ABCO Energy, Inc (OTC PINK: ABCE) Tucson, Arizona (February 22, 2019) – ABCO Energy has raised funds and retired the last issue of the Series C convertible debt held by Redstart Holdings and was advised that Redstart has completed all of the conversions under their three preferred holdings. ABCO announced on January 31, 2019 that the Company had purchased all of the second issue of the convertible preferred held by Redstart. The proceeds from the issuances of the three Series C preferred stock were used by ABCO for working capital at the start of significant commercial jobs which are now nearly completed. Redstart converted the first of the series and ABCO purchased the last two for more than $206,000.
Over the last ten trading days, our stock has closed above $0.01 and yesterday the close was over $0.02. We believe that this is the result of the Company’s growth and the retirement of the toxic debt. Also, we have completed the application and related corporate actions to lift the Company off from trading on the PINK Market to trading our common shares on the “Over The Counter Quality Board” (OTCQB). This level of trading will qualify our shares to trade with a much larger number of brokers and traders that do not trade on the PINK market. When it is approved, ABCO Energy, Inc. will be trading on a quality trading board on OTC Markets. ABCO Energy has not traded on the OTCQB for over three years as it has struggled to stabilize its stock price and fund its growth. We are now staging our Company for growth internally and through acquisitions and feel confident the share price will reflect this plan.
“We are very proud of the accomplishments of the ABCO team and our consultants over the last two years and feel confident we will continue to be trading well for our shareholders in the very near future” said
Charles O’Dowd, President, “and we are thankful to our shareholders for all of their assistance in reaching these accomplishments”.
About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company
trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.
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.
ABCO Energy Phone 520-777-0511 or email “info@abcoenergy.com”