After many meetings with our board of directors, we believe and agree that Berlin, at present, is a little more stable and has not had a huge influx to unsettle yet. The primary reason TGEG listed in Germany is that is where the cash is.
Manila, Philippines (PRWEB) January 30, 2012
True Green Energy Group announced today that it was going to dual list its public company in Berlin because the Frankfurt exchange has had so many problems and has been undergoing a lot of changes due to the huge influx of companies from stalled American markets who were seeking listings on Frankfurt.
Ronald Flynn, chairman and founder of True Green Energy Group, said, “After many meetings with our board of directors, we believe and agree that Berlin, at present, is a little more stable and has not had a huge influx to unsettle yet. The primary reason TGEG listed in Germany is that is where the cash is."
Germany’s economy is healthy and still growing. In 2010, it had a greater trade surplus than even China. The Germans just bought the NYSE this year; in addition to German regulators and tax laws that encourage and support developmental stage companies like TGEG.
However, they may delist TGEG off the Frankfurt all together just like Nokia did on November 25, 2010, last year. Nokia said, “that it had applied to stop trading in Frankfurt because of the “decreased trading volumes” of its shares at the exchange," which is exactly what has happened to TGEG.
Nokia made it clear that once they were delisted it would mean that Nokia’s stock would be traded on two exchanges: on the Nasdaq OMX Helsinki Stock Exchange and in the U.S., in the form of American Depository Shares, (ADR) on the New York Stock Exchange, which is exactly what TGEG is doing with its ADR for its pioneer investors and shareholders.
Ronald Flynn went on to say, “The reality is there are many big corporations delisting off the Frankfurt stock exchange, such as PLDT of the Philippines. To date, TGEG and its pioneer shareholders have not been happy with the trading volumes of TGEG and delisting it from the Frankfurt may be the best thing to do.”
The Berlin Stock Exchange, situated in Berlin, Germany, has over six thousand American stocks in listings, which normally is seen in exchanges like NASDAQ, NYSE, OTCBB and others. The Berlin Stock Exchange is a relatively new one but it has a lot of listed companies.
A listing on the Berlin Stock Exchange, coupled with TGEG American depository shares, will introduce TGEG to a whole new market - the German speaking Euro-economic market primarily consisting of Germany, Switzerland, Austria and Liechtenstein. This market, consisting of more than 100 million people, has the fastest rate of growth and the highest income per head in the EU. Many of these people are very active in world financial markets.
Last week, TGEG had its inauguration of the MRF facility and pelletizing operation at the landfill site in the city of San Fernando. The company has major business models: residential electricity, commercial electricity, cleaning of landfills, by-products from garbage, and carbon offsets. Today, TGEG landfills are technological marvels and will become a dependable source of true green energy and waste management solution for all businesses, provinces and municipalities.
TGEG's venture toward an almost zero waste society is close to its realization. Countries, states, cities, provinces and municipalities around the world have teamed up with TGEG in creating zero waste nations. The cleaner and greener our environment is, the healthier lifestyle we live, the healthier our world will be, for humankind as a whole, and for the future generations to come. TGEG will definitely continue turning their dream of a healthier Planet Earth into reality.
True Green Energy Group strategy is to "de-carbonize" the electric power generation industry by shifting to non-fossil fuel-based energy sources, specifically energy-from-waste. This follows the Energy Policy Act of 2005 and the Renewable Energy Law (RA 9513) of the Philippines that confirms energy-from-waste is renewable, and to build low cost housing for Filipino families.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.
Contact: Ronald Flynn
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