Auckland, New Zealand, July 7, 2010 –World Energy Holdings (WEH) continues to march forward in its goal of becoming the most profitable renewable energy firm in the world. Currently they are completing the final steps that will feature WEH on the Frankfurt Exchange (Deutsche Börse).
NOTE: WEH has engaged a team of expert advisors to prepare the comprehensive prospectus required to enable WEH shares to be offered to the public (Prospectus). No shares will be offered to the public until the Prospectus has been issued. The detailed information contained in the Prospectus will supersede any statements contained in this press release.
The listing company will include all assets consisting of technology, intellectual property, patents, trademarks, licensing, manufacturing rights, and land acquisitions. Adding in their current projects could place the company at over one billion dollars in commissionable assets, with zero corporate debt.
This growth will free up capital for large placements, streamlining the expansion of active projects. One example is WEH’s current joint venture with Blue Energy Canada, considering completion costs of roughly five hundred million dollars.
With the world’s current energy catastrophes, there is a clear shift we need to make in fostering environmentally friendly energy. WEH’s cause is to facilitate avenues in harnessing clean energy for this, and future generations. In doing so, we need to minimize our footprint and reverse the grave mistakes made in the world today.
The company has also branched out into the energy news sector. World Energy Media was formed in early 2010 and is now considered one of the premier web based services for energy news and information. The informative site features energy jobs, events, podcasts, broadcasts, and many more resourceful tools.
WEH asset holdings stretch across Central and South America, North America, Europe, and New Zealand. Its global landscape makes WEH not only an industry leader; it maintains the corporate vision of social responsibility and change.