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Share Name | Share Symbol | Market | Type |
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Patten Energy Solutions Group Inc (CE) | USOTC:PTTN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
NESCONSET, NY / ACCESSWIRE / July 21, 2015 / Integrated Energy Solutions, Inc. (OTC Markets: IENG ) (the "Company" or "Integrated Energy" or "IES") (www.Integrated-Energy.co), a fully integrated large and small format downstream oil marketer as well as waste oil collector, value-adding recycler and re-distributor,announces the launch of Patten Energy Enterprises of Illinois.
Patten Energy Enterprises, Inc., is a well-established and respected minority owned company in Southern California and a wholly owned subsidiary of Integrated. It has operated a premium oil distribution business for the past 25 years. Patten Energy Enterprises, Inc. already has approval for operations in Cook County, Illinois. With the integration of Atlantic-Pacific LLC into Patten Energy Enterprises, Inc., of Illinois, it will allow the expansion Patten's ability in the Midwest market for the distribution and delivery of premium oil, the collection of waste oil and the processing of waste oil. The integration will allow for the expansion of Integrated into the industrial waste water collection and industrial waste water treatment industries.
The integration allows the Company, based on the many years of operations and the numerous connections of Patten Energy Industries, Inc., as outlined on its website (http://pattenenergy.com), to enable its expansion into the Chicagoland and North West Indiana area.
With this announced consolidation of Atlantic-Pacific's waste oil and collection and waste oil processing, along with Patten's premium oil distribution business, the new Patten Energy Enterprises of Illinois, will be a fully integrated premium oil distribution, waste oil collection and waste oil processing operation. It will also allow the Company to begin an industrial wastewater collection and industrial wastewater treatment operation in September 2015.
The plan is to consolidate all the operating entities of Integrated into a cohesive operation, or unit, all under Patten Energy Enterprises brand. The consolidation will also streamline back office expenses by reducing overhead and streamlining operations and thus making the Company more profitable.
Ernest Remo, CEO of Integrated stated, "We are very excited about the expansion and consolidation of the various business into one consolidated unit, and the expansion of operations into the Chicago area. This will be our second major area in our integration. We expect future area and territories to follow."
On an unrelated note, Integrated would like to take this time to thank all is shareholders for their patience and understanding with respect to the delays in the Company's filings. The Company has been working diligently to complete the filings as quickly as possible. The delays are mostly due to the first time audit of a 25 year old privately held company, although all issues are resolved. The Company is pushing very hard to be current by the end of July 2015.
ABOUT INTEGRATED ENERGY SOLUTIONS
Integrated Energy Solutions Inc., a publicly traded SEC reporting Company on OTC Markets Exchange under the symbol (IENG), is a fully integrated large and small format downstream oil marketer, as well as waste oil collector, value-adding recycler and re-distributor. Through its three wholly owned subsidiaries, Patten Energy Enterprises Inc., Atlantic Pacific LLC and AP Lubes Inc. the company seeks to expand the regional businesses of each to other states where respective Company subsidiaries operate to vertically integrate, cost-share and generate new revenues from within the existing Company "ecosystem."
FORWARD LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact:
Integrated Energy Solutions, Inc.
Ernest Remo,
CEO
ernestremo@san.rr.com
SOURCE: Integrated Energy Solutions, Inc.
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