Acro Energy Technologies Corp. (TSX Venture: ART) a leading residential solar installation company, has named Martin C. Spake as its chief financial officer, based in the company’s Houston headquarters, effective immediately.
“Marty Spake has a wealth of experience in mergers and acquisitions and in investor relations,” said Harry Fleming, chief executive officer of Acro Energy. “Marty’s experience in specialty energy construction with Chicago Bridge & Iron and his work with high growth investments are key assets to Acro Energy. He brings essential skills and insights that will prove especially valuable as Acro Energy gears up our financing efforts and executes our acquisition strategy into Southern California and across the nation.”
Spake was the vice president responsible for mergers and acquisitions, investor relations, and strategic planning at Chicago Bridge & Iron (NYSE:CBI). While at CB&I, Spake managed all aspects of the negotiation, due diligence, execution, and integration processes for acquisitions. Before CB&I, he was the director of structured finance, business development, and strategic investments for Compaq Computer Corporation. Prior to Compaq, he worked in financial planning and analysis for Sun Microsystems.
Spake earned a Master of Business Administration degree from the Stanford Graduate School of Business and a Bachelor of Science degree from the United States Military Academy, West Point.
Acro Energy has issued to Spake 75,000 options to purchase common shares of the Company at an exercise price of $0.235 per share for a period of five years, expiring on Sept. 10, 2014.
Buu Q. Tran, Acro Energy’s former chief financial officer, will remain in the company’s finance department.
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. As a system integrator, Acro Energy provides practical solutions to individuals, businesses, non-profit organizations, and governmental entities that can benefit from the value of solar power. Acro Energy continues to evaluate suitable acquisition candidates across North America.
|On Behalf of the Board of Directors,|
|Douglas A. Samuelson, Executive Vice President|
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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.