Central Energy Partners (CE) (USOTC:ENGY)
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Enviro-Energy Corporation, Inc. (Pink Sheets:ENGY), has executed a
Letter of Intent to merge with Integrated Construction Management, Inc. (“ICM”),
a Texas-based commercial construction management company. Enviro-Energy’s
management is excited about ICM’s growth
potential and confident that the merger will proceed quickly towards
closing.
ICM is being formed through the merger of Jones Partners Construction
and DFW Construction and Management Ltd. The combination is the first
step in creating a publicly traded, fully reporting, integrated
construction management company. Through these two operating
subsidiaries, ICM offers construction management, design-build and
general contracting services to Fortune 500, large regional corporate
and industrial clients and public agencies in the Southwestern U.S. In
2007, on a pro forma basis, ICM’s operating
subsidiaries completed 85 commercial projects in five (5) states,
generating more than $24 million in revenues.
As part of the merger transaction, ENGY will change its name to
Integrated Construction Management, Inc., undertake a 1,300 to 1 reverse
of its current issued and outstanding shares and increase its authorized
shares to 50,000,000. Upon completion of the merger, there will be
27,250,000 shares issued and outstanding, on a fully diluted basis. The
Board of Directors approved the name change and the Reverse Split,
subject to shareholder approval. The merger is expected to close within
60 days.
Forward-Looking Statements: The statements which are not historical
facts contained in this release are forward-looking statements that
involve risks and uncertainties, including but not limited to, the
effect of economic conditions, the impact of competition, the results of
financing efforts, changes in consumers' preferences and trends. The
words "estimate," “possible," and
"seeking" and similar expressions identify forward-looking statements,
which speak only to the date the statement was made. ENGY undertakes no
obligation to publicly update or revise any forward-looking statements,
because of new information, future events, or otherwise. Future events
and actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward-looking statements.