Blue Earth Solutions, Inc. retains Jesup & Lamont Securities
Corporation
LAS VEGAS (Business Wire EON/PRWEB ) July 18, 2008 --
Blue Earth Solutions, Inc. (OTC Bulletin Board: BESN) announced
today that Jesup & Lamont Securities Corporation (AMEX: JLI) has been
appointed to be the sole manager on a series of Tax-Exempt Manufacturing
Industrial Development Bond Issues across the United States with the
first issuances being in Florida, Arkansas, Georgia, Pennsylvania, New
York, Mississippi, Texas, California, and Tennessee. The bond proceeds
will be used to build plants which utilize the Company’s
patented Styro-Solve(TM) closed loop process for collecting and
recycling EPS foam products, thereby greatly reducing the volume of EPS
that is deposited into landfills across the country.
Co-Heads of the Jesup & Lamont Municipal Finance Division, Jim Dolan and
John Calia, will have overall responsibility for the underwriting and
marketing of the securities. Ken Hedrick, Head of Public Finance at
Jesup & Lamont, will lead the banking team. In addition, the Head of
Jesup & Lamont’s Investment Banking
Division, Ed Cabrera, will provide Blue Earth Solutions with corporate
financial advisory and strategic planning as the Company expands its
business and raises additional capital.
James Fellus, CEO of Jesup & Lamont, stated: “We
are excited about this project and what it represents with regards to
the expansion of our Alternative Energy banking division into the green
environmental space.”
About Blue Earth Solutions, Inc:
Blue Earth Solutions offers a true environmentally friendly process that
reduces EPS (Expanded Polystyrene) from landfills and other potentially
hazardous sites and returns it to its original form making it possible
to manufacture new polystyrene (Plastic) products. Blue Earth is a
solution to the EPS waste problem as we are able to recycle it with our
proprietary Biodegradable solution and recreate polystyrene pellets that
we expect to sell for far less than new polystyrene pellets. With the
significant increase in crude oil prices, plastic continues to increase
in cost. Our Styro-Solve(TM) process can reduce the planets consumption
of oil, a major part of polystyrene manufacturing, which further
increases the value of our process. The majority of polystyrene products
are currently not recycled because of a lack of suitable recycling
facilities. Furthermore, when it is "recycled," it is not a closed loop —
polystyrene cups and other packaging materials are usually recycled into
fillers in other plastics, or other items that cannot themselves be
recycled and are thrown away. THE MISSION OF BLUE EARTH SOLUTIONS IS
THE REVERSAL OF THIS NORM WHICH WE HAVE SUCCESSFULLY IMPLEMENTED A
CLOSED LOOP PROCESS TO MAKE OUR PLANET TRULY BLUE.
Safe Harbor Statement:
Except for historical information, the matters set forth herein, which
are forward-looking statements, involve certain risks and uncertainties
that could cause actual results to differ. Potential risks and
uncertainties include, but are not limited to, perceived or actual
benefits from Blue Earth Solutions planned operations, the market
acceptance and level of sales derived from its operations.
About Jesup & Lamont Inc.
Established in 1877, Jesup & Lamont has an extensive history on Wall
Street, with its origins encompassing such successes as providing
brokerage services to Standard Oil and raising capital for the
construction of Rockefeller Center. Jesup & Lamont, through its two
wholly owned brokerage subsidiaries, offers full service broker-dealer
services through its approximately 300 retail brokers in over 30 offices
nationwide and institutional sales offices in New York, San Francisco,
Boston, Boca Raton and Orlando. The Company's Jesup & Lamont Securities
Corporation subsidiary also publishes proprietary research on several
industries including Aerospace/Defense, Alternative Energy and Life
Sciences/Healthcare and offers comprehensive investment banking service.
Forward-Looking Statement Disclaimer
This press release contains "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risk, uncertainties
or other factors which may cause actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Factors that might cause such a difference
include, without limitation, fluctuations in the volume of transactional
services provided by the Company, competition with respect to financial
services commission rates, the effect of general economic and market
conditions, factors affecting the securities brokerage industry as well
as other risks and uncertainties detailed from time to time in the
Company's Securities and Exchange Commission filings. The Company
undertakes no obligation to revise or update any forward-looking
statement.
See the original story at: http://eon.businesswire.com/releases/jesup/lamont/prweb1110414.htm
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