Del Mar, CA – Green Energy Live Inc (GELV) announced on February 23rd, 2010 that it has updated its letter of intent to acquire 100% of the stock in Peck Electric, a Vermont based provider of electrical contracting services that generated $6 million in gross revenue in 2009.
Peck Electric is Vermont’s leading provider of electrical contracting services and has been in business since 1972. Clients have included IBM, UPS, Energizer Battery Co. and Ben & Jerry’s. The company provides commercial and residential electrical contracting, installation of telecommunications systems and develops clean energy products.
This will be GELV’s second acquisition, after the company acquired Comanche Livestock Exchange in July 2009 and the deal will further enhance GELV’s ability to penetrate the energy market
Upon completion of due diligence and financial audits in March 2010, GELV and Peck Electric will determine a closing date for the acquisition, with both parties at this point looking forward to the acquisition.
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Green Energy Live, Inc. (OTCBB: GELV), Yamana Gold Inc. (USA) (NYSE:AUY), UnitedHealth Group Inc. (NYSE:UNH), Symantec Corporation (NASDAQ:SYMC), Marvell Technology Group Ltd. (NASDAQ:MRVL), Smith International, Inc. (NYSE:SII), Southwest Airlines Co. (NYSE:LUV)
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Other Stocks to Watch:
Yamana Gold Inc. (USA) (NYSE:AUY)
Yamana Gold Inc. is a Canada-based gold producer engaged in gold mining and related activities, including exploration, extraction, processing and reclamation.
UnitedHealth Group Inc. (NYSE:UNH)
UnitedHealth Group Incorporated (UnitedHealth Group) is a diversified health and well-being company.
Symantec Corporation (NASDAQ:SYMC)
Symantec Corporation (Symantec) provides security, storage and systems management solutions to help businesses and consumers secure and manage their information.
Marvell Technology Group Ltd. (NASDAQ:MRVL)
Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products.
Smith International, Inc. (NYSE:SII)
Smith International, Inc. (Smith) is a provider of products and services used during the drilling, completion and production phases of oil and natural gas development activities.
Southwest Airlines Co. (NYSE:LUV)
Southwest Airlines Co. is a passenger airline that provides scheduled air transportation in the United States. As of December 31, 2009, the Company had 537 active Boeing 737 aircraft serving 68 cities in 35 states throughout the United States.
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