ETIG-MacGregor Energy agrees to purchase Ecology Link

ETIG-MacGregor Energy has reached an agreement with Ecology Link International to purchase the entity giving MacGregor Energy a retail sales force that's anticipated to give Ecology Link first year revenues of $10 million and give MacGregor Energy a sales presence in over 20 countries. Ecology Link has a goal of having 20,000 sales representatives by the end of 2005. The acquisition will be an equity transaction and should be completed by Feb. 15...
Jan. 5, 2005
2 min read

TAMPA, FL, Jan. 3, 2005 (BUSINESS WIRE) -- ETIG-MacGregor Energy has reached an agreement with Ecology Link International to purchase the entity giving MacGregor Energy a retail sales force that's anticipated to give Ecology Link first year revenues of $10 million and give MacGregor Energy a sales presence in over 20 countries.

Ecology Link has a goal of having 20,000 sales representatives by the end of 2005. The acquisition will be an equity transaction and should be completed by the 15th of February.

"Bringing the Ecology Link Team on board is going to give us a distribution presence that is second to none. We will now be able to carry our energy and ecology friendly products directed to end users with penetration world wide in a way that we could never have done on our own. This opportunity rounds out our ability to both sell to end users, as well as corporations and institutions," said Bob Schneiderman, president of ETIG, formerly El Tigre Development.

Kent Lessman, president of Ecology Link, a privately held entity, will take on a position of vice president of retail sales for MacGregor. "I believe that now that we are part of the MacGregor family we will have the products and services that allow our distribution network to be individually profitable, additionally allowing them to enter new markets on a global scale," said Lessman. "We project that we will have first year revenue of $10 million with MacGregor's product lines. With the many opportunities currently available to us we feel we can fulfill our business plan objective to quickly become a worldwide leader in the production of clean inexpensive renewable energy."

About ETIG-MacGregor Energy
ETIG-MacGregor Energy (www.macgregorenergy.com), of Mesa, Ariz., is entering the global market with the commercialization of new, proven, environmentally friendly technologies for the production of alternative energy, the destruction and/or remediation of liquid and solid waste, water treatment and production of raw materials from waste products for identified and ready commercial sale.

###

Sign up for WaterWorld Newsletters
Get the latest news and updates.