Comanche Livestock Exchange LLC became a wholly owned operating subsidiary of GELV on July 24, 2009. Comanche is a profitable company which operates a live auction of steer and cattle. Comanche owns primarily real estate and equipment and is dedicated to serving the large and small cattle producer. Sales of various livestock including breed, packer and replacement cattle, bulls, yearling steers and heifers, bottle-calves, sheep and goats are conducted weekly via live auction, private treaty and/or online. Comanche also offers a wide array of services including catching and hauling, portable penning, and problem cattle removal. Comanche has been an ongoing business operation for over 60 years.
In its January 7, 2009 press announcement Mr. Dean Cagle, President of Comanche Livestock Exchange, stated: "By becoming part of Green Energy Live, Inc., we can now offer more services to our customers through offering them energy independence using the animal waste produced by their own operations. Our customers will benefit by eliminating a cost to their operation (disposing the animal waste) and save on their energy costs at the same time. Our contacts in the beef and dairy industry provide Green Energy Live with a huge potential customer base for its biomass to fuel system."
Also in the news release Karen Clark, President/CEO of Green Energy Live, commented: "We have looked at numerous situations to potentially increase shareholder value and we feel the acquisition of Comanche Livestock Exchange provides the best prospect of fulfilling this goal. Comanche Livestock Exchange is a company with a long history of profitability and an equally long list of satisfied ranch operations who have done business with this company that we can, in turn, introduce our planned biomass to fuel energy systems. This acquisition represents the kind of synergy we are looking for in this market."
Wholly owned subsidiary Comanche generated revenues during the six month period ended June 30 2009 of $389,466, while consolidated total assets exceeded $1.1 million.
GELV signed a binding letter of intent to acquire 100% of the stock in Peck Electric, Inc. on November 13, 2008. Peck Electric is a full service electrical company that services all of Vermont. The company provides all phases of wiring and electrical services for a home or business, such as troubleshooting problems with electrical wiring, electrical service upgrades, outlets, switches, lighting and 24 hour emergency electrical service. The company also designs and installs telecommunications voice and data networks for commercial enterprises. Peck Electric is fully licensed, insured, and has been in business since 1972. GAAP audits by PCAOB approved auditors are in process.
Strategy for Growth and Increased Value for Shareholders
GELV is building growth through acquisition. The company is acquiring existing entities with stable revenues and proven track records to provide cashflow to fund technology development and value for shareholders. GELV is targeting complementary companies in the range of $5 million to $25 million in annual revenue. The company expects to retain the strong management teams in each business unit, capitalizing on their local knowledge of competitors and operating climate along with their loyal customer relationships. The company has acquired Comanche and is completing its due diligence on Peck Electric. GELV uses a proprietary prospecting system to seek other companies that are a good fit for its business plan.
Proprietary Technology
GELV is developing sustainable biomass-to-energy conversion solutions. The company is leveraging proprietary gasification technology to develop self contained, small footprint renewable energy gasification systems that can be rapidly and economically deployed to the waste site. GELV is focused on new biowaste conversion technologies that process methane gas from the waste of animals including cows, pigs, turkeys and chickens and convert it into electricity.
Not only does animal waste need to be handled to prevent it from contaminating the watersheds, it represents a significant cost to the animal farmers, ranchers and feed lot owners. Using this animal waste to create energy turns a cost to the operator into a potential profit center if enough energy can be created to send out to the grid. At the very least this animal waste can be used to reduce their demand and cost for utilities, thus reducing the overhead of their operations in two ways, eliminating the cost to haul the animal waste off the land and reducing their demand for outside electricity from the grid. There are very few companies offering solutions in this market segment.
Valuable Intellectual Property Portfolio
• Direct Steam Injection Heater with Integrated Reactor and Boiler, U.S. Patent No. 7,559,537 B1; Accepted July 14, 2009
• Methane Accumulator System for Septic Tanks, Docket # 0196-06PPA; Application # 60/963,750; Filing Date August 7, 2007
• Sensor Wand and Composting Apparatus Including Same, Docket # 0196-05UA; Application # 10/998,074; Filing Date November 26, 2004
GELV has developed and maintains a portfolio of patents and patent applications that form the proprietary base for its research and development efforts in the area of bioconversion, gasification and small footprint technologies. The company’s intellectual property and technology base provides a significant competitive advantage and should facilitate the successful development and commercialization of techniques and devices for use in a wide array of alternative green fuels and waste conversion solutions.