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Laidlaw Energy Group Announces Significant Business Expansion to include Renewable Energy Technology Investment and Greenhouse Gas Reduction Initiative Tuesday January 23, 10:28 am ET
NEW YORK--(BUSINESS WIRE)--Laidlaw Energy Group, Inc. (OTC: LLEG - News) announced today that it is undertaking a significant business expansion aimed at creating a vertically integrated renewable energy company. ADVERTISEMENT
The new business lines that the Company is rolling out, in addition to its current core renewable power plant development business, include a technology division that will focus on acquiring and investing in innovative renewable energy technology, as well as an agricultural division that will focus on growing hybrid willow trees to serve as fuel for the Company's biomass energy projects and for sale to third parties.
"We have raised a fair amount of capital over the past several months with the objective of investing in the growth of the Company," stated LLEG President and CEO Michael B. Bartoszek. "We believe we have identified two areas for investment that will really take the Company to the next level and we are close to executing deals in these areas," stated Bartoszek.
The Company is currently in negotiations to make its first technology investment and expects to focus on technology that reduces power plant emissions, an area that is expected to offer significant opportunity with the new Democratically controlled Congress increasingly focusing on the environment and Greenhouse Gas emissions reduction.
The agricultural division will focus on initially obtaining 1,000 acres of land in Western, New York to grow hybrid willow to provide a "closed loop" source of fuel for the Company's biomass energy project in the area and also to sell to area coal plants as fuel for co-firing to help such plants reduce Greenhouse Gas and overall emissions. The Company expects to work with partners associated with the State University of New York College of Environmental Sciences and Forestry in conjunction with this venture.
Representatives of the Company spent time on Capital Hill last week discussing these new initiatives and the environmental and economic benefits to the region with members of the New York Congressional delegation. The Company is optimistic that it will receive Federal assistance to support these timely new initiatives, which are expected to help improve air quality in the region by reducing the production of Greenhouse Gas emissions known to effect climate change.
The Company expects to provide further updates on the roll-out of these new initiatives in the coming weeks.
About Laidlaw Energy Group - Cleaner Energy For a Greener Future
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through the development of new facilities and acquisition of existing facilities. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our websites at www.NYENRG.com and www.greenenergyfacts.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact: Laidlaw Energy Group, Inc. Michael B. Bartoszek, 212-480-9884 info*LaidlawEnergy.com
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anybody notice the head fake HOD of .0029 there was 1 trade above the ask. actual tradeable HOD was .0025, so far! GL!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by Fuzzy1018: wow did you guys see that 15mil buy
I saw 15 mil in two trades, traded on a downtick, usually indicates a sell. no real way to be shure though.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Expected to speak big on ethanol. The president is expected to address:
_Health care. Bush will propose a tax deduction of $7,500 for individuals and $15,000 for families regardless of whether they buy their own health insurance or receive medical coverage at work. He also would subject employer-sponsored health care benefits to taxation, meaning those with more policies worth more than the deduction would see a tax hike. But those who get policies at work worth less than the deduction, the preponderance of workers with employer-provided insurance, would get a tax break. Another proposal would give some federal money now going to hospitals and other facilities to states for programs to reduce the number of uninsured.
_Energy. Bush is expected to call for a sharp escalation in the federal mandate on use of ethanol as a renewable fuel alternative, a goal that may prove difficult to meet. He also may seek the power to raise fuel economy standards for passenger cars, authority he also asked for last year. Some Democrats worried the plan would give transportation officials overly broad authority to change the system.
_Education. Bush will push for Congress to renew his education accountability law, No Child Left Behind, which expires this year. Democrats will expect him to go along with increases in spending to help schools make the required progress under the law
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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some news has to be coming very soon. All big buys this afternoon, 600,000 & 800,000 along with 1/2 mills
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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