Shaka Announces Official Corporate Name Change: RenuEn Corporation
Company Enhances Reorganization With New Corporate Identity to Reflect Its Position in the Solar & Renewable Energy Industry
(firmenpresse) - NEW YORK, NY and DOYLESTOWN, PA -- (Marketwire) -- 01/10/12 -- Shaka (PINKSHEETS: SHKZ), a leading globalization and corporate strategies firm, is pleased to announce that the Company has taken the next step in its corporate reorganization by officially changing its name to RenuEn Corporation, which more accurately reflects its operations. The change has been filed with the Florida Secretary of State, the state where Shaka was originally incorporated, and the Company's legal team is in communication with the appropriate organizations to make applicable notifications. The Company began its quest to re-create itself as the largest full-service provider of Residential and Commercial Solar Energy Systems in the US with the first in a series of three strategic acquisitions in the industry. Over the past 4 months, these acquisitions have increased revenues exponentially and added several tremendously experienced personnel to the team, creating a solar and renewable energy powerhouse with multiple locations across the country at an extremely rapid pace.
"We are thrilled to share this significant transition with our shareholders," stated James Scott, CEO of RenuEn Corporation. "While the groundwork for this change has been a year in the making, we have been very careful to make sure that our alliances, acquisitions, and affiliations were solidified and ready to become a single, unified entity."
The name, RenuEn Corporation, is an acronym derived from the market in which the Company now operates ("Renewable Energy"); and signifies the full-service nature of its involvement in the industry. RenuEn's business model is unique in that it is not relying on grant-based revenue, like so many of its competitors. "We plan to utilize our experience in sales and installation to generate revenues as opposed to being a grant based entity which has been the catalyst that cripples other alternative energy companies and holds them hostage to the complicated political process that governs grant distribution," Mr. Scott went on to say. "With this model we can offer the most up to date technologies to our client base by forming alliances with research and development entities seeking distribution partners."
RenuEn is in the process of notifying FINRA and the SEC of the name change and subsequently applying for a new CUSIP number, and eventually a coinciding ticker symbol. Various interviews and supplementary announcements will be released upon finalization of these actions, as well as the execution of additional strategic partnerships and alliances. "While we place due importance on keeping the public informed of the developments that are taking place within our company, we feel these announcements have the greatest impact on our shareholders when they are distributed based on absolute and final information. We take our responsibility as a public company very seriously and will continue to act in an accountable manner when providing information to the public," stated Mr. Scott.
RenuEn Corporation (formerly Shaka) focuses on Energy Audits, Geothermal, Wind and Solar Energy Systems sales and installation for the residential, commercial and governmental market place enhanced with a keen eye toward Economic Think Tank Participation specific to the Renewable Energy Industry. Our goal is to be the premier gateway to the renewable energy market for both technology developers and consumer solutions while providing leadership to an expansive and rapidly growing yet simultaneously fragile industry.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 10.01.2012 - 13:45 Uhr
Sprache: Deutsch
News-ID 102624
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY and DOYLESTOWN, PA
Kategorie:
Alternative Energy
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Shaka Announces Official Corporate Name Change: RenuEn Corporation"
steht unter der journalistisch-redaktionellen Verantwortung von
Shaka Shoes, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
