Renewable Energy Equipment / Services
Novation Holdings Inc Announces Acquisition Of Controlling Interest In Solar Energy Initiatives Inc
Novation Holdings Inc announced that it has acquired a controlling interest in Solar Energy Initiatives Inc. in exchange for the stock of HB&G Inc., parent of HB&G Temecula, Inc., which operates a local-themed, entertainment focused, bar and restaurant in Temecula California. The parent, HB&G, Inc. plans to start additional, local themed entertainment restaurants in Southern California, Arizona, Texas and possibly Florida over the next three years. The acquisition was in exchange for a combination of SNRY common stock and a convertible preferred stock with voting power equal to 51% of all voting stock of SNRY. Although originally announced in April, 2013, the final closing and transfer could not be completed until certain open issues with the restaurant's landlord were resolved, which has just been done. Terms of the transaction were not disclosed.
Blue Earth Inc To Acquire A Company With Patented Demand Response Refrigeration Technology
Blue Earth Inc announced that it has signed a binding letter of agreement to acquire a company with patented demand response refrigeration technology. The acquisition will be through an exchange of BBLU common shares for all the ownership of the refrigeration technology company.
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