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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