We raised the funds and retired the second issue of the Redstart Holdings convertible debt. Also, we have received assurance that Redstart has completed all conversions on the first of their three preferred holdings.
We announced in January that the company had purchased all the second of the convertible preferred held by Redstart. The three Series C preferred stock was 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. ABCO Energy Commercial Projects 2
The last ten days of closing trading prices above $0.01 and yesterdays close at over $.02 is the result of the Company’s growth and the retirement of the toxic debt. Also, we have completed the corporate actions and the applications for the Company to lift off from trading on the PINK Sheets for trading our common shares on the “Over the Counter Quality Board” (OTCQB).
This level of trading will qualify our shares to trade a substantial growth of brokers and traders that do not trade on the PINK market. When it is approved, we will be trading on a quality 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 funds. They are now staging the company for growth internally and through acquisitions to 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 be trading well for our shareholders in the very near future,” said Charles O’Dowd, President. “We are thankful to our shareholders for all of their assistance in our 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, Inc (OTC PINK: ABCE)
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