Atlan Completes Divestiture to Focus on Solar Energy Markets
Posted on: Thursday, 6 December 2007, 12:00 CST
Atlan International Holdings Corp. (FRANKFURT: QV8) (PINKSHEETS: ATLI), a global development, marketing, sales and acquisition company, today announced that the company has completed the divestiture of all subsidiaries which are not related to the alternative energy industry.
"We are pleased with our progress in divesting products and technologies that are outside of our current focus," commented Henry Val, chief executive officer of Atlan. "Atlan's growth strategy is focused on the renewable and solar energy industries. The successful divestiture of these assets is a key part of our team's progress towards profitability, cash flow and predictability for Atlan."
On September 25, 2007 Atlan announced that it had entered into a long-term Strategic Alliance Agreement with Pacific Seaboard Ltd. to jointly develop renewable energy projects. The company intends to continue to reflect its new focus on the renewable energy market. The company also intends to complete its audit and other necessary documentation to become a reporting company.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
Contact: Atlan International Holdings Corp. Henry Val Email Contact +1.609.945.2238
SOURCE: Atlan International Holdings Corp.
Source: MARKET WIRE
Related Articles
- Welwind Energy International Announces Letter of Financing for $120M With Global Financial & Capital Corp. For Wind Farm Projects
- Welwind Energy International Adds An Additional 49.5 MW Windfarm to Its Holdings and Provides Update Regarding Zhanjiang Project
- Welwind Energy International Corp. Announces Corporate Update
- Ludlow China Upgrades Research Opinion On Welwind Energy International Corp.
- Power Purchase Agreement Update From Welwind Energy International Corp.
- International Oil & Gas Holdings Corp. Announces Reverse Stock Split
- Welwind Energy International Corp. Opens New Corporate Office in Yangxi, China
- Sustainable Power Corp. And Farmers Sustainable Energy International Execute Definitive Joint Venture Agreement
- Welwind Energy International Corp. Announces Turbine Installation to Begin
- Ludlow China Fund Upgrades Welwind Energy International Corp.
 |
 |
User Comments (0)
RSS Feeds