JACKSONVILLE, Fla., June 30, 2016 (GLOBE NEWSWIRE) -- Green Energy Enterprises, Inc. (OTC Pink:GYOG) ("GYOG" or "the Corporation") announces that BEO-ITS sought highly conditional terms that would result in substantial dilution to the existing shareholders.
The Corporation’s Board of Directors has carefully reviewed this acquisition consistent with the company’s continued focus on maximizing shareholder value and creating differentiated value for its customers, clients and other stakeholders in a dynamic, rapidly-evolving market. Based on a number of factors in the terms, unaddressed due diligence and the already existing and competitive nature of the new testing methodology for STDs, the Corporation determined that it is not in the best interests of the Corporation’s shareholders.
The Corporation’s mission is to be a leader in its industry market places. Effective execution of our focused strategy has driven a consistent track record of strong performance on closing acquisitions that are favorable to our shareholders. We set our targets to close on A-Cent Aviation, Inc. and Grow Your Own Greenz, Inc. which were both successfully acquired creating shareholder value. The Board is confident that the execution of our standalone strategic plan will generate shareholder value in excess of the BEO-ITS acquisition.
We are going to continue develop and grow our current operations and will be continuing to seek other potential acquisitions to increase our operations. Our flight operations are rapidly growing and revenues have nearly doubled since last year.
We are developing our new Green Energy Enterprises website and it will be launched in the near future. We welcome calls or emails from the investment community and encourage you to follow us on Twitter @GreenEnergyEnt.
The Corporation intends to provide additional updates in upcoming press releases.
Please feel free to contact Green Energy Enterprises, Inc. by email at Donnell@GreenEnergyEnt.com or Donnell J. Vigil by telephone for information or investment opportunities. Green Energy will continue to update our shareholders and the investment community as we progress.
ABOUT GREEN ENERGY ENTERPRISES, INC.
Green Energy Enterprises, Inc. owns and operates 4 wholly owned Subsidiaries.
- FLIGHT OPERATIONS
Based out of Jacksonville Florida, the corporation owns and operates two (2) flight and drone training schools. The schools, A-Cent Aviation, Inc. and Atlantic Aviation, Inc. focus on continuing education. A-Cent is SEVIS/SEVP (http://www.ice.gov/sevis/) certified to provide training to foreign students. Both flight operations use the certified Cessna Pilot Training curriculum for our flight students (http://www.cessna.com/learn-to-fly.html). Atlantic Aviation is an FAA Part 61 flight school and tailors its training to recreational flying and aircraft rental. A-Cent is an FAA Part 141 flight school (www.faa.gov), operates an FAA Part 91 Commercial Air Tour Operation, Computer Assisted Testing Service (CATS) (http://www.catstest.com) and a Comira testing facility (http://www.comiratesting.com). We offer flight training, drone training, bi-annual reviews, sight-seeing tours, photography flights and will accept VA benefits under the GI bill (http://www.gibill.va.gov/). A-Cent provides light sport training and ground instruction for individuals and corporations seeking to operate Drones commercially and assist with drafting FAA Exemption 333 filings. Atlantic Aviation, Inc. is a recipient of an AOPA Excellence Award for 2012 and recognized as one of the top 50 flight school in the country. (http://flighttraining.aopa.org/awardwinners/2012winners.html). Both flight operations offer Light Sport training and are the only Light Sport training school in the Northern part of Florida. Schedule a Romance Flight with A-Cent Aviation or an Intro Flight with A-Cent or Atlantic Aviation. Look for discount offers we provide through Groupon (www.groupon.com), Living Social (www.livingsocial.com) or Local Flavor (www.localflavor.com). GYOG also owns a holding company Quasar Aircraft Corporation which holds and manages the aircraft used in GYOG’s flight operations.
Text “Start” to (904) 310-4829 for offers, deals and updates on new programs and aircraft available offered by A-Cent Aviation, Inc.
- HYDROPONIC GROW STORE
GYOG owns Grow Your Own Greenz, Inc., a hydroponic grow store in Colorado and is an ancillary service provider to the legal medical marijuana industry and organic agriculture industry. The Company sells everything needed to facilitate a one-stop shop for full hydroponic grow systems, equipment, supplies and nutrients. We offer trimmer rentals, installation and delivery. No job is too small or large for our knowledgeable staff to handle. Feel free to give us a call to answer questions about your grow. We have beginner grower deals available for the first time grower. Visit our Ecommerce site (www.GYOGz.com).
Contact: Green Energy Enterprises, Inc.
Telephone: (904) 207-6503 or (904) 207-6502
Website: coming soon www.GreenEnergyEnt.com
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Source:Green Energy Enterprises, Inc.