OCTI Special Mid Day Announcement
Alvin Holt Newsletter
[http://www.listmanagerservices.com/link.phpM082058&N182&L473&F=T Octus Energy (OTCBB: OCTI.OB) is a smart energy efficiency company that significantly reduces energy costs for commercial and institutional building owners through the sale, implementation and management energy-efficient lighting, HVAC and energy automation systems. The market for Octuss solutions in the U.S. is an estimated $50 billion per year, based on the potential energy savings for commercial buildings. Octus monetizes the energy savings it creates through three business units:
Smart Energy Technologies: Proprietary and best-in-class energy-efficiency solutions including Wickool, a passive evaporative cooling solution exclusively licensed from the University of California and commercially demonstrated by major retailers.
Energy Project Development: Development, financing and management of commercial building energy retrofits, where the energy savings fund facility improvement. Octus and its partners have developed more than 1,500 energy-efficiency projects The Octus Smart Energy Platform (OctusSEP): A portfolio of smart devices, sensors, network appliances and software-enabled energy management services that enable building mana Octus Announces Definitive Agreements to Acquire Two Energy Companies DAVIS, CA–(Marketwire – 02/22/11) – Octus, Inc. (OTC.BB:OCTI [http://www.listmanagerservices.com/link.phpM082058&N182&L474&F=T – News [http://www.listmanagerservices.com/link.phpM082058&N182&L475&F=T), a leading building efficiency company, today announced the signing of a definitive agreement with Alternative Energy Partners, Inc. (OTC.BB:AEGY [http://www.listmanagerservices.com/link.phpM082058&N182&L476&F=T – News [http://www.listmanagerservices.com/link.phpM082058&N182&L477&F=T) to acquire one hundred percent of lan Energy Corp. and Sunarias Corporation in exchange for common shares of Octus. AEGY previously acquired lan Energy Corp. and its operating subsidiary, R.L.P. Mechanical Contractors, Inc., in a transaction with a stated value of $5 million, and acquired Sunarias in a transaction with a stated value of $2 million.
In addition, Octus signed a definitive agreement with Lin Han Equity Corporation to transfer majority ownership of Octus to Lin Han, in exchange for common stock in privately-held Healthcare of Today, Inc., and working capital to fund Octus`s growth strategy.
“The addition of lan Energy, a proven, profitable and vibrant HVAC and refrigeration efficiency contractor, immediately boosts Octus`s financial strength, customer offerings and market reach,” said Octus CEO Chris Soderquist. “Market demand for combined energy and water-saving solutions, coupled with utility company rebates and project financing, has increased steadily in the last few months and these transactions will enable Octus to aggressively pursue existing and new business opportunities.” As part of the transaction, the existing business operations of Octus will be transferred to a new, wholly-owned subsidiary operating company, and Octus will become a public holding company for its operating subsidiaries, providing administrative and related services to the entire corporate group.
Both transactions are expected to close by March 15, 2011 pending completion of standard closing activities and due diligence. A summary of the transactions and copies of the definitive agreements are available via a Form 8(k) filed by Octus today.
About Octus, Inc.
Octus, Inc. (OTC.BB:OCTI [http://www.listmanagerservices.com/link.phpM082058&N182&L474&F=T – News [http://www.listmanagerservices.com/link.phpM082058&N182&L475&F=T) is a leading building efficiency company headquartered in Davis, California that significantly reduces the utility costs of commercial and institutional buildings through energy-efficient lighting, HVAC and water management systems and products. Octus` project development division, Quantum Energy Solutions, has completed more than 1,500 smart energy projects for 300-plus clients including ARCO, Bank of America, Blockbuster, Chevron, Delta Airlines, Frito Lay, Hewlett-Packard, Home Depot, Ikea, Nabisco, Pepsi, Petco, Safeway, Sears, Siemens, and University of California.
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