From the Wires
RenuEn Corporation Announces the Filing of 2011 - 2012 Financial Reports to OTC Markets, LLC
By: Marketwired .
Jan. 11, 2013 02:14 PM
ST. CLOUD, FL -- (Marketwire) -- 01/11/13 -- RenuEn Corporation (PINKSHEETS: RENU), a Power Project Development company, announces that their unaudited financial statements have been filed with OTC Markets, LLC. The financials encompass both 2011 and 2012 fiscal years with the addition of the 4th quarter 2012.
Don Wood, CEO of RenuEn, stated, "Completing this milestone is a major accomplishment for an early stage publicly traded company like RenuEn. This latest action is an important part of our plan to up-list to a major U.S. Stock Exchange. We have a clear view of our destination as a business and well-defined strategies for driving value going forward. Prior to the Team Energy merger, RenuEn chose not to file financials for most of 2011 and all of 2012. Since I became CEO, one of my first priorities was to get these financials into OTC Markets for the shareholders. It has taken longer than expected, but we have significantly cleaned up the balance sheet and capital structure. This positions the company favorably going forward."
Mr. Wood continues: "We have very vocal shareholders who have made their displeasure crystal clear concerning the lack of transparency in regards to our financials, and I am pleased to provide them and the investing public with our filings. I am very grateful for the continued support from our shareholders, and believe that we as a company can focus on the future, rather than the past."
The financials will be available by the end of business today at: www.otcmarkets.com/stock/RENU/company-info
About RenuEn Corporation
RenuEn Corporation is a Power Project Development company. The company focuses on Landfill Compressed Natural Gas capture and International Renewable Power projects.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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