GARDEN GROVE, Calif.,
Oct. 17, 2014 /PRNewswire/ --
808 Renewable Energy Corporation (OTCQX:
RNWR), Announces $10,000,000
Convertible Preferred Offering. The
Company may reduce or increase the size of the Offering at its own
discretion. The Company currently has zero debt and recently
started trading on the OTCQX under the symbol RNWR. In addition the
Company recently estimated a 43% increase in total kWh of
electricity generated in the 3rd Quarter 2014, compared to the
prior Quarter. In addition it looks like sales numbers will be
along the same lines. The company's CEO Patrick Carter was recently quoted as saying
"There is an urgent need among the public and the private sectors
for cost-effective, carbon-neutral energy solutions. Our increased
production validates our commitment to seize this opportunity and
to reward our investors with significant returns in the long run."
The Company's CHP systems produced over 1.4 million-kilowatt hours
in the 3rd Quarter of 2014, compared to less than 1 million
kilowatt-hours in the 2nd Quarter of 2014.
For more information on the terms of the Convertible Preferred
Offering, please contact the company at info@808llc.com or via the
web at http://www.808renewableenergy.com or via phone at
714-891-8282
https://www.linkedin.com/company/808-renewable-energy
https://twitter.com/808Renewable
http://www.facebook.com/808RenewableEnergy
808 Renewable Energy currently owns and operates 22 CHP energy
systems in 6 sites spread across the San
Francisco Bay Area and Southern
California. The Company is California's leading CHP owner/operator of CHP
systems under 1.5 MW, supplying the public and the private sectors
with eco-friendly, cost-effective electrical and thermal
energy.
About 808 Renewable Energy
Headquartered in Garden Grove,
CA, 808 Renewable Energy bridges the gap between industry
and investors with renewable energy investments. 808 Renewable
Energy's primary focus, to provide and manage renewable,
eco-friendly 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
ecological footprint. 808 Renewable Energy is the leading CHP
provider in the State of
California, with more than 22 CHP systems in public and
private buildings.
Forward Looking Statements
Statements contained in this press release may contain
forward-looking statements. Any historical facts stated is
faithfully represented as of the date these statements are
released. Any expectations about the projected production are based
on current projection and may substantially change under unforeseen
events and/or circumstances in the future. The Company is not
obliged to update the forward-looking statements provided for any
events that occur or any circumstances that exist after the date
this statements are published.
SOURCE 808 Renewable Energy Corporation