Del Mar, CA – Green Energy Live Inc (GELV), the growing clean energy company, is looking to focus their energies into the biomass to energy market. GELV has decided to put plans for ethanol production on the back burner for now.
The focused attention on the biomass to energy market will enable GELV to focus their lean resources as a small company. They will look to make a cost model work that bigger companies can’t get right, while at the same time look to stand alone, not dependent on green tax dollars or government incentives.
To this effect the Company 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.
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
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.
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Green Energy Live, Inc. (OTCBB: GELV), PMC-Sierra, Inc. (NASDAQ:PMCS), SLM Corporation (NYSE:SLM), New York Community Bancorp Inc. (NYSE:NYB), Novell Inc. (NASDAQ:NOVL), CA Inc. (NASDAQ:CA), Lincoln National Corporation (NYSE:LNC)
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Other Stocks to Watch:
PMC-Sierra, Inc. (PMC) designs, develops, markets and supports semiconductor solutions for the Enterprise Infrastructure market and the Communications Infrastructure market
SLM Corporation, known as Sallie Mae, is engaged in the business of originating, servicing and collecting student loans and/or their parents to finance the cost of their education
New York Community Bancorp, Inc. is a bank holding company. The Company offers multi-family mortgage loans in New York, with an emphasis on apartment buildings that feature below-market rents
Novell, Inc. develops, sells and installs enterprise software that is positioned in the operating systems and infrastructure software layers of the information technology (IT) industry.
CA Inc. (CA) is an independent information technology (IT) management software company. The Company develops and delivers software that helps organizations to manage IT throughout complex computing environments.
Lincoln National Corporation (LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. LNC, through the business segments, sells a range of wealth protection, accumulation and retirement income products and solutions.
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