Completes First Step in Process to Become SEC Reporting
New York, NY, May 01, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Alternus Energy Inc. (OTC: ALTN) (the “Company”, “Alternus Energy” or “Alternus”), a global renewable energy company, today announced that its 2016 and 2017 annual financial audits have been completed. Marcum LLP issued an opinion on Alternus Energy’s audited financial statements, which have now been filed with the OTC Markets.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China, and Ireland.
The filings and disclosures are available here:
Vincent Browne, Alternus Energy’s Chief Executive Officer, President and Chairman, commented, “This is another significant milestone in the development of Alternus as we strive to elevate the Company’s capital markets position by up-listing to a US National Exchange at the earliest opportunity. Such a move will make the Company more accessible to a wider investor audience. Finalizing our 2016 and 2017 audits is a necessary first step towards that goal. Having an independent issued opinion on our results from Marcum LLP shows our commitment to taking the necessary steps to build investor confidence.
“While we continue to grow our business by acquiring additional PV solar parks across Europe to further enhance our long term government counterparty income streams, it is just as important for us to advance our capital markets activities. Marcum LLP is currently auditing our 2018 annual financial statements, which we anticipate will complete before the end of Q2. Completion of this audit will allow us to file a Form 10 with the Securities and Exchange Commission to become a reporting entity, a further step in our capital markets evolution. We look forward to elevating our capital markets efforts in parallel to building our business, as we continue our mission to create long-term shareholder value at the lowest possible risk.”
About Alternus Energy Inc.
Alternus Energy, Inc. is a global renewable energy company that owns and operates Utility Scale Solar parks internationally. Each solar park generates clean energy every day that is sold to national power grids under long term, government counterparty, fixed price contracts. The Company currently has operational solar parks in Germany, Italy and Romania with contracts in place to add additional solar parks in the Netherlands. For further information please go to: www.AlternusEnergy.com
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the OTC Markets. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.