Del Mar, CA – Green Energy Live Inc (GELV), well soon have their second acquisition wrapped up according to news from the company. The acquisition will further enhance GELV’s ability to penetrate the clean energy market.
The company released information stating that the acquisition of Peck Electric has entered into its final stages, with final due diligence and financial audits to be carried out this month. The parties intend to sign a definitive agreement and close the purchase transaction by April 25, 2010.
GELV uses proprietary gasification technology for the development of highly innovative, on-site manure to electricity conversion systems. This enables farmers to convert bio waste into clean renewable energy. This technology looks to solve a growing problem within the $154 billion U.S. livestock industry, that of animal waste.
Peck has been in business since 1972 and has built up a solid reputation in the Vermont area and has clients that include IBM, UPS, Fletcher Allen Health Care, University of Vermont and Champlain College.
Jeff Peck, President of Peck Electric, commented: “Peck generated $6 million in gross revenue in calendar year 2009. We believe our established electrical contracting services business will be significantly augmented by our new clean energy initiatives as well as exposure to the public markets. We are eager to combine forces with Green Energy Live.”
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StockSource.us (www.StockSource.us) Reports on Stocks to Watch:
Green Energy Live, Inc. (OTCBB: GELV), The Kroger Co. (NYSE:KR), Juniper Networks Inc. (NYSE:JNPR), The Bank of New York Mellon Corporation (NYSE:BK), Xilinx Inc. (NASDAQ:XLNX), Williams Companies Inc. (NYSE:WMB), Ciena Corporation (NASDAQ:CIEN), Ford Motor Company (NYSE:F)
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Other Stocks to Watch:
The Kroger Co. (NYSE:KR)
The Kroger Co. is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets
Juniper Networks Inc. (NYSE:JNPR)
Juniper Networks, Inc. designs, develops and sells products and services that together provide its customers with network infrastructure that creates responsive and trusted environments for accelerating the deployment of services and applications over a single network.
The Bank of New York Mellon Corporation (NYSE:BK)
The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company.
Xilinx Inc. (NASDAQ:XLNX)
Xilinx, Inc. (Xilinx designs, develops and markets complete programmable logic solutions
Williams Companies Inc. (NYSE:WMB)
The Williams Companies, Inc. (Williams) is a natural gas company. The Company primarily finds, produces, gathers, processes and transports natural gas.
Ciena Corporation (NASDAQ:CIEN)
Ciena Corporation is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video, and data traffic.
Ford Motor Company (NYSE:F)
Ford Motor Company (Ford) is a producer of cars and trucks. The Company and its subsidiaries also engage in other businesses, including financing vehicles.
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