cleangen group of companies
SUNVAULT ENERGY INC. (OTCQB:SVLT) ("Sunvault") ("the Company") (CleanGen Inc.) is pleased to announce that Sunvault Energy recently acquired the majority of the issued and outstanding preferred shares in CleanGen Inc. With the preferred share purchase, Sunvault Energy Inc. now owns 100% interest in CleanGen Inc. and its subsidiary companies on a fully diluted basis.
"We are very pleased with the CleanGen operation, its excellent opportunities and high quality of new executives and staff" says Gary Monaghan, President and CEO of Sunvault Energy. "This will be a high growth company whose vision is very synergistic to our own" he commented.
With this control position in the operations of CleanGen, Sunvault will be able to contribute to the advancement, growth and net revenue in a number of areas that CleanGen is operating.
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