Acro Energy Announces Annual Meeting Results
HOUSTON, Texas (June 25, 2010) – Acro Energy Technologies Corp. (TSX Venture: ART) announced that shareholders approved all of the resolutions brought before them at the Annual Meeting of Shareholders held on June 21, 2010.
The following directors were duly re-elected at the meeting: Harry Fleming, Robert N. Kreamer, Kenneth J. Klein, Thomas O. Foster, III, and Douglas Samuelson. Additionally, Jim Havelka was newly elected to the Board of Directors.
Mr. Havelka is the Managing Director and National Practice Leader for the Government and Infrastructure practice at Alvarez & Marsal, a global professional services firm. Prior to Alvarez & Marsal, Mr. Havelka spent 8 years with BearingPoint, most recently as a Senior Vice President responsible for the Sales and Strategic Development Segment within the Global Public Services business unit. Mr. Havelka’s educational background includes an MBA from Rice University and BS and MS degrees in Mechanical Engineering from Texas A&M University.
At the meeting, shareholders also approved and ratified the Company’s stock option plan and appointing Calvetti, Ferguson & Wagner, P.C., as the auditors of the Company.
The Company also announces the grant of stock options to an officer and director of the Company to purchase 725,000 common shares of the Company. 225,000 of the options are at an exercise price of $0.225 per share and 500,000 of the options are at an exercise price of $0.24 per share. All options are for a term of five years and vest over a period of three years.
About Acro Energy
Acro Energy Technologies Corp. is focused on the consolidation and growth of renewable energy companies, primarily in the United States residential solar energy installation market. Acro Energy provides practical solutions to individuals, businesses, non-profit organizations, and governmental entities that can benefit from the value of solar power. As a high end system integrator, Acro Energy offers quality products from leading solar module manufacturers including SunPower, Suntech, and Sharp and residential solar financing plans from SunRun, the nation’s leading provider of home solar financing. Acro Energy continues to evaluate acquisition candidates across North America.
For more information, please visit www.acroenergy.com or email info@acroenergy.com.
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.