Laidlaw Energy to Become Fully Reporting SEC Registrant
25 October 2010 - 2:30PM
Business Wire
Laidlaw Energy Group, Inc. (Ticker “LLEG”) (the “Company”)
announced today that is has engaged the New York based law firm
Herrick Feinstein, LLP (www.Herrick.com) to represent the Company
in connection with making the requisite 10K and other such filings
with the U.S. Securities and Exchange Commission to become a fully
reporting company under the Securities Exchange Act of 1934. The
Company believes that the planned filing(s) will allow the
Company’s common shares to be quoted via the OTC Bulletin Board
shortly after the requisite filings are made.
Commenting on the planned filings, Laidlaw Energy President
& CEO Michael B. Bartoszek stated “We feel that this is the
logical next step in the growth of the Company. Clearly we have
outgrown the Pink Sheets and we believe that the steps we intend to
take will allow for a new universe of potential investors,
increased liquidity of our shares and greater transparency for our
investors.”
In addition to the planned filings, the Company expects to add
to its project development team with a goal of accelerating the
Company’s growth and also to expand its Board of Directors.
Currently former Congressman Charles Bass serves as a senior
advisor to the Company’s management and a non-voting member of its
Board. Mr. Bass is currently seeking election to the House of
Representatives in New Hampshire’s second congressional district
and it is expected that he will need to step down from his role
with the Company if he is successful. The Company is currently
discussing the appointment of one or more outside directors and
expects that certain Company executives will assume seats on the
Board.
About Laidlaw Energy Group
Laidlaw Energy is engaged in the development of independent
power plants that generate electricity from renewable resources,
with a particular emphasis on biomass power. Laidlaw Energy's
mission is to build and manage a profitable portfolio of biomass
facilities through the development of new facilities and
acquisition of existing facilities, and in so doing become the
leading developer of biomass power in the United States. Laidlaw
Energy is headquartered in New York, New York. For more
information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations
of future events and/or results which may include, without
limitation, statements concerning anticipated financial
performance, business prospects, technological developments,
potential markets, new products, research and development
activities and similar matters. Such statements constitute
forward-looking statements made pursuant to the Safe Harbor
provision of the Private Securities Litigation Reform Act of 1995.
All statements based on future expectations rather than historical
facts are forward-looking statements that involve a number of risks
and uncertainties, and Laidlaw cannot provide assurance that such
statements will prove to be correct. Laidlaw undertakes no
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise.