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Alternative Energy Company Announces Strategic Acquisition, Shares Rise On News
By: AllPennyStocks.com News
December 8, 2011
There aren’t many corporations – or people for that matter – that wouldn’t like to cut their electric bill. Most would like to operate in a more earth-friendly, or “green” fashion as well. Luckily, there are plenty of alternative energy solutions to meet those needs if the initiative is realized. But, what about the idea of adding an advertising component into the solution? After all, most companies already allocate a healthy budget towards branding their name and trying to generate business. Thinking outside of the box, City Windmills Inc. (CYW.F) (CYW.DE) offers the complete package and it could be coming mainstream to a building near you soon.
Founded in 2010 by Chief Financial Officer and majority shareholder Sean Kelly, City Windmills has headquarters in the United Kingdom and operates out of Geneva, Switzerland. Kelly has more than a dozen years of experience in bringing companies from seed to Initial Public Offering. Seeking to manage its relationship with the U.S. Federal Government, City Windmill recently opened a subsidiary in Delaware and appointed Roland J. Bopp to serve as Chief Executive Officer of United States operations. The company offers a unique brand of rooftop windmills that not only provide power for the building under them, but their unique wind-driven props have large surface areas that permit for advertising as well.
The intriguing part for North American investors is that news hit the wires early this morning that home and enterprise scale vertical axis wind turbine maker Sauer Energy Inc. (OTCBB:SENY) has signed a non-binding Letter of Intent for the 100-percent acquisition of City Windmills Inc.
According to the Letter of Intent, Sauer Energy Inc. and City Windmills Inc. will discuss the full purchase of the company and its Government contract for the wind power sector. Per the norm, any further transactions are subject to proper due diligence and execution of definitive agreements. If definitive agreements result, Sauer should experience a large expansion of operations through its commitment to produce American-made products. Although the government connection was not disclosed, incorporating environmental stewardship and creating jobs is at the forefront of government initiatives presently, which will bode well for Sauer.
If executed, Sauer Energy Inc. will acquire all issued and outstanding shares of City Windmills Inc., which will become a wholly owned subsidiary of Sauer Energy Inc. Roland J. Bopp will remain seated as the CEO of the new subsidiary. Bopp has the kind of credentials that make most companies salivate to have him on their team. He has served as Executive VP of Mannesmann Corp. ($20 billion engineering and telecommunication services company), CEO and member of the Board of Directors of Billing Services Group LTD., a $180 million telecommunication clearing and settlement, payment and financial risk management solution companies) and Chairman, President & CEO of the Americas for Deutsche Telekom Inc. (a subsidiary of Deutsche Telekom AG, the largest telecommunications company in Europe), and Executive VP of Hochtief, Inc./Turner Construction Company (a $13 billion US subsidiary of Hochtief AG, Germany, a leading global systems provider in the engineering and construction sector). Safe to say, Mr. Bopp knows a bit about business.
Technical traders will like the SENY chart as it has been smoothly climbing from its low of 35 cents at the end of July. Shares recently hit 63 cents and, after a brief consolidation to 55 cents, are rising again today to those levels on the news with half of the trading day remaining.
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