Green Energy announces that BEO-ITS sought highly conditional terms that would result in substantial dilution to the existing shareholders
OREANDA-NEWS.- Green Energy Enterprises, Inc. (OTC Pink:GYOG) ("GYOG" or "the Corporation") announces that BEO-ITS sought highly conditional terms that would result in substantial dilution to the existing shareholders.
The Corporation’s Board of Directors has carefully reviewed this acquisition consistent with the company’s continued focus on maximizing shareholder value and creating differentiated value for its customers, clients and other stakeholders in a dynamic, rapidly-evolving market. Based on a number of factors in the terms, unaddressed due diligence and the already existing and competitive nature of the new testing methodology for STDs, the Corporation determined that it is not in the best interests of the Corporation’s shareholders.
The Corporation’s mission is to be a leader in its industry market places. Effective execution of our focused strategy has driven a consistent track record of strong performance on closing acquisitions that are favorable to our shareholders. We set our targets to close on A-Cent Aviation, Inc. and Grow Your Own Greenz, Inc. which were both successfully acquired creating shareholder value. The Board is confident that the execution of our standalone strategic plan will generate shareholder value in excess of the BEO-ITS acquisition.
ABOUT GREEN ENERGY ENTERPRISES, INC.
Green Energy Enterprises, Inc. owns and operates 4 wholly owned Subsidiaries.