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Company Information:
Green Energy Live Inc.
Karen Clark CEO/President
karenc@greenenergylive.com
1740 44th Street, Suite 5-230
Wyoming, MI 49519-6421
Telephone: 866-460-7336
FAX: (616) 582-5943 |
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| Internet: http://www.greenenergylive.com/ |
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WYOMING, MICHIGAN November 17, 2008
Green Energy Live, Inc. (GELV) is pleased to announce that it has signed a binding letter of intent to acquire 100% of the stock in Peck Electric, Inc. (PEI), a Vermont corporation on November 13, 2008.
Peck Electric is a full service electrical company that services all of Vermont. PEI provides all phases of wiring and electrical services for a home or business, such as troubleshooting problems with electrical wiring, electrical service upgrades, outlets, switches and lighting but not limited to. 24 hour emergency electrical service is available. PEI also designs and installs telecommunications voice and data networks for commercial enterprises. Peck Electric is fully licensed, insured, and has been in business since 1972. There will be GAAP audits by PCAOB approved auditors, The Rehmann Group, directed by their Grand Rapids, Michigan office.
Mr. Jeffrey Peck, President/CEO of Peck Electric, Inc. stated, "I am extremely excited to begin the process to become a subsidiary of a publicly traded company, Green Energy Live, Inc. We bring the expertise to the company that will provide for the design and development of the Green Energy systems planned by this company."
Karen Clark, President/CEO of Green Energy Live, commented, "We have looked at numerous situations to potentially increase shareholder value and we feel the acquisition of Peck Electric provides the best prospect of fulfilling that goal in the Northeast region. Peck Electric is a company with a long history of profitability and an equally long list of satisfied commercial companies who have contracted with Peck Electric for their electrical and telecommunications systems needs. Peck Electric has been doing some exciting work in the green industry and we look forward to the synergy that they bring to the table."
The team anticipates that the merger between GELVV and PEI will be completed in the next 60 days. |
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