Acro Energy Retains Jesup & Lamont Securities Corp.
FOR IMMEDIATE RELEASE
Date July 23, 2009 – Houston, TX – Acro Energy Technologies Corp. (TSX Venture: ART) (the “Company”), a leading residential solar installation company, announces that it has engaged the services of Jesup & Lamont Securities Corp. (“Jesup & Lamont”) as placement agent and financial advisor to the Company for the purpose of raising additional capital by way of a private placement of equity or debt securities (the “Private Placement”). The Company is seeking additional capital in order to execute its strategic plan of acquiring suitable residential solar energy companies in the state of California and across North America.
Acro Energy CEO Harry Fleming stated, "Jesup & Lamont is a respected and well-connected investment banking partner that we expect will bring a high level of knowledge and strategic advisement to our company. We look forward to working closely with Dan Nicholas and the rest of the Jesup & Lamont team."
Jesup will be acting as agent on a reasonable best efforts basis for this Private Placement, subject to completion of due diligence.
About Acro Energy Technologies Corp.
Acro Energy Technologies is focused on the consolidation and growth of renewable energy companies, primarily in the residential solar energy installation market. Acro Energy Technologies continues to evaluate suitable acquisition candidates across North America.
On Behalf of the Board of Directors,
Douglas A. Samuelson, Executive Vice President
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.