Cirque Energy, Inc. Retains Tigress Financial Partners, LLC to Raise Capital and Support Strategic Growth Initiatives
Waste to Energy Company Plans First Landfill Purchase
DETROIT--(BUSINESS WIRE)-- Cirque Energy, Inc. ("Cirque"), formerly Green Energy Renewable Solutions, Inc. (OTCQB: EWRL), is pleased to announce that it has retained Tigress Financial Partners LLC, a New York-based investment bank and broker-dealer ("Tigress"), as its advisor and investment bank to assist in the raising of growth and acquisition capital. Tigress will assist Cirque with securing investment for projects including acquiring ownership of the former "Davison Landfill" in Genesee County, Michigan.
Cirque is a sustainable energy development company focused on waste stream optimization and distributed power generation projects. A key element of the Company's long-term strategy to be a leader in the sustainable, waste-to-energy space is the on-going acquisition of landfills or additional operating contracts. Cirque uses waste conversion and recycling technologies to reduce waste volume entering landfills and produce renewable energy at attractive margins.
The Davison Landfill transaction is the first of several landfills that Cirque has targeted for acquisition. Upon completion of this transaction, Cirque Energy Inc. intends to rename the property "Green Harvest Landfill, LLC", which will be a wholly owned subsidiary of Cirque Energy. Once secured, Cirque plans to introduce waste conversion strategies to maximize beneficial reuse of materials in the waste stream. Such strategies include maintaining and growing landfill tipping fee revenues, recycling waste to capture high value recyclable commodities for resale, and implementing waste to energy (WTE) strategies for the waste stream remaining after recycling.
Mr. Joseph DuRant, Chief Executive Officer of Cirque Energy Inc., noted that the Company's goal is to convert up to 85% of waste stream content to recycled commodities and renewable energy, at attractive margins. "Our conversion strategy for the Green Harvest Landfill should allow us to increase the value of the waste stream almost immediately, possibly by as much as 1,000% on an annual basis, from about $3.8 million to just under $40 million. Transitioning to our operational model will also significantly extend the life of this landfill by as much as 50 years," commented Mr. DuRant.
Cirque's Chief Financial Officer, Roger Sliverthorn, added, "We are excited to complete our first acquisition, and delighted to have the support of such outstanding financial advisors who truly understand our industry and what we are trying to accomplish. Cirque has internally identified half a dozen acquisition targets that are similar or related to the Davison acquisition where we can replicate our Green Harvest Landfill model. We look forward to a long-term, productive relationship as we pursue our growth objectives."
Cynthia D. DiBartolo, Chief Executive Officer of Tigress Financial Partners, LLC, commented, "Cirque now has a very compelling business model which should ultimately prove quite profitable. We are very impressed with the management team and the progress the Company has made on its model. Raising money for early stage companies is particularly challenging, however, we are confident that we can find investors who will understand and be attracted to this investment opportunity. We look forward partnering with Cirque Energy to bring its vision to fruition and achieve both its strategic and financial goals."
About Cirque Energy, Inc.
Cirque Energy Inc. is a sustainable energy development company focused on distributed generation projects and waste stream optimization. Its projects serve utilities, manufacturing, and institutional clients. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Cirque Energy has developed a strategic plan to create sustainable, renewable energy with waste-to-energy power plants and the production of waste derived fuels. The Company primarily utilizes a unique co-development business model to collaborate with clients to develop solutions for their long-term energy needs. For more information about Cirque Energy please visit http://www.cirque-energy.com.
About Tigress Financial Partners
Tigress offers strategic capital markets and M&A advisory services to emerging and mid-sized companies, Fortune 500 companies, government agencies and state and local governments. The Company also assists corporate issuers and financial sponsors in raising capital to finance growth, provide working capital, fund acquisitions or create liquidity for shareholders. Tigress assists its clients in originating, structuring and executing the most appropriate type of transaction to create an optimal and cost effective capital structure.For additional information about Tigress, please visit http://www.tigressfp.com.
Cirque Energy, Inc.
Joseph Durant, 888-963-2622
Michael J. Porter, 212-564-4700
Porter, LeVay & Rose, Inc.
KEYWORDS: United States North America Michigan
The article Cirque Energy, Inc. Retains Tigress Financial Partners, LLC to Raise Capital and Support Strategic Growth Initiatives originally appeared on Fool.com.
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