DETROIT, July 7, 2009 (GLOBE NEWSWIRE) -- Energy 1 Corporation (Pink Sheets:EGOC) announced today that it has engaged the services of Hilbroy Advisory Inc. to help manage its investment banking and corporate finance affairs.
According to the company, since 2000, Hilbroy Advisory has helped publicly and privately held corporations raise funds through institutional investors and accredited investors. The initial task of Hilbroy Advisory will be to manage all disclosure requirements and the company's securities awareness campaign. Hilbroy Advisory Inc. currently owns 13,000,000 restricted common shares of Energy 1 Corp.
Disclosure Information
Hilbroy Advisory Inc. is an advisor to Cunningham-Adams Asset Management and its group of funds including but not limited to Cunningham-Adams Small Cap Fund I, Fund II, and Green Fund. Jean-Francois Amyot is the President of Hilbroy Advisory Inc. and he is a unit holder of the Cunningham-Adams funds through a holding company named Toyma Capital Inc. Toyma Capital Inc. is the majority shareholder of Hilbroy Advisory and Toyma Capital is wholly owned by the Amyot Family Trust and Jean-Francois Amyot is one of the Trustee and one of the discretionary beneficial owners of the trust. It is therefore advantageous for Cunningham-Adams's group of funds to support and finance the businesses it currently holds directly and or indirectly in its portfolio. The public company used in the transaction with Corp. was a company, which received approximately $2 million in financing from Cunningham-Adams Small Cap Fund I. In addition, the company acquired an oil and gas property from Lotta Coal Inc., whereby Cunningham-Adams Small Cap Fund I was also a shareholder by way of its investment in Lotta Coal of approximately $6 million. Cunningham-Adams Small Cap I is therefore a large shareholder of Energy 1 Corp, but holds less than 10% of the corporation.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian-based advisory and consultancy company founded in September 2000. Hilbroy provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential. The company's head office is located in Montreal, Canada. www.hilbroyadvisory.com Hilbroy has secured its international position through affiliate offices in London, Zurich and soon Moscow and Hong Kong. Hilbroy has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with Investor Relations firms and consultants.
About Energy 1 Corporation
Energy 1 Corporation is a US based Energy Research and Development Corporation, which is developing a long-life energy generator and storage systems for residential, commercial and transportation industry.
Important Information
About Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.