| Home Page : Archive News : May 2011 News : Steve Muehler, President of Alta Vista Companies, announced today a Direct Public Offering for Independent Energy Partners, Inc | |
Steve Muehler, President of Alta Vista Companies, announced today a Direct Public Offering for Independent Energy Partners, Inc | |
|
May 05, 2011 Steve Muehler, President of Alta Vista Companies, today announced a Direct Public Offering of Two Million "Pre-IPO" Convertible Preferred Stock Shares in the State of California. Beverly Hills, C.A. - Mr. Steve Muehler of the Beverly Hills based "Alta Vista Comapanies", today announced its direct public offering (DPO) of 2,000,000 Pre-IPO shares of Convertible Preferred Stock Units that are being offered at U.S. $2.50 per share. This ground-floor investment opportunity is available to current customers, affiliate partners and the public in the State of California. A DPO is a pioneering form of financing and an innovative, cost-effective way for an established business to acquire needed expansion capital. In turn, it provides investors an affordable opportunity for a minimum investment of $10,000. Independent Energy Partners, Inc. filed a Form D with the Securities and Exchange Commission (SEC) detailing information about the firm and the offering. The company also filed an Issuer Statement and Small Corporate Offering Registration relating to these securities with the State of California's Attorney General's office. "Independent Energy Partners, Inc. has strategically positioned itself for aggressive growth over the next three years," Independent Energy Partners, Inc. president, Mr. Alan Forbes, says. "Our patented Geothermic Fuel Cell ("GFC") technology for recovery of unconventional hydrocarbons makes it possible to dramatically reduce the cost of recovering oil and natural gas from unconventional resources, while producing 'green' electricity as a byproduct with minimum environmental impact and small carbon footprint. Mr. Steven J. Muehler, Managing Partner of Beverly based Private Equity Investment firm 'Alta Vista Companies' and equity partner of 'Independent Energy Partners, Inc', pointed out that, "California has an abundance of unconventional hydrocarbon recourses that lend themselves to the GFC technology. A good example is the Kern County area where a common technique to produce the heavy oils in that area rely on steam injection to heat the heavy oils, reducing viscosity, so that they can be recovered with more traditional means. IEP has been contacted by a number of parties with an interest in partnering or licensing the GFC technology for recovery of these types of resources in California. The primary reasons driving this mutual interest is that it is becoming increasingly difficult to permit, build and operate the facilities that produce the steam in the above example, due the natural gas burned and accompanying green house gas emissions. The GFC technology has a very small carbon footprint along with better overall economics." To date, the Company has received investment from TOTAL S.A., private investors and /or has been self-funded for its development, intellectual property ("IP") and resource acquisition needs. Proceeds from the DPO will be used to provide working capital to expand on the success achieved by the Company to-date. About Independent Energy Partners, Inc. Founded in 1991, Independent Energy Partners, Inc. is an energy project and technology development company. Since 2005 it has focused on the development of its proprietary GFC™ Process as well as acquisition and development of unconventional hydrocarbon resources. The "GFC" Process has obtained comprehensive patent protection with the issuance of three patents in the United States and Canada The Company's prospectus is available by registering online at: http://www.altavistacompanies.net/IEP_DPO.html Inquiries may be sent via email to: LEGAL@AltaVistaCompanies.net This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. All trademarks and service marks are the property of the respective parties. NEWS SOURCE: Independent Energy Partners, Inc. Source: http://www.1888pressrelease.com/steve-muehler-president-of-alta-vista-companies-announced-pr-299759.html |
|
