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Allenergy Takes Steps to Become
All-Energy; Diversifying Into Wind Power
INDEPENDENCE, Kan., Jan. 29, 2009 - Allenergy, Inc. (ALRY),
with an 18 year history of oil and natural gas
development and production, today announces it has taken
the key steps towards expanding its business to include
wind power. It has been a longstanding plan of the
Company to broaden its source of revenue by expanding
into additional forms of energy.
Because of both the revenue and the Federal tax breaks,
many land owners in the region are seeking to use their
land for wind power generation. Allenergy (ALRY) is
taking the necessary steps to sell, service, and install
wind power generation. Allenergy (ALRY) can also benefit
from wind power revenues on its current leases and on
additional land leases.
"Though our core focus remains oil and natural gas
production and well services, it has been a part of our
long term strategic plan to diversify," Larry Sanford,
CEO, said. "With the incredible rise and fall of oil
prices recently it seems even more prudent to open up
additional revenue streams. Our plan will help to ensure
Allenergy's (ALRY) long term growth and profitability
regardless of oil price fluctuations."
Rex Horning, Allenergy's (ALRY) Vice President of
Operations, has been leading the strategic planning for
Allenergy's (ALRY) diversification. "We have the
potential to take advantage of the new technologies for
wind generation. The demand for wind generation has
increased. In time Allenergy (ALRY) will have the
opportunity to provide some of our existing clients with
additional services," Mr. Horning said.
Note: Certain statements in this news release may
contain "forward looking" information within the meaning
of rule 175 under the Securities Act of 1933 and Rule
3b-6 under the Securities Act of 1934 and are subject to
the safe harbor created by those rules. All statements,
other than statements of fact, included in this release,
may include forward-looking statements that involve
risks and uncertainties. There can be no assurance that
such statements will be accurate and actual results and
future events could differ materially from those
anticipated in such statements.
E&E Communications
Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com |