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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 – (Business Wire) – January 7, 2009
Green Energy Live, Inc. (OTC BB:
GELV.OB) (the "Company") is pleased to announce that it has signed a binding letter of intent to acquire 100% of the stock in Comanche Livestock Exchange, LLC (CLEI), a Texas limited liability corporation, on January 6, 2009. The transaction is subject to the execution of definitive documents.
Comanche Livestock Exchange is dedicated to serving the large and small cattle producer. Auction sales start
at 12:00 noon every Saturday (with the exception of holiday's). Livestock sold include: Sheep, Goats, Breed
Cows, Packer Cows, Replacement Cows, Cow / Calf Pairs, Bulls, Yearling Steers & Heifers, Bottle Calves, and
even the occasional Donkey or Llama. Comanche also offers a wide array of services including: Catch
Services, Hauling, Portable Penning, Problem Cow Removal, & General Livestock Working. Comanche offers
several options including: Live Auction Market, Private Treaty Sales, and/or Online Sales.
Mr. Dean Cagle, owner of Comanche Livestock Exchange stated, "By becoming part of Green Energy
Live, Inc., we can now offer more services to our customers through offering them energy
independence using the animal waste produced by their own operations. Our customers will benefit
by eliminating a cost to their operation (disposing the animal waste) and save on their energy costs at
the same time. Our contacts in the beef and dairy industry provides Green Energy Live with a huge
potential customer base for its biomass to fuel system."
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 Comanche Livestock
Exchange provides the best prospect of fulfilling this goal. Comanche Livestock Exchange is a
company with a long history of profitability and an equally long list of satisfied ranch operations who
have done business with this company that we can, in turn, introduce our planned biomass to fuel
energy systems. This acquisition represents the kind of synergy we are looking for in this market."
Terms of the proposed transaction call for GELV to purchase 100% of the outstanding stock of CLEI and its assets. The letter of intent is subject to the execution of a definitive agreement which will contain conditions to closing. A closing is anticipated to take place within the next 60 days. |
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