Del Mar 3/19/2010 7:00:00 PM
News / Business

GELV Signs Letter of Intent

Second acquisition in closing stages

Del Mar, CA – Green Energy Live Inc. (GELV) is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry.

 

The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy

Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live's ability to bring its clean energy technology to market by supporting technology development, livestock industry experience, contacts with potential customers, and an established sales channel.

 

The company has executed a letter of intent to acquire Peck Electric, a leading electrical contracting services company, based in Vermont. However, the letter of intent is not a binding agreement, the transaction is contingent upon the satisfactory completion of due diligence, there is no assurance the transaction will be completed, and the anticipated closing date may be extended if certain terms and conditions are not met.

 

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StockSource.us (www.StockSource.us) Reports on Stocks to Watch:

 

Green Energy Live, Inc. (OTCBB: GELV), Weatherford International Ltd. (NYSE:WFT), Seagate Technology (NASDAQ:STX), NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NYSE:AMD), Fifth Third Bancorp (NASDAQ:FITB), KeyCorp (NYSE:KEY)

 

Featured Stock:

GREEN ENERGY LIVE, INC.

(OTC BB: GELV)

www.StockSource.us/focusstock/gelv

 

 

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Other Stocks to Watch:

 

 

 

Weatherford International Ltd. (NYSE:WFT)

 

 

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.

 

 

 

Seagate Technology (NASDAQ:STX)

 

 

Seagate Technology (Seagate) is engaged in the design, manufacture and marketing of hard disc drives.

 

 

 

NVIDIA Corporation (NASDAQ:NVDA)

 

 

NVIDIA Corporation (NVIDIA) is a provider of visual computing technologies and the inventor of the graphic processing unit (GPU), a processor, which generates graphics on workstations, personal computers, game consoles and mobile devices.

 

 

 

Advanced Micro Devices, Inc. (NYSE:AMD)

 

 

Advanced Micro Devices, Inc. (AMD) is a global semiconductor company. The Company designs and sells microprocessors, chipsets and graphics processors.

 

 

 

Fifth Third Bancorp (NASDAQ:FITB)

 

 

Fifth Third Bancorp (the Bancorp) is a diversified financial services company. The Bancorp operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors.

 

 

 

KeyCorp (NYSE:KEY)

 

 

KeyCorp is a bank holding company and a financial holding company. It is the parent holding company for KeyBank National Association (KeyBank), its principal subsidiary, through which its banking services are provided

 

 

 

 

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