Here Enterprises Adding New Revenue Stream via Agreement with Established Wind Turbine Manufacturer
LAS VEGAS, Jan. 19, 2011 /PRNewswire/ -- Here Enterprises Inc. (Pink Sheets: HRTE), a growing developer of clean wind energy, today announced a new strategic direction to increase revenue and profitability. Here Enterprises is engaged in developing wind energy facilities on its newly acquired Cycle Ranch project. On December 30, 2010, Here Enterprises signed an agreement with A&C Green Energy Inc. to resell A&C's high performance wind turbine systems, creating a new revenue stream for the Company.
Here Enterprises will implement A&C Green Energy's wind turbines, inverters and poles to generate clean wind power at its Cycle Ranch wind farm, leveraging advantageous dealer pricing. The Company will also engage in reselling A&C's wind power equipment to residential, commercial, industrial, and agricultural customers, providing product sales, consulting and project management services.
Established wind technology provider A&C Green Energy of Dallas, Texas was founded in 1999. The Company specializes in manufacturing, integrating and marketing highly efficient wind systems including its Talon and PowerMax+ small wind generators, inverters and poles. A&C Green Energy's turbines are currently generating wind power in North America, Central America, Asia, Africa, Australia and Europe.
Jeff Lee, A&C Green Energy's Technical Director, commented: "A&C Green Energy is proud to partner with Here Enterprises. We are committed to providing quality wind turbines for Here Enterprises and join with them to support the production of wind power."
Mark Ryun, CEO of Here Enterprises, commented: "We are extremely pleased to announce our agreement with wind power technology and manufacturing leader A&C Green Energy. This strategic relationship will provide an excellent advantage to Here Enterprises as we move forward with the development of wind parks beginning with our Cycle Ranch site. We are proud to offer A&C's best in class turbine systems, are excited to pursue the increased opportunity to generate revenue from sales, consulting and implementation of the Talon and PowerMax+ systems, and will work hard to promote the development of clean, renewable wind energy."
Here Enterprises acquired its first wind energy development project, Cycle Ranch, in September of 2010. The Company is engaged in planning and developing wind energy generation facilities on the Cycle Ranch site in conjunction with its operating commercial motocross speedway business.
About Here Enterprises Inc. (HRTE.PK)
Here Enterprises is a developer of wind power, our nation's fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HRTE has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect HRTE's current beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the HRTE's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HRTE undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.
SOURCE Here Enterprises Inc.
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