Green Energy Live, Inc. (GELV.OB) Extends Letter of Intent to Acquire Peck Electric
Green Energy Live Inc. is developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems. The company today announced that it is continuing to move forward with its acquisition of Peck Electric. On April 28, 2010 Green Energy updated its letter of intent to acquire 100% of the stock in Peck Electric, an established provider of electrical contracting services which generated $6 million in gross revenue in 2009. The new updated letter contemplates closing…