|By Marketwired .||
|June 9, 2014 09:11 AM EDT||
DENVER, CO -- (Marketwired) -- 06/09/14 -- Energie Holdings, Inc. ("Energie" or the "Company") (OTCQB: ELED) is pleased to announce the acquisition of OELC LLC and its wholly owned subsidiary Energie LLC.
As previously announced on December 31, 2013 Energie Holdings, Inc. (formerly Alas Aviation Corp.), entered into a share exchange agreement with OELC, LLC and its wholly owned subsidiary Energie, LLC, a specialty manufacturer and reseller of unique LED lighting products. Under the terms of the share exchange agreement, there were certain customary conditions to close which have now been met. Upon closing on June 6, 2014, OELC, LLC and Energie, LLC became wholly owned subsidiaries of the Company.
In connection with the closing of the transaction, the Company appointed Harold Hansen as the Company's President and CEO, Cole Dennard as its Treasurer and CFO and Lee Barratt as its Secretary. Mr. Hansen was appointed as a member of the board of directors and Mr. Frank Drechsler resigned as the Company's Secretary and Director.
Harold (Hal) Hansen, the CEO of Energie Holdings stated: "We are extremely excited to participate in the growth opportunities that are offered with LED lighting. The recent advances in LED lighting technology combined with the mandates for energy efficiency at the state and federal level have turned LED lighting into a disruptive force in the lighting industry. The Company intends to capitalize on this with an aggressive acquisition strategy of companies in the LED lighting market."
ABOUT ENERGIE HOLDINGS, INC.: Énergie Holdings is focused on acquiring and growing companies that provide specialized LED lighting solutions to the architecture and interior design markets. The Company is headquartered in Wheat Ridge, Colorado and through its subsidiary, Energy LLC, also maintains a production and assembly facility in Zeeland, Michigan. The Company through its subsidiary currently has a large installed base of customers in all 50 States and Canada.
For more information about Energie Holdings visit http://www.energieholdings.com
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN "FORWARD-LOOKING STATEMENTS" MADE IN RELIANCE UPON THE SAFE HARBOR PROVISIONS OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, CONCERNING EXPECTATIONS FOR SALES, STRATEGIC ACQUISITIONS, GROSS MARGINS, EXPENSES, COST SAVINGS, STRATEGIC DIRECTION AND EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN CONSTRUCTION SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE ADVERSE IMPACT OF CHANGES IN IMPORT RESTRICTIONS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ANY GROWTH STRATEGIES; RISKS ASSOCIATED WITH THE COMPANY'S ABILITY TO IMPLEMENT AND REALIZE THE ANTICIPATED BENEFITS OF THE COMPANY'S STRATEGIC INITIATIVES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN THE COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS OR CIRCUMSTANCES.
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