web Site Error
Dec 19, 2008 13:53:51 (ET)
SARATOGA SPRINGS, NY, Dec 19, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) has taken immediate action to correct an incorrect link that was erroneously applied to the Company's ticker symbol on a prominent financial news web site.
The financial news web site posted a link from another company's 10-Q filing that was mistakenly provided to them from a third party news feed provider. The incorrect link occurred because of an apparent mismatch between ticker symbols and the CIK numbers. The problem has been resolved and the link has been taken down.
"This error was brought to our attention by a concerned shareholder that was reading through our headlines on the financial news site," said Atlantic Energy Solutions CEO Tim Brock. Mr. Brock further commented, "We are happy to report that both the financial news web site and the third party news feed provider acted very quickly to correct the problem as soon as we made them aware of it. We hope that anyone that may have come across this error during the time it was posted will understand that it was not a reflection of our company. We are currently wrapping up a record breaking year at Atlantic Energy Solutions with many more great things expected in 2009 as we continue on the course we have set for ourselves.
We urge our shareholders to stay tuned for our upcoming press releases and news updates as developments unfold."
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Atlantic Energy Solutions Announces the Opening of a New Florida Office; CEO Tim Brock Discusses the Company's Growth and Goals for 2009 in a Letter to the Shareholders Tuesday January 13, 2009, 9:41 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 13, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is pleased to announce the opening of a new satellite office in Orlando, Florida. This is the first of several planned new offices to be opened this year and brings the current total to three. It is also the first office for Atlantic Energy in the Southeastern United States. It will be a supplement to the energy team expected to expand and further develop energy efficiency projects that have been introduced.
Atlantic Energy Solutions' CEO, Tim Brock, has also written a letter to the shareholders, in which he discusses the successes and accomplishments of 2008 and the company's goals for 2009. The letter can be found in the investor relations section of Atlantic Energy Solutions' web site, http://www.atlanticenergy.net/.
"Opening the Florida office is the first of several planned for this year," said CEO Tim Brock. Mr. Brock continued, "While many other sectors are currently experiencing difficult economic times, our industry is thriving. We will open satellites offices throughout the different regions of the country in order to keep pace with the fast-growing 'greening' demand. In addition to the great growth we had already anticipated, the new administration has made our market even bigger by committing billions of dollars to revamp federal government buildings to make them more energy efficient in order to save tax payers billions."
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[Video] Wall St. Network's 3-Minute Press Show Features Executive Interviews and Highlights Recent Press for the Following: EK, EXOU, VCRT, and AESO Wednesday January 14, 2009, 7:00 am EST NEW YORK, NY--(MARKET WIRE)--Jan 14, 2009 -- Wall St. Network's 3-Minute Press Show is a daily program hosted by WSN reporter Tracee Tolentino that features in-depth interviews with public company executives on their company and most recent press releases.
The show is designed to provide viewers with insight into a company's latest news, and its impact on the company's growth.
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Atlantic Energy Solutions Announces Cooperative Marketing Agreement With York Financial Group Tuesday January 27, 2009, 9:15 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 27, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) 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.
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Atlantic Energy Solutions Achieves Largest Savings to Date for Property Management Company Thursday January 29, 2009, 9:15 am EST
SARATOGA SPRINGS, NY--(MARKET WIRE)--Jan 29, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) has implemented an extensive energy savings plan with a property management company headquartered in Baltimore, Maryland. The property management company engaged Atlantic Energy to take the lead in developing and implementing a plan to reduce its rising energy expenses that occur from its use of six million KWH per year of electricity consumption.
Atlantic Energy utilized its industry expertise of engineering resources as well as a key relationship with an energy broker to manage the property management company's supply of electricity and consumption.
The result of implementing these energy consumption plans created the means that have enabled substantial annual energy savings for the property management company and the largest savings to date for an Atlantic Energy customer. The property management company oversees energy use for over 50 buildings and 50 million square feet.
Atlantic Energy Solution's CEO, Tim Brock, said, "The service that we have provided for this customer is a great example of our company's diversification in meeting the objectives of our clients. One of my strategic objectives for Atlantic Energy is to create new recurring revenue streams that supplement our core services." Mr. Brock continued, "Developing revenue streams such as compensation for energy broker referrals creates more ways to save our customers money, continually improve the environment, and grow Atlantic Energy into a more valuable company for its shareholders."
Atlantic Energy is currently delivering a proposal for the property management company that includes a total building project involving renewable green technologies, HVAC upgrades, lighting, and other structural improvements. This combination of services will enable even greater energy savings for the Baltimore based company.
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Another New York State School District Begins "Greening" Project With Atlantic Energy Solutions Wednesday February 4, 10:42 am ET
SARATOGA SPRINGS, NY--(MARKET WIRE)--Feb 4, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) is announcing that a Southern New York State School District has received state approval to begin its contracted energy efficiency project with the company. The project is now underway, and Atlantic Energy will complete it in record time. With more than a decade of experience "greening" commercial buildings, including schools, school campuses, and municipalities; Atlantic Energy has compiled an impressive green platform in the energy industry. This particular project will include measures such as lighting system upgrades, window replacements, building envelope weatherization, and transformer replacement. Atlantic Energy engineers have also recommended the school use Efco series windows using high efficiency low thermal Low-e glass for a more "green" approach to their energy savings.
This project will improve an area covering 120,000 square feet and will create a reduction in annual energy costs of $33,000 for the District. With the addition of state financial assistance they will immediately benefit from the cost savings and generate a quick return on investment during the term of the savings agreement.
"In any economy, going green and saving money is an attractive consideration and our customers can immediately recognize the benefits," said Tim Brock, CEO of Atlantic Energy Solutions. Mr. Brock continued, "By constantly rolling out projects like this one, we have laid a solid foundation that has positioned us to take full advantage of the growing trend in 'green' technology and has enabled the growth surge being experienced by our company. We are committed to providing the best possible service for our clients and in building the strongest possible company for our shareholders."
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Atlantic Energy Solutions Positioned Perfectly for Economic Stimulus Bill Thursday February 19, 9:15 am ET
SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)--Atlantic Energy Solutions, Inc. (OTC:AESO - News) is looking forward to its role with the stimulus bill, which is also known as the Economic Recovery and Reinvestment Act of 2009 as it contains a significant amount of money being allocated for increased energy efficiency and green technologies. According to Tim Brock, CEO for Atlantic Energy Solutions, “As a company, we’ve worked hard during the past ten years to deliver on the green technology objectives established by our school district, local municipality, community colleges, and nursing home facility customers to provide exactly the kind of energy efficiencies and green technologies being presented in the stimulus bill. As a proponent for these services and the jobs they can create in any given community, we are working closely with national advocacy groups such as the National Association of Energy Services Companies (www.naesco.org) which includes energy firms such as Constellation Energy Group (CEG), Honeywell International (HON), and Johnson Controls (JCI). We have also teamed with Impact NJ, a NJ based strategic lobbying firm, so that we can engage on the opportunities that the stimulus bill represents in complimenting the objectives of our customers.”
The stimulus bill funds for energy efficiency will primarily flow through the US Department of Energy (www.energy.gov), to state, and then to local governments to implement the programs. The amounts listed below represent some of the proposed expenditures over the next two-year period:
$1 billion for loans and grants to institutions for energy efficiency audits and projects to support energy audits in each state each year. $500 million for industrial CHP and waste heat recovery – a new area. $6.2 billion for Weatherization Assistance Programs – up from $350 million. $3.5 billion for Energy Efficiency and Conservation Block Grants – another new program. $3.4 billion for the State Energy Programs administered by state energy offices – up from about $50 million. $20 billion to educational facilities ($14 billion for K-12 schools and $6 billion for higher education) for renovations, energy efficiency and renewables. ”Atlantic Energy has been very active in several coalitions that have advocated for these programs through the years. Our vast experience working with municipalities gives us a leg up over many of our competitors and positions us to take maximum advantage of the new funding that may soon be flowing into energy efficiency and green technology. As we continue to work with school and government officials in this area, we look forward to providing these benefits to our customers,” said Atlantic Energy CEO, Tim Brock.
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York Financial Group and Atlantic Energy Solutions Team Up to Tackle Residential Energy Opportunities Tuesday March 24, 2009, 10:38 am EDT
SARATOGA SPRINGS, NY--(MARKET WIRE)--Mar 24, 2009 -- Atlantic Energy Solutions, Inc. (Other OTC:AESO.PK - News) and York Financial Group have implemented their strategic plan to rehabilitate homes that are preparing for sale in ten geographic markets across the country. The companies announced the first demonstration project in the Florida residential market at last week's Legislative Conference of the National Association of Hispanic Real Estate Professionals (NAHREP) and the Asian Real Estate Association of America (AREAA).
Atlantic and York have gained the necessary support from housing and bank authorities for residential underwriting to include total housing maintenance expenses such as electric, gas, and water. The companies forwarded to Fannie Mae three distinct programs in order to help 1,000 families achieve their goals of homeownership.
1. The first program, in combination with housing grants announced by the Department of Housing and Urban Development (HUD) www.hud.gov, will underwrite 100 new homebuyers with tougher qualifying standards, including energy costs, in determining whether the buyer qualifies. 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).
2. The second program will help 400 families improve their homes in advance of the sale, with typical energy efficiency improvements such as new energy efficient doors and windows, Energy Star appliances, blown insulation, and a solar component. The expected average cost for each home will be $25k and a $10MM "Energy Efficient Green Real Estate Fund" is being established to facilitate this.
3. The third program will train 500 prospective homebuyers with an 8 hour HUD recommended pre-purchase counseling program that includes additional training on energy efficiency. York will contract with select local HUD certified Housing Counselors to offer this expanded counseling program.
In association with local non-profit agencies, real estate brokerages and trade associations such as NAHREP and AREAA, the companies will foster a collaborative exchange of ideas and engage and train these groups in the programs so that their members can access the timely and productive opportunities in the clean, green industry. York improves technical capacities for governments, banks, non-profits and other real estate businesses while Atlantic Energy will provide energy assessment and audit services on all homes, including design, finance and construction oversight for the installation of comprehensive energy efficient improvements.
While designing the system to solve the crisis in housing and America's dependence on foreign oil, York Financial Group principal Ken York realized that many minds working together are better than a few. Said York, "Now is the best time to establish greater standards for residential underwriting because housing values will be increased with energy efficiencies in place."
With the help of Atlantic, home buyers will enjoy newly created equity and the surrounding community gets long-term financial benefits from increased building values. According to Atlantic Energy CEO Tim Brock, "There will be 5 million jobs created in the next five years in the clean, green industry and more than 3 million will be traditional blue collar jobs as the construction industry transitions to newer and updated standards with this residential model program."
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Two NYS School Districts Begin Their Energy Efficiency Projects WithAtlantic Energy Solutions
Apr 7, 2009 11:22:53 (ET)
SARATOGA SPRINGS, NY, Apr 07, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they are moving on to the next phase of their energy efficiency project with the Eldred School District, and completion of the project is expected ahead of schedule. Construction in a similar "greening" project will also begin next week in the Pleasantville School District.
These two projects will include over a million dollars in state of the art lighting system upgrades, window replacements, and building envelope weatherization. These changes will greatly improve each school district's energy efficiency, and generate immediate cost savings.
Atlantic Energy CEO Tim Brock said, "Over the past decade, Atlantic Energy has built an impressive client list which includes many school districts and municipalities, while becoming one of the premier players in the energy efficiency industry. The Eldred and Pleasantville School districts will each save over $75,000 annually, which will significantly reduce their respective budgets and directly benefit their taxpayers. These two school districts stand as classic examples of the kind of savings Atlantic Energy can help its clients realize by providing the necessary 'green' improvements that also create a lasting positive impact on the environment."
Mr. Brock further commented, "We admire the decision these two school districts have made to 'go green' and we are excited to help them take these important steps. As a company, we have been working closely with the US Department of Energy ( www.doe.gov ) which has made energy efficiency and weatherization a top priority in 2009, as demonstrated by their significant budget increases in the commercial and residential sectors. We want to take our customers into the next generation of 'green' energy efficiency technology."
About Atlantic Energy Solutions, Inc.
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Atlantic Energy Solutions Fiscal Year '08 Performance Supports aStronger 2009
Apr 8, 2009 09:01:53 (ET)
SARATOGA SPRINGS, NY, Apr 08, 2009 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that they completed their 2008 fiscal year with annual revenues equaling $7.9M, a 36% increase in revenue over the same period in 2007 and that the Company is expecting much of the same in 2009 and 2010. Net income for the period ending December 31, 2008 was $535,000, or slightly less than 2007 due to Company investment in new markets and energy related projects. Shareholder value increased by over 100% and the Company market cap increased to $35.9M from $9M during 2008.
The Company submitted its YE08 annual report for publication on April 7, 2009 and is now awaiting final approval from the review board so that it may be posted on the Pink Sheets ( www.pinksheets.com ) Board.
According to Tim Brock, CEO of Atlantic Energy Solutions, "We are pleased with our results and we are confident that decisions made over the years to achieve our market position in the energy sector are now paying off. We acknowledge that global economic conditions are affecting all businesses and that Atlantic Energy is no exception. The Company is constantly assessing its capital requirements in support of shareholder value and client objectives. While the economic climate is daunting, we are confident in the stated growth of the energy sector and that Atlantic Energy will continue to be awarded with projects at a similar if not greater pace as we have in the past."
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