GARDEN GROVE, Calif.,
Sept. 5, 2014 /PRNewswire/ --
Patrick S. Carter, Chief Executive
Officer of renewable energy firm 808 Renewable Energy Corporation
(OTCQX: RNWR), today announced that the firm has begun trading on
OTCQX®, the marketplace operated by OTC Markets Group Inc. (OTCQX:
OTCM), operator of Open, Transparent and Connected financial
marketplaces. 808 Renewable Energy is trading on OTCQX under the
symbol "RNWR." U.S. investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Prior to 808 Renewable Energy's first trading day on the OTCQX®,
the Company was one of the first firms to develop an investment
method that connected technology and finance – this investment
method allowed for the building or converting of power plants at
commercial facilities, that could both generate and use renewable
energy. These "cogeneration" facilities can save on energy costs
and reduce environmental impact, and investors could previously,
only directly support these companies that were implementing green
energy solutions.
The introduction of 808 Renewable Energy's public trading platform
broadens the opportunity for potential supporters of the Company's
work, to invest in 808's efforts to create energy projects that
lessen environmental impact.
"808 Renewable Energy, through its focus on owning and operating
co-generation plants throughout California and the Western U.S., is helping
America achieve green energy solutions that can reduce our nation's
dependence on foreign oil," said R.
Cromwell Coulson, President and CEO of OTC Markets Group.
"We are excited to welcome this innovative American company to the
OTCQX marketplace and wish them success and growth in the public
markets."
"We at 808 Renewable Energy Corporation are thrilled about our
first trading day on the OTCQX, and are extremely appreciative of
Merriman Capital's efforts, as advisor and sponsor of this
initiative. We feel now, more than ever, that America needs to
focus on becoming an independent energy user and needs to wean
ourselves from our dependence on foreign oil. Our investors now
have an opportunity to have some liquidity and our exposure to the
stock market will allow even more of the public to have an
opportunity to participate in our growth," added Mr. Carter.
Merriman Capital, Inc. serves as 808 Renewable Energy's Designated
Advisor for Disclosure ("DAD") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
808 Renewable Energy owns and operates on-site cogeneration systems
that produce energy in the form of electricity, heat, hot water and
chilled water under long-term contracts with its commercial,
institutional and light industrial customers. Its business is to
own the equipment that is located at customers' facilities and to
sell the energy produced by these systems to the customers on a
long-term contractual basis.
To date, the Company's focus has been on acquiring existing
combined heat and power ("CHP") plants. However, its objective is
to grow revenue by pursuing the following areas: Continuing
acquisition of new or existing CHP or other renewable energy
projects; providing maintenance service, monitoring, and operations
support to existing CHP plants not owned by the company; and sales
of CHP and other renewable energy plants to interested third
parties.
About 808 Renewable Energy Corporation
Headquartered in Garden Grove, CA,
808 Renewable Energy bridges the gap between industry and investors
with renewable energy cogeneration investments. 808 Renewable
Energy's primary focus, to provide and manage renewable "green
energy" projects for manufacturing companies and other large
facilities, is accomplished by installing or acquiring for clients,
cost-free cogeneration, solar and other renewable energy equipment,
which lowers energy costs, reduces environmental emissions, and
produces a smaller carbon footprint for everyone involved. 808
Renewable Energy is the largest owner of cogeneration units in the
State of California, with more
than 50 plants in public and private buildings.
808 Renewable Energy has in place an engineering and maintenance
staff capable of handling all design, permitting, maintenance, and
upgrades necessary to ensure that their devices operate smoothly
and efficiently. To that end, the company has a depth of experience
in the design, manufacture, and supply of state-of-the-art
technologies in pollution control, energy, waste-to-energy, energy
efficiency systems, and combined heat and power systems
(cogeneration mechanical units).
For further information and updates on 808 Renewable Energy, its
trading status, completed projects and services offered, please
visit: www.808renewableenergy.com. 808 Renewable Energy can also be
found on Twitter (@808RenewableEnergy), as well as on the Web and
Social Media, via the hashtag #WeAreInvested.
SOURCE 808 Renewable Energy Corporation