Published:
Vista International Inc. to Acquire Maui Energy Company
ENGLEWOOD, Colo., Feb. 15 /PRNewswire-FirstCall/ -- Vista International
Technologies, Inc. (OTC Bulletin Board: VVIT), is pleased to announce an
addition to Vista International Inc.'s family of companies. Vista
International Inc., the parent of Vista International Technologies (VVIT) has
signed a term sheet to acquire 100% of the stock of Maui Energy Company, an
alternative energy company based on the Hawaiian Islands. The all stock
transaction will allow Vista to capitalize on the relationships that Maui
Energy has developed for its renewable energy technologies with local
governments, businesses, and other institutions. The current president of the
company, Leo K Caires, has been working with Vista International as a
consultant in recent months, and will continue after the purchase in his
current capacity.
Barry Kemble, CEO of Vista International Technologies, Inc. commented, "We
are particularly excited about the deal, as the Hawaiian Islands have been a
main point of focus for VVIT's global development strategy. Disposal of
municipal solid waste on the islands has been a growing problem and management
feels that VVIT's Thermal Gasifier technology presents an optimal solution in
dealing with the limited landfill space."
Leo Caires commented, "Vista International Technologies has demonstrated
their commitment to provide clean renewable energy solutions to the Hawaiian
Islands while addressing Hawaii's growing energy challenges. This transaction
will allow Vista and Maui Energy Company to maintain a lead in Hawaii's
development for innovative technological solutions in waste to energy. We can
now further maximize Maui Energy's established operations of embedded
generation and enhance returns for our shareholders. Mr. Caires continued, "In
addition, recent initiatives by state government to move a majority of their
energy production to renewable sources should present excellent opportunities
for the technologies of both Vista International and VVIT."
ABOUT VISTA INTERNATIONAL TECHNOLOGIES
Vista International Technologies, Inc. is presently comprised of two
divisions devoted to providing environmentally friendly technology solutions
for businesses and communities. Our divisions are focused in the areas of
Waste-to-Energy. For more information on our solutions, please visit us at
http://www.viti.us.com
"Reducing the carbon footprint, one step at a time."
Statements in this press release other than historical facts are
'forward-looking' statements within the meaning of section 27A of the
Securities Act of 1933, section 21E of the Securities Exchange Act of 1934.
Since these statements involve risks and uncertainties and are subject to
change at any time, the Company's actual results could differ materially from
expected results. Future operating results of the Company are impossible to
predict and no representation, guaranty, or warranty is to be inferred from
those forward-looking statements. Readers are advised to review the 'forward-
looking statements' included in our reports which are filed with the
Securities and Exchange Commission.
SOURCE Vista International Technologies, Inc.
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Copyright © 2009, NewsBlaze,
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