Before the opening bell, Dominovas
Energy Corporation (OTCQB: DNRG) announced an agreement of principle terms to
acquire Grupo Trébol Holding, a private global energy solutions company based
in Guatemala City, Guatemala, with operations and strategic partnerships
throughout Central and South America. According to the news release, Grupo
Trébol operates with “minimal debt and more than ~US$2.5 million in verifiable
assets, generating a number exceeding US$1 million in net operating profits
with ~US$5 million in annual revenue.”
“The acquisition of Grupo Trébol
catapults Dominovas Energy from a ‘pre-revenue’ company to an enterprise with a
positive cash flow,” Eric Fresh, senior vice president of finance and
investments with Dominovas, stated in the news release. “With this acquisition,
Dominovas Energy has dramatically accelerated its goal to achieve net operating
profits, which previously was set to commence in the next 9 – 12 months. The
company now realizes immediate impact to its bottom line, while simultaneously
and significantly bolstering its asset profile.”
Following this acquisition,
Dominovas Energy is expected to be in a favorable strategic position to
leverage a deeper suite of energy solutions for implementation across a
collection of targeted global emerging markets, including those in Latin
America.
“Using innovation for the
generation, distribution and transmission of electricity, our combined
corporate business models will serve as force-multipliers in supporting
long-term growth within specific energy solution verticals. Dominovas Energy
encourages growth through the replication and optimization of micro-grids using
our proprietary RUBICON™, alongside other complementary and synergistic
technologies such as Hydro and bio-mass, for the efficient delivery of power to
governmental, industrial, and commercial customers worldwide,” added Michael
Watkins, chief operating officer of Dominovas Energy.
Guatemala, in particular, is
hailed as the ‘jewel’ of the Latin American electricity production and
distribution market. Operating with a government mandated and planned mix of
hydro, bio-mass, solar and geo-thermal energy systems, Guatemala is able to
generate roughly 4,000MWs of power each year, with only 1,500MWs being consumed
by the nation itself. The remaining power is provided to neighboring countries
such as El Salvador, Nicaragua and Panama, allowing Guatemala to maintain
profitability in its production and exportation of electricity.
Grupo Trébol maintains a position
at the forefront of Guatemala’s diverse and sizable power generation market.
This position, along with its cutting-edge approach to engaging the multiple
market opportunities within Guatemala, has allowed Grupo Trébol to achieve
strong growth and profitable market penetration in recent years. Following
completion of the Dominovas Energy acquisition, Grupo Trébol is expected to
build on this progress, benefitting from access to the company’s considerable
technical prowess and project financing as it continues to flourish in the
expanding Latin American power generation market and beyond.
For more information, visit
www.dominovasenergy.com
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