Atlantic Energy Solutions Fiscal Year '08 Performance Supports a Stronger 2009
08 Abril 2009 - 10:00AM
Marketwired
Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to
announce that they completed their 2008 fiscal year with annual
revenues equaling $7.9M, a 36% increase in revenue over the same
period in 2007 and that the Company is expecting much of the same
in 2009 and 2010. Net income for the period ending December 31,
2008 was $535,000, or slightly less than 2007 due to Company
investment in new markets and energy related projects. Shareholder
value increased by over 100% and the Company market cap increased
to $35.9M from $9M during 2008.
The Company submitted its YE08 annual report for publication on
April 7, 2009 and is now awaiting final approval from the review
board so that it may be posted on the Pink Sheets
(www.pinksheets.com) Board.
According to Tim Brock, CEO of Atlantic Energy Solutions, "We
are pleased with our results and we are confident that decisions
made over the years to achieve our market position in the energy
sector are now paying off. We acknowledge that global economic
conditions are affecting all businesses and that Atlantic Energy is
no exception. The Company is constantly assessing its capital
requirements in support of shareholder value and client objectives.
While the economic climate is daunting, we are confident in the
stated growth of the energy sector and that Atlantic Energy will
continue to be awarded with projects at a similar if not greater
pace as we have in the past."
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy
Efficiency and Resource Company and member of NAESCO
(www.Naesco.org) that identifies, implements, and finances energy
efficiency projects designed to improve overall efficiency of
energy, water usage and renewable resources, reducing dependency on
foreign oil and diminishing our carbon footprint. Headquartered in
Saratoga Springs, NY and with a satellite office in Fairfield, NJ,
Atlantic Energy Solutions assesses the energy demands and usages of
municipal, corporate and industrial complexes to improve
conservation and apply measures to bolster savings at the consumer
level.
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Atlantic Energy Solutions Inc., and members
of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-statements include, but are not limited to,
fluctuation of operating results, the ability to compete
successfully and the ability to complete before-mentioned
transactions. The company undertakes no obligation to update or
revise any forward-looking statements.
CONTACT: Rich Inza ir@atlanticenergy.net 1-866-788-1600
www.atlanticenergy.net
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