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Montag, 16.09.2013 13:05 von | Aufrufe: 58

Energy Edge Technologies Corporation (EEDG) and Gourmet Wings CEO Sets Three-Step Strategic Plan to Reduce Debt, Reward Faithful Investors

Ein Business-Meeting (Symbolbild). © gilaxia / E+ / Getty Images

PR Newswire

ATLANTA, Sept. 16, 2013 /PRNewswire/ -- Energy Edge Technologies Corp. (OTC: EEDG) CEO James Boyd announces that EEDG will begin implementation of a Three Step Strategic Plan to continue the Company's track toward success. The steps are:

  1. EEDG will amend its Bylaws creating several series of Anti-Dilutive Convertible Preferred Shares to protect its shareholders and attract new acquisitions that are presently in negotiations. These securities will soon become available to the common shareholders who have been faithful to the Company during its early stages of development and through its transition.
  2. The mandate, moving forward, is to improve the Balance Sheet with aggressive debt reorganization techniques enabling the Company to become debt free as soon as practical. The Company is aggressively seeking new acquisitions to align with our Strategic Plan. Our vision for the future of the Company is to enhance our Consolidated Balance Sheet in Cash, Revenue, Accounts Receivable, and Assets.
  3. Many of these assets will be acquired through the use of the newly created Convertible Preferred Shares. As our plan unfolds, we expect to capitalize on management's three decades of experience in the restaurant industry, in particular franchising, to enhance shareholder value in the near term.

James Boyd, CEO of Energy Edge Technologies Corp. says, "The Three Step Strategic Plan is absolutely necessary in order to attract investment into EEDG. We believe it will enhance investor confidence, as we commit ourselves to remove affiliate & non-affiliate debt, increase revenues, and build net stockholder's equity on the Balance Sheet. This is a process that we are committed to forging ahead."

He further states, "We have recruited a team of very qualified professionals that will help us implement this strategy and our mandate; we plan to release more information about this professional team very soon."

About Energy Edge Technologies Corporation:

Energy Edge Technologies Corporation ("EEDG," "Energy Edge" and the "Company") was incorporated in New Jersey in January, 2004 and is the parent company of Energy Edge Solutions and The Gourmet Wing Company. Currently, Energy Edge Solutions specializes in energy cost and consumption reduction for mid to large sized companies, institutions and government entities. The Gourmet Wing Company is based in Atlanta, Georgia and specializes in bone-in and boneless tender and juicy on the inside, super crispy on the outside wings, covered with a choice of our proprietary sauces.  

FORWARD-LOOKING STATEMENT

EEDG cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.


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Media contact:  Tom Madden 561-750-9800 x211; tmadden@transmediagroup.com.  

SOURCE EEDG

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