Del Mar, CA – Green Energy Live Inc.(GELV) is continuing its strong push into the clean energy market by entering the final stages of its second acquisition. Peck Electric is a leading supplier of electrical contracting services in Vermont and will further GELV’s goal of green energy.
A strong factor in GELV’s decision to buy has been Peck’s economic resilience in the downturn economy. The company has not only shown a solid financials but will also be adding new clean energy initiatives to revenue streams.
Karen Clark, President/CEO of Green Energy Live, commented: "Peck Electric is a solid, well-run company with multiple and consistent revenue streams as well as potential for significant expansion in clean energy offerings. In spite of extremely tough economic conditions Peck maintained its revenue levels last year, generating $6 million in gross revenue in 2009 as it did in 2008. Green Energy Live is extremely pleased to be moving forward with the acquisition of this growing enterprise."
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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Green Energy Live, Inc. (OTCBB: GELV), Seagate Technology (NASDAQ:STX), NVIDIA Corporation (NASDAQ:NVDA), XTO Energy Inc. (NYSE:XTO), The Dow Chemical Company (NYSE:DOW), Fifth Third Bancorp (NASDAQ:FITB), Corning Incorporated (NYSE:GLW)
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Other Stocks to Watch:
Seagate Technology (Seagate) is engaged in the design, manufacture and marketing of hard disc drives.
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.
XTO Energy Inc., along with its subsidiaries, are engaged in the acquisition, development, exploitation and exploration of both producing oil and gas properties and unproved properties, and in the production, processing, marketing and transportation of oil and natural gas.
The Dow Chemical Company (Dow) is engaged in the manufacture and sale of chemicals, plastic materials, agricultural and services, and other specialized products and services.
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
Corning Incorporated (Corning)is a technology-based corporation that operates in five reportable business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences
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