Allora Minerals, Inc. Commences Trading
MELBOURNE, AUSTRALIA, Jul 10 (MARKET WIRE) --
Allora Minerals, Inc. (OTCBB: ALRL) announced today that it has commenced
trading, having recently signed an asset and stock purchase agreement
with EPOD Solar, Inc., a vertically integrated solar company with
operations in North America and Europe.
EPOD Solar's business covers key phases of solar power production business
operations from panel manufacturing to power generation. Leveraging a
customized and proprietary manufacturing and operating process, EPOD Solar
is developing and operating a portfolio of wholly owned solar parks. It
also builds solar panels primarily for deployment in its own solar parks
by way of a customized manufacturing process and installs the solar panels
through its internally developed operating expertise.
Throughout Europe and North America, EPOD Solar has developed operating
solar projects producing about 1,500 kWp of capacity. It currently has
additional projects in development in excess of 100MW.
Michael Matvieshen, President and CEO of EPOD, said, "Today is another key
milestone achieved for EPOD Solar. We are looking forward to the
opportunity to increase our shareholder base through the public markets
and believe that EPOD is well positioned for growth going forward, which
should translate into increased shareholder value."
Allora Minerals currently has approximately 5.69 million shares
outstanding on a fully diluted basis. The company intends to change its
name and stock trading symbol to more accurately reflect the underlying
business and its operations.
About EPOD Solar
EPOD Solar, Inc. ("EPOD" or the "Company") is a vertically integrated
solar energy company that develops and operates a portfolio of solar
parks in Europe and North America. EPOD's business covers key phases of
solar power business operations from panel manufacturing to power
generation. It manufactures solar panels for deployment in its own solar
parks and installs the solar panels through its internally developed
expertise. For more information about EPOD Solar, go to
http://www.epodsolar.com.
FORWARD-LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the
business of Allora Minerals, Inc. ("Allora"), which can be identified by
the use of forward-looking terminology such as "believes," "expects" or
similar expressions. Such forward-looking statements involve known and
unknown risks and uncertainties, including all business uncertainties
relating to reliance on a limited number of customers, market demand,
cyclical nature of our markets, reliance on key personnel, future capital
requirements, competition in general and other factors that may cause
actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Certain of these risks and
uncertainties are or will be described in greater detail in our filings
with the Securities and Exchange Commission. These forward-looking
statements are based on Allora's current expectations and beliefs
concerning future developments and their potential effects on the company.
There can be no assurance that future developments affecting Allora will
be those anticipated by Allora. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond the control of
the Company) or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by
such forward-looking statements. Allora undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required under applicable securities laws. All information in this press
release is as of July 10, 2009 and Allora undertakes no duty to update
this information unless required by law.
Contact:
Aspire Clean Tech Communications, Inc.
Todd M. Pitcher
858-518-1387 or 760-798-4839
Corporate Communications
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