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HES Hlt Energies (Tier2)

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Share Name Share Symbol Market Type
Hlt Energies (Tier2) TSXV:HES TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

HLT Energies Inc. Announces the Restructuration of the European Subsidiary's Capital and a New Capital Injection in EkoWatt

28/10/2008 11:50am

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Hlt Energies (Tier2) (TSXV:HES)
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HLT Energies inc., ("HLT") (TSX VENTURE: HES), a leader in the renewable and green energies is proud to announce the investment of 150 000 euros in its European subsidiary and the subsequent investment of this amount into S.A. EkoWatt's capital.

Following an agreement in principal with European investors, HLT has transferred the ownership of the shares of S.A. EkoWatt to its subsidiary s.p.r.l. HLT Europe. The private investors have injected an amount of 150 000 euros into HLT Europe's capital, in return for a 49% ownership of HLT Europe. The 150 000 euros flowing from HLT Europe into EkoWatt capital then allows HLT Europe to retain a 33 1/3 % share of EkoWatt.

HLT has agreed to purchase for 450 000 euros the 49% from the investors no later than October 22nd 2010. If HLT fails to do so, the investors will buy the 51% of HLT Europe for 450 000 euros.

From July 1st to mid September, EkoWatt has a backlog of more than 4 250 000 euros in residential photovoltaic systems and it is expected that most of the systems sold will be installed this year.

Sales continue to progress well.

About HLT Energies

HLT Energies is a producer, operator and distributor of renewable energy and renewable energy systems (wind, solar thermal and photovoltaic) in accordance with the principles of sustainable development. HLT Energies installs, operates, maintains and sells systems of renewable energy to industrial, commercial and institutional clients and also sells residential systems.

HLT has acquired an expertise in solar photovoltaic energy, as well as an expertise in the management of various sources of renewable energies, through its investment in Ekowatt s.a. and its acquisition of the F.I.M.E.S. intellectual property.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: HLT Energies Inc. Gerald Desourdy President and Chief Executive Officer 514-868-1111 (x 222) g.desourdy@hltenergies.com HLT Energies Inc. Andre Audet Chairman of the Board of Directors 514-284-1004 aaudet@bromeinc.com

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