Doylestown, PA (PRWEB) October 24, 2011
Shaka (SHKZ.PK), a Pennsylvania based globalization and corporate strategies firm, is pleased to announce that the Company has successfully acquired Classic Conservatories and Solar; the first of three strategic acquisitions that will result in the creation of an immediate leader in the solar and renewable energy industry. Based in Union, New Jersey, Classic Conservatories and Solar is a world-renowned manufacturer of advanced technology sunrooms, with over 30 years of experience in building innovative, custom-designed conservatories and sunrooms. With many years and millions of dollars in sales, marketing and custom design-build experience, the Classic acquisition laid the foundation for Shaka to reach its goal, which is to become one of the largest providers of Residential and Commercial Solar Energy Systems in the Northeast by strategically partnering with the largest suppliers and integrators of solar in New Jersey.
“We are thrilled to announce that we have taken this crucial first step in our mission to develop one of the most powerful business models for expedited, scalable and ongoing growth that Solar and Renewable Energy sector has ever seen,” stated James Scott, CEO of Shaka. “Classic has built tens of millions of dollars in Conservatories over the years and I am confident that the same will be accomplished under the final integrated entity.”
The closing of the Classic acquisition instantly adds an experienced management and marketing team to Shaka; allowing for seamless financial, back office and sales integration. “With Chris Edwards and Peter Burley remaining on as senior management; we expect to see an immediate increase in sales and revenue without the need for a large capital investment, since the existing infrastructure of Classic fully supports our growth plan,” added Mr. Scott. “We are confident that we will be profitable in our very first quarter of operations, and look forward to announcing the additional acquisitions that are expected to close in the coming days.”
Shaka was assisted with the strategic acquisition by J. Charles Nemes of ISD Financial Group, a West Palm Beach Florida M&A Consulting Firm. “Mr. Nemes’ prior experience as the Chief Operating Officer of a large Florida Solar Manufacturing and Installation firm clearly added valuable insight into the capabilities of Classic to rapidly enter into the solar energy space with the experience needed to employ scalability and efficiency in the Shaka expansion,” said Mr. Scott.
Financial terms were not disclosed.
Shaka is comprised of globalization and corporate strategies consultants whose global reach can optimize and expedite powerful end-results with M&A, Global Alliance Building and Political Strategies. Shaka’s diversified contact portfolio encompasses both International Economic and Legislative to open dialogue at any level and achieve the goals set forth by your Board of Directors, C-level staff or sole proprietor entrepreneur. BGS has the experience and alliances to take companies to the next level in IPO, International expansion or full corporate structuring. For more information, please visit http://belvedereglobalstrategies.com
NOTE ABOUT FORWARD-LOOKING STATEMENTS
With the exception of historical information, this press release contains forward-looking statements as that are made pursuant to the “safe harbor” provisions as defined within The Private Securities Litigation Reform Act of 1995 (the “PSLRA”). Forward-looking statements may be identified by words including “anticipates,” “believes,” “intends,” “estimates,” and similar expressions such as “will be”. In addition, any other statements which contain characterizations of future events or circumstances are forward-looking statements. These statements are based upon management’s current expectations as of the date of this press release. Actual results may differ materially from the expectations contained in this press release due to a number of risks and uncertainties, such as general economic conditions that could limit the acceptance of Shaka’s concept, increased competition, any event leading to the termination of key executive employees, and other risks relating to our business. Shaka does not undertake any responsibility to publicly update any forward-looking statements to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contact and inquiries:
Paramount Advisors, LLC