NITRO, W.V., Might 3, 2021 /PRNewswire/ — Power Companies of America Company (the “Firm” or “Power Companies”) (OTC QB: ESOA) introduced that its Nitro Development Companies Inc. (“Nitro“) subsidiary accomplished the acquisition of considerably all of the belongings of Revolt Power, Inc. (“Revolt Power”), a photo voltaic set up firm situated in Nitro, West Virginia. Based in 2019, Revolt Power is a pacesetter in residential photo voltaic initiatives in southern West Virginia that’s increasing its focus to the business and industrial markets.
The asset buy, accomplished on April 30, 2021, marks Nitro’s dedication to the rising photo voltaic and renewable power business. Revolt Power is within the means of finishing a 487-kilowatt photo voltaic array system consisting of roughly 1,200 photo voltaic panels that may quickly energy Nitro’s workplace and fabrication store amenities. Nitro and Revolt Power will probably be internet hosting an open home on Might 7th from 11 a.m. to 2 p.m. at 4300 1st Avenue, Nitro, WV for the general public to see the present venture and be taught concerning the photo voltaic business.
Douglas Reynolds, President, commented on the announcement. “We’re enthusiastic about this enterprise into the photo voltaic and renewable power business and see this as a market with an incredible alternative for future progress. With the present venture at our Nitro facility, Revolt Power is proving they will excel at large-scale business installations in addition to residential.” Reynolds continued, “This acquisition presents pure synergies with Nitro’s present electrical capabilities and can assist diversify the providers provided to our present prospects and can open doorways for brand new alternatives.”
Sure statements contained within the launch together with, with out limitation, the phrases “believes,” “anticipates,” “intends,” “expects” or phrases of comparable import, represent “forward-looking statements” throughout the which means of part 21E of the Securities Alternate Act of 1934, as amended (the “Alternate Act”). Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements of the Firm expressed or implied by such forward-looking statements. Such elements embrace, amongst others, normal financial and enterprise situations, modifications in enterprise technique or improvement plans, the impact of the COVID-19 pandemic, the mixing of acquired enterprise and different elements referenced on this launch. Given these uncertainties, potential traders are cautioned to not place undue reliance on such forward-looking statements. The Firm disclaims any obligation to replace any such elements or to publicly announce the outcomes of any revisions to any of the forward-looking statements contained herein to mirror future occasions or developments.
SOURCE Power Companies of America