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.
LAS VEGAS (PRWEB) July 18, 2008
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.