Vasari Energy Announces Convertible Preferred Stock Offering
Irvine, Calif. (PRWEB) April 09, 2015 -- The renewable energy market is changing, and organizations of all sizes are looking for new ways to bring medium- and large-scale solar power generation capacity online. The company is positioned to provide a variety of solar power products and services to a wide range of clients and Vasari Energy is now offering investors a unique solar energy opportunity to buy into the growing U.S. renewable energy sector.
Vasari Energy will offer up to $10 million in preferred convertible stock to accredited investors at $1 a share, creating an affordable entryway into a rising energy company poised to capitalize on the rapidly-expand American solar energy market.
Vasari Energy said it sees great potential in delivering solar power to commercial, industrial, agricultural, and government customers at attractive rates. By delivering customers power at prices that are competitive with utility rates, the company realizes an opportunity to develop long-term contracts with clients throughout several industrial sectors.
“Vasari Energy provides high-quality and affordable solar energy products that the growing solar energy market demands," said Ron Tovella, Vasari Energy CEO. “It’s not just about rooftop systems. Industry has large-scale energy demands that solar can provide, and Vasari Energy can deliver the products and technology to meet these needs.”
Investment in renewable energy continues to grow, as the Los Angeles Times reported in March 2014 that the United Nations found a 17 percent increase in global renewable energy investment, reaching $270.2 billion in 2014. Solar power is a leading driver in renewable energy growth and Vasari Energy gives investors access to a pre-IPO company that is positioned to meet the growing need for the middle- and large-scale solar projects that commercial, industrial and utility clients need.
Vasari Energy preferred shares offer accredited investors the potential for attractive capital appreciation, as well as the opportunity to participate in the build out of the nation’s renewable energy sector and the creation of a more sustainable environment.
Vasari Energy is marketing several lines of solar modules. Vasari Energy’s 72 cell module provides a high-efficiency solution to utility-scale projects that have difficulty with the economics of the power purchase agreements. For residential customer, Vasari Energy offers the durable, high-efficiency 60 cell modules. Vasari Energy's latest release, the E-12 Series, serves as an ideal solution for off-grid OEM applications.
Preferred convertible stock offers investors the potential of capital appreciation and the opportunity to convert to common shares of Vasari Energy. Investors can convert the preferred shares to common stock at any time, and in some instances the company will automatically convert the shares, including a reverse merger into a public company, an initial public offering or a change in control of the company.
About Vasari Energy
Vasari Energy, Inc., a Delaware corporation that maintains its headquarters in California, is building an integrated company that sells, designs, installs, and maintains solar energy systems for commercial, industrial, agricultural, and government customers at prices competitive with service rates.
Forward looking statement
This release contains forward-looking statements including, but not limited to, the offering of convertible preferred stock and the expectation of proceeds from the offering. This offering is available only to accredited investors, in accordance with Regulation D, Rule 506(c). Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements.
Stephen Smith, VP, Investor Relations - Vasari Energy, http://www.vasarienergy.com, +1 (949) 354-0625, [email protected]
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