Millennium Energy Corp
11TH January, 2018
OTC Disclosure & News Service
Millennium Energy Corp (MENC) announces acquisition of Boustead Renewables Limited (BRL) and strengthens its board by the appointment of two senior Renewable Energy Sector Executives
New Jersey 5th January, 2018
Millennium Energy Corp (OTC Pink: MENC) announces a strategy to embrace the spirit of the COP23 (Paris Agreement) through commercial endeavour, the company foresees achieving this by the acquisition of BRL, a boutique investment and corporate advisory and renewable energy investment firm based in London England, focussing on the global renewable energy sector.
By acquiring the 100% shareholding in BRL, MENC has secured access to a 5 GW pipeline of global renewable energy utility scale projects and the opportunity to develop these into operational assets. They will be assessed for either investment and/or corporate advisory activities.
About Boustead Renewables Limited
BRL was established in July 2017 to focus on two offerings: 1. Acting Principal: Identifying, researching, sourcing and investing in renewable energy projects for clients; 2. Consulting Services: Providing a full range of corporate consultancy and advisory services to developers and investors within the renewables sector.
BRL is headquartered in London, England, with associate offices in USA, Africa and Mauritius through its association with Boustead Asset Management. BRL is led by motivated and experienced professionals; bringing together diverse expertise with backgrounds and deep sector knowledge in the Renewables sector, with long-standing experience in investment banking, fund management, research, institutional investing and public-sector consulting. BRL’s key renewables projects are focussed in markets primarily including Solar PV, Onshore Wind, Geothermal, WTE, Hydro, Biomass and Infrastructure related innovation. With excellent connections in these sectors BRL can engage from Early Stage in the development cycle enabling BRL to consult on the provision of finance to help clients enter the construction phase. BRL will change its name to Millennium Renewables Limited and operate as a wholly owned subsidiary of MENC.
Jakob Kinde appointed as a director & Executive Vice Chairman
Jakob Kinde will continue as Chairman of BRL, and has been appointed to the board the company. Jakob Kinde is a Swedish national aged 59 with some 35 years of investment banking experience, having worked for Samuel Montagu & Co Ltd (now HSBC Investment Banking), Kleinwort Benson, NewMedia Investors Ltd/Spark Ventures plc, EO plc, AllIPO plc and Libertas Capital. He is currently the chairman of Boustead Agriculture Ltd, a large agri-food project in Southern Africa, chairman of Boustead & Co Ltd/Boustead Group Ltd, CEO of Boustead Asset Management Limited and Managing Director of Boustead Renewables Limited. He has completed over $60 bn of a wide range of corporate finance transactions of which some $2 billion dollars were in the renewables sector. Education: B.Sc. (Econ) from UCL, C. Dip. A.F. and M.C.S.I.
On the appointment of Jakob Kinde, Mr. Aronson, Chairman of MENC, said: "We are very fortunate to have secured the services of Jakob Kinde as a director and Executive Vice Chairman of MENC, with his extensive experience and his substantial industry contacts and knowledge built over many years as an entrepreneur. Jakob will be a great credit to the company and, in my opinion, will add immense value for the company and its shareholders.”
He has the total support of the majority shareholders and the board as he initially refocuses MENC on new Energy Efficiency technologies and the global renewable energy sector. I am also excited about the opportunities we are pursuing for the year ahead.
On his appointment, Jakob Kinde said; “As the company seeks to secure opportunities in the vast global renewable energy sector. The outlook for unsubsidised prices is strong as technological advances continue to reduce development, construction and operational costs in this sector. This is improving the commercial viability of the sector and I firmly believe we will
reach economic parity with traditional energy sources in the near future. Our long-term goal is to be an enabler of affordable, accessible, clean energy to the common consumer as a global corporate citizen focused on protecting the environment.
Sital Joshi is appointed as a director and Chief Operating Officer
Sital Joshi is an incumbent Director and CEO of BRL, Sital Joshi has been appointed as a director and Chief Operating Officer of MENC and he will focus on Renewable Energy Infrastructure sectors. He has 20 years of experience working in infrastructure advisory services and Renewable Energy project finance. He has advised on projects ranging from £5m to £6bn in transaction size in a variety of sectors including Rail, Education, Central Government as well as Energy Infrastructure. Education: B.Sc. (Hons) from Heriot-Watt University, Dip Acc. A.F. and MBIFM.
About Millennium Energy Corp
Millennium Energy OTC MARKETS - MENC currently operates as a globally diversified holding company with corporate divisions in property development (land holdings in Costa Rica); oil & gas concessions in Sakhalin Island, Russian Federation; and a Clean Energy division with a number of projects in development. As stated above, the company’s strategy is to pioneer the commitments of COP23 (Paris Agreement) through commercial endeavour. MENC foresees achieving this through restructuring its activities into two major areas, 1. Renewable & Energy Infrastructure (Utility Scale), 2. Sustainable Real Estate & Energy Efficiency technologies.
This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Millennium Energy, Corp., its directors, or its officers with respect to, among other things: (I) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "May," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Millennium Energy, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Millennium Energy, Inc.'s filings with the OTC Markets. SOURCE: Millennium Energy Corp
Irving Aronson, Chairman, email: email@example.com
Jakob Kinde, Executive Vice Chairman, email: firstname.lastname@example.org
Alex Lightman, CEO, email: email@example.com
Michael Fuoco, Vice Chairman, email: Michael.Fuoco.Millennium@gmail.com