New York, New York–(December 2, 2016) – ABCO Energy, Inc. (OTCQB: “ABCE”) (the “Company”) is pleased to announce that it has entered into an agreement to provide $5 million dollar funding commitment through the sale of shares of its common stock.
The $5 million dollar funding commitment is being made available through an equity line provided by New York based, Blackbridge Capital Growth Fund, LLC. “We are excited to expand our solar investment portfolio through a long-lasting relationship with ABCO. We continue to believe in the Company’s growth initiatives and seasoned management team” said David Jacobi Director of Business Development.
ABCO received $100,000.00 cash advance in the form of a convertible promissory note to cover legal fees for preparation and filing of the registration statement covering the Blackbridge shares and working capital for the Company. ABCO is now in the process of preparing the registration statement for filing with the U.S. Securities & Exchange Commission (“SEC”) to register shares for sale to Blackbridge under the investment commitment.
Charles O’Dowd, ABCO Energy Chairman, stated, “We have waited a long time for an adequate source of funding for growth through acquisitions and internal expansion and now feel that we are on our way. Blackbridge has stepped up with advance funding and their future commitment has given the company a boost toward fulfilment of our plans for ABCO Energy. We are very eager to be moving forward with Blackbridge Capital Growth Fund and enthusiastic about our future.”
ABCO Energy, Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, Solar Street Lighting and installation of LED and energy conservation lighting systems in their markets. ABCO provides products and services to residential, commercial, government and non-profit entities in all their markets.
Safe Harbor Statement Note: Certain statements in this news release may contain “forward-looking” information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments. This press release should be read with all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
INVESTOR RELATIONS CONTACT:
Benchmark Advisory Partners, LLC
Timothy Connor, President
2010 Jimmy Durante Blvd.
Carlsbad, CA 92009
CORPORATE CONTACT INFORMATION:
Charles O’Dowd, President
2100 North Wilmot, Suite 211
Tucson, AZ 85712