would like to highlight Dominovas Energy Corp.
), an energy solutions company dedicated to bringing clean, sensible and reliable power to areas of the world that lack this precious commodity. Recognizing the incredible growth and profit opportunities of the green and alternative energy markets, Dominovas Energy defined a sustainable deployment model to take a leading position among alternative green energy solutions providers.
In the company’s news,
Dominovas Energy Corporation (OTCQB: DNRG) has announced an agreement of principle terms to acquire Grupo Trébol Holding, a private global energy solutions company based in Guatemala City, Guatemala, with operations and strategic partnerships throughout Central and South America. According to the news release, Grupo Trébol operates with “minimal debt and more than ~US$2.5 million in verifiable assets, generating a number exceeding US$1 million in net operating profits with ~US$5 million in annual revenue.”
“The acquisition of Grupo Trébol catapults Dominovas Energy from a ‘pre-revenue’ company to an enterprise with a positive cash flow,” Eric Fresh, senior vice president of finance and investments with Dominovas, stated in the news release. “With this acquisition, Dominovas Energy has dramatically accelerated its goal to achieve net operating profits, which previously was set to commence in the next 9 – 12 months. The company now realizes immediate impact to its bottom line, while simultaneously and significantly bolstering its asset profile.”
Following this acquisition, Dominovas Energy is expected to be in a favorable strategic position to leverage a deeper suite of energy solutions for implementation across a collection of targeted global emerging markets, including those in Latin America.
“Using innovation for the generation, distribution and transmission of electricity, our combined corporate business models will serve as force-multipliers in supporting long-term growth within specific energy solution verticals. Dominovas Energy encourages growth through the replication and optimization of micro-grids using our proprietary RUBICON™, alongside other complementary and synergistic technologies such as Hydro and bio-mass, for the efficient delivery of power to governmental, industrial, and commercial customers worldwide,” added Michael Watkins, chief operating officer of Dominovas Energy.
Guatemala, in particular, is hailed as the ‘jewel’ of the Latin American electricity production and distribution market. Operating with a government mandated and planned mix of hydro, bio-mass, solar and geo-thermal energy systems, Guatemala is able to generate roughly 4,000MWs of power each year, with only 1,500MWs being consumed by the nation itself. The remaining power is provided to neighboring countries such as El Salvador, Nicaragua and Panama, allowing Guatemala to maintain profitability in its production and exportation of electricity.
Grupo Trébol maintains a position at the forefront of Guatemala’s diverse and sizable power generation market. This position, along with its cutting-edge approach to engaging the multiple market opportunities within Guatemala, has allowed Grupo Trébol to achieve strong growth and profitable market penetration in recent years. Following completion of the Dominovas Energy acquisition, Grupo Trébol is expected to build on this progress, benefitting from access to the company’s considerable technical prowess and project financing as it continues to flourish in the expanding Latin American power generation market and beyond.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.