HENDERSON, Jul 28, 2014 (GLOBE NEWSWIRE via COMTEX) — AMERILiTHIUM Corp. (OTCBB:AMEL), (the “Company” or “AMERILiTHIUM”) (www.AMERILiTHIUM.com) is pleased to announce it has signed a Letter of Intent to acquire Patten Energy, Inc. (“Patten”) of Los Angeles, CA. The Company’s acquisition of Patten, which is subject to definitive documentation, is part of the broader strategic initiatives that the Company is currently undertaking. Patten Energy is a successful, well established diversified energy company with a rich history spanning 24 years. Patten’s senior management, headed by its founder Ezekiel Patten, MBA, has led the company to over $6,000,000 in 2013 revenues.
Patten Energy is a diversified energy firm specializing in the marketing of natural gas, propane and petroleum products to utilities, fleets, industrial and commercial markets. In 2005, Patten expanded to include services such as IT, environmental remediation and hazardous waste. Their client list includes businesses of various sizes, as well as segments of the federal, state and local governments.
The Company will be maintaining their Lithium and other mining assets in order to retain their value, and although there is no immediate plans for divesting or investing in the mining assets, they will be exploring strategic alternatives which are the most beneficial to Shareholders.
ERNEST B. REMO, CEO OF AMERILITHIUM, COMMENTED:
“This marks one of the first steps in the implementation of the Company’s new strategic initiatives. Over the coming weeks and months the Company anticipates making additional progress in implementing these new strategic initiatives and will advise Shareholders regarding any new developments.”
“We are very excited about the future of the company and invite all Shareholders and all other interested parties to call or email our Investor Relations team with any questions, comments or concerns.”
AMERILiTHIUM is a publicly traded (OTCBB:AMEL) company moving toward becoming a vertically integrated energy service company. AMERILITHIUM is keen on making complementary acquisitions in the same vertical and horizontal business segments.
Forward Looking Statements:
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.