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Lelantos Holdings to Acquire Eco Management Systems and Announces New Board of Directors Appointment
Lelantos Holdings to Acquire Eco Management Systems and Announces New Board of Directors Appointment.
About this update from Lelantos Holdings Inc.
[{"type":"text","content":"\n SCOTTSDALE, Ariz., Feb. 13, 2024 (GLOBE NEWSWIRE) -- via InvestorWire -- As part of its ongoing effort to provide renewable energy to the masses, Lelantos Holdings, Inc. (OTC PINK: LNTO) (“Lelantos” or the “Company”), has taken the first step in its acquisition of Eco Management Systems. “Eco” or “Eco Management” is a full-service commercial and residential solar contractor (“EPC”), that is licensed in Arizona, California, Illinois, and Texas, with its primary corporate headquarters located in Scottsdale, Arizona. Lelantos executed a memorandum of understanding with Eco to acquire 50% of their company and is currently finalizing the formal binding agreements to actuate the acquisition. This new addition to the Company will allow it to greatly expand operations, including the introduction of a residential solar program, and directly install Company projects in the states where Eco is licensed. The Company has structured plans to fully acquire Eco after the successful completion of milestones that the Company and Eco have mutually agreed upon. With a mission to expand the use of renewable energy to as many households and commercial establishments as possible, Eco’s goals directly align with the Company’s objectives within the industry and lay the foundation for immediate growth. The acquisition directly benefits the Company in the following (but not limited to) ways: Multiplies the Company’s top-line revenue on all collaborative projects 5X-10X.Provides the Company with direct access to all of Eco’s nationwide finance arms, including top solar lenders such as Sunnova.Provides the Company with direct access to all of Eco’s preferred industry-best pricing with nationwide renewable energy equipment vendors such as CED Greentech, BayWa r.e., ABC Supply CO., and many others.Direct licenses to operate in four (4) large solar markets, which allows for strict quality control, greater cost savings, larger margins, and better results. The direct licenses also enable the Company to bring on its own sales groups in each market to generate leads and sales pipelines.Empowers the company with the ability to easily expand into new markets.Leverages more than a decade of high-level performance and experience in the solar industry. COO of Lelantos Holdings,...