Acro Energy Announces Change in Year End
HOUSTON–(BUSINESS WIRE)– Acro Energy Technologies Corp. (TSX Venture:ART) a leading U.S. residential solar installation company, announces that it intends to change its financial year end from November 30 to December 31 commencing December 31, 2009 which will be a 13 month year end.
The change is being undertaken so that the Company’s interim reporting periods will become coterminous with that of its subsidiary, Acro Energy Technologies, Inc., formerly, Acro Electric, Inc., the Company’s acquisition as part of its Qualifying Transaction. The change will allow interested parties to better compare the Company’s financial results with those other companies in the same industry. The change will also improve the efficiency and coordination of the Company’s financial reporting and audit process.
About Acro Energy
Acro Energy Technologies Corp. is focused on the consolidation and growth of renewable energy companies, primarily in the United States residential solar energy installation market. Acro Energy provides practical solutions to individuals, businesses, non-profit organizations, and governmental entities that can benefit from the value of solar power. As a high end system integrator, Acro Energy offers quality products from leading solar module manufacturers including SunPower, SunTech, and Sharp. Acro Energy continues to evaluate suitable acquisition candidates across North America.
For more information, please visit www.acroenergy.com or email info@acroenergy.com
On Behalf of the Board of Directors,
Douglas A. Samuelson, Executive Vice President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.