Acro Energy Acquires Energy Efficiency Solar

17 August of 2009 by

Acro Energy Technologies Corp., a solar installation company, has signed a letter of intent to acquire Energy Efficiency Solar Inc. (EE Solar) of Pomona, Calif.

Underthe letter of intent, Acro Energy will acquire all of the issued andoutstanding common shares of EE Solar for a purchase price of $1.95million – a combination of cash, a promissory note, common stock inAcro Energy and assumption of EE Solar debt.

EE Solar is afull-service solar energy company installing residential and commercialsolar systems in Los Angeles, Orange and San Bernardino counties since1989. Bill Korthof, current president of EE Solar, will join the AcroEnergy team.

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