HOUSTON--(BUSINESS WIRE)--Acro Energy Technologies Corp. (TSX Venture:ART) (the “Company”), a leading residential solar installation company, announces that it has engaged the services of Jesup & Lamont Securities Corp. (“Jesup & Lamont”) as placement agent and financial advisor to the Company for the purpose of raising additional capital by way of a private placement of equity or debt securities (the “Private Placement”). The Company is seeking additional capital in order to execute its strategic plan of acquiring suitable residential solar energy companies in the state of California and across North America.
Acro Energy CEO Harry Fleming stated, \"Jesup & Lamont is a respected and well-connected investment banking partner that we expect will bring a high level of knowledge and strategic advisement to our company. We look forward to working closely with Dan Nicholas and the rest of the Jesup & Lamont team.\"
Jesup will be acting as agent on a reasonable best efforts basis for this Private Placement, subject to completion of due diligence.
Thursday, July 23, 2009
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