ProfitScout
2 months ago
$LNTO News: Lelantos Holdings Finalizes Partial Acquisition of Eco Management Systems
SCOTTSDALE, Ariz., April 04, 2024 (GLOBE NEWSWIRE) -- via InvestorWire -- Lelantos Holdings, Inc. (OTC PINK: LNTO) (“Lelantos” or the “Company”) is proud to announce that it has completed the process to acquire 50% of Eco Management Systems (“Eco” or “Eco Management”), 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 began this process by formally executing a memorandum of understanding with Eco on Feb. 13, 2024, and finalized the process by executing an equity acquisition agreement on March 27, 2024. 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 on.
Dedicated to quality and craftsmanship, Eco is an experienced and highly reputable EPC that has been installing solar for homes and businesses since 2017. Over the past three years, Eco has signed 530+ jobs under contract, equating to more than 3.5 megawatts and $19.1 million in contract value. 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 BayWa r.e., ABC Supply Co., CED Greentech, 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.
CEO of Lelantos Holdings, Nathan Puente, says, “Finalizing this acquisition culminates a process we have been working on for more than 12 months. The synergy and alignment between Lelantos and Eco is outstanding and we are excited to expand our operational footprint and realize the goal of vertical integration within the renewable energy space through the acquisition.”
Isaac Curiel, president and founder of Eco, enthusiastically states, “Our company and full team is excited to begin this new chapter with the backing of Lelantos Holdings. They have already provided great benefits to our company through a rebrand, a new website, and enhanced sales and marketing efforts. The future is bright and I am confident that the combined power of the two companies will lead to great results.”
About Eco Management Systems
Licensed in California, Arizona, Texas, and Illinois, Eco Management is a leading full-service solar provider that has built a reputation for its exceptional service and results. At the forefront of the solar energy landscape, Eco Management’s passion lies in helping its partners navigate the industry and developing custom solar solutions that deliver client-specific objectives and needs. Eco embraces each project and delivers the best client experience through strategic project management, personalized leadership, and a transparent and proven process.
Proven Experience with Proven Results
12+ Years Operational Expertise
20+ Employees
4000+ Solar Projects Installed in Multiple States
5-Star Rated with the BBB
Eco Management Systems website: https://ecomanagementsystems.com/.
About Lelantos Holdings
Founded in the spirit of “Solution Hunting,” Lelantos Holdings' innovative business structure is purpose-built to acquire or joint-venture with established entities in strategic market sectors. With a focus on sustainable energy, Lelantos Holdings has a mission of being at the forefront of innovation in a dynamic industry, and the goal of operating as a vertically integrated entity to reduce overhead and increase service offerings. Although Lelantos is a new entity, the Company’s overall vision has been collectively developed by a seasoned management team over the past decade to culminate its current operations, foster innovation, and advance technological developments.
Lelantos Holdings website: http://www.Lelantosholdings.io
About Lelantos Energy
INNOVATIVE. STRATEGIC. SOLUTION ORIENTED.
Lelantos Energy offers a forward-thinking solution to adapt to the dynamic landscape of commercial solar, residential solar, microgrid design, energy storage architecture, and EV supercharging. With extensive industry expertise, they provide a comprehensive approach and have strategically joined forces with experienced and leading industry professionals as well as dedicated lending resources to create a model that will mitigate risk, establish high-yield rewards for investors, and firmly cement their vision to advance and revolutionize the delivery of renewable energy projects on a global scale.
Lelantos Energy’s strength is intelligently designing and developing large-scale projects, from multi-location operations to fully developed utility-scale systems. Beyond that, their key relationships allow them to finance, source products, develop and go to construction more quickly than traditional renewable energy solutions providers.
Lelantos Energy website: http://www.Lelantos.Energy
FORWARD-LOOKING INFORMATION
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company's current customer, supplier and other material agreements; and (viii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our Company website, www.LelantosHoldings.io, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our Company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our Company to review the information we post on the Company website.
CONTACT INFORMATION
Lelantos Holdings, Inc.
info@Lelantos.Group
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com
ProfitScout
1 year ago
Lelantos Holdings Successfully Acquires 15 Semitrucks Worth Approximately $1 Million Through Asset Purchase Agreement
LAS VEGAS, March 24, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Lelantos Holdings, Inc. (OTC PINK: LNTO) ("Lelantos" or the "Company"), formerly ProConcept Marketing Group, Inc., is pleased to announce that it has executed a formal asset purchase agreement to acquire 15 semitrucks with a current operational business model. This initial acquisition will conclude the first phase of the Company's four-step approach to entering into the shipping and logistics business. The completion of this initial asset purchase will provide Lelantos Holdings with a cash-flowing business model that is intended to complement its current energy division, as well as deliver the Company an increased asset valuation. The Company has also submitted its supplemental nonshell report with OTC Markets with the intent to remove the Company's "Shell" designation.
CEO Nathan Puente stated, "We are excited to add additional assets to our company, propel past the shell status and provide value to both the Company and shareholders. This, along with the acquisition of Lelantos Energy and the many projects under development, will help cement our future growth and achieve our goals of being an established and profitable company."
The initial assets were acquired from TK Zarro, LLC through a senior secured, 12-month convertible promissory note, which currently holds a principal debt amount of $1,397,664 and earns 8% interest annually, while providing the seller with an option to convert any unpaid debt into unrestricted LNTO stock at a 20% conversion discount to market price when the note matures. All assets initially acquired hold an approximate total valuation of $1,144,730 million, calculated by equally splitting the total average market valuation and the retail valuation numbers provided and reported through bumper.com, a third-party vehicle reporting agency.
COO Joshua Weaver stated, "The Company acquired the initial 15 semitruck assets at a slight premium to the approximate asset value, due to our team's complete understanding of the financial potential within the full business model, when all four phases are achieved. The decision was unanimously agreed upon by the board of directors, and we are all excited to add a logistics branch to our growing company, as it will complement future business endeavors and work synergistically with our overarching goals."
Further supplementing the financial commitments to the seller, it is the Company's goal to complete an asset-backed loan, which will be used to complete the subsequent three phases of its business plan in order to leverage all revenue streams to pay down all commitments and become debt free and profitable as soon as possible. The additional three phases of its plan include acquiring 18 tractor-trailers, a full freight brokerage business and a fuel program business from the seller, all of which are anticipated to deliver positive cash flow and support the Company.
About Lelantos Holdings
Founded in the spirit of "Solution Hunting," Lelantos Holdings' innovative business structure is purpose-built to acquire or joint-venture with established entities in strategic market sectors. Lelantos is eager to expand its mission to create a diversified group of businesses at the forefront of innovation and to foster an environment for accelerated growth and success, contributing to our shareholders' investment portfolio.
Pursuing business development through strategic innovation, Lelantos Holdings focuses on emerging technology in traditional markets to foster innovation and advance technological developments to positively impact our communities within the specific industries in which the Company works:
Agricultural technology and consultation
Sustainable energy
Business development & marketing
Medical technology
Lelantos Holdings website: www.Lelantosholdings.io
About Lelantos Energy
INNOVATIVE. STRATEGIC. SOLUTION ORIENTED.
Lelantos Energy specializes in creating unique energy solutions for an ever-changing landscape.
Lelantos Energy has strategically joined forces with experienced and leading industry professionals as well as dedicated lending resources to create a model that will mitigate risk and establish high-yield rewards for investors as well as firmly cement our vision to advance and revolutionize the delivery of renewable energy projects on a global scale.
Lelantos Energy's strength is intelligently designing and developing large-scale projects, from multi-location operations to fully developed utility-scale systems. Beyond that, their strategic relationships allow them to finance, source products, develop and go to construction more quickly than most renewable energy solutions providers.
Lelantos Energy website: www.Lelantos.Energy
FORWARD-LOOKING INFORMATION
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company's current customer, supplier and other material agreements; and (viii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our company website, www.LelantosHoldings.io, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our company to review the information we post on the Company website.
CONTACT INFORMATION
Lelantos Holdings, Inc.
info@Lelantos.Group
ProfitScout
1 year ago
Lelantos Holdings, Inc. Announces Its Completed Merger and Acquisition of Lelantos Energy, Inc. as a Wholly Owned Subsidiary
LAS VEGAS, March 07, 2023 (GLOBE NEWSWIRE) -- InvestorWire -- Lelantos Holdings, Inc. (OTC PINK: LNTO) ("Lelantos" or the "Company"), formerly ProConcept Marketing Group, Inc., is pleased to announce that it has finalized its merger, fully completing the process of establishing Lelantos Holdings as a public entity on the OTC Markets. The Company was already approved by FINRA for its name change, symbol change and reverse split and currently trades under the symbol LNTO.
On Nov. 14, 2022, Lelantos Holdings Inc., a Florida entity, filed the required articles of merger, merging Lelantos Holdings Incorporated, a Nevada corporation, into the Company with a requested effective date of Nov. 22, 2022. Following a three-month delay due to a backlog of processing requests, the articles of merger have now been processed, and management is pleased to announce the official merger.
Chief Executive Officer Nathan Puente stated, "I am extremely proud and happy that this merger has now been officially processed, and we can proceed with full confidence that all impediments to operating as a public company have been removed. We are prepared to aggressively move forward with the items we have been planning and deliver value to our shareholders, who have been waiting for this moment to happen."
In conjunction with the finalized merger, Lelantos Holdings has also completed the full acquisition of Lelantos Energy, LLC, which will operate as a wholly owned subsidiary of Lelantos Holdings to specifically expand its footprint and operations within the sustainable energy industry. This exciting development will leverage established relationships to develop industry-leading sustainable energy solutions.
Lelantos Energy Overview
Lelantos Energy specializes in creating unique energy solutions for an ever-changing landscape. It has strategically joined forces with experienced and leading industry professionals as well as dedicated lending resources to create a business model that will mitigate risk and establish high-yield rewards for investors as well as firmly cement its vision to advance and revolutionize the delivery of renewable energy projects on a global scale. From solar infrastructure and energy storage system (ESS) architecture to advanced monitoring and controls software development all the way through to complete utility-scale microgrid design and installation, Lelantos Energy has coalesced a team that fully executes a project from start to finish. This includes engineering design and specifications, financing, procurement, fabrication, construction and installation, project management and long-term maintenance.
Lelantos Energy's strength is intelligently designing and developing large-scale projects, from multi-location operations to fully developed utility-scale systems. Beyond that, its strategic relationships allow the company to finance, source products, develop and go to construction more quickly than most renewable energy solutions providers.
Additionally, Lelantos Energy has coalesced industry experts across a wide array of renewable energy verticals to attack the industry comprehensively and create multiple synergies that support each area of focus, including, but not limited to:
Commercial solar
Microgrid design
Energy storage architecture
EV supercharging
Lelantos Energy's business model will focus on well-known, long-standing corporations that are "energy dependent" and poised for the rapid deployment of solar combined with an energy storage architecture for additional capacity, as well as the strategic placement of EV supercharging stations. Specifically, its flagship clients will focus on but not be limited to:
Commercial warehouses and distribution centers
Data centers
Cold storage
Assisted living/adult living
Large grocery stores
Movie studios
Manufacturing plants
Government and municipalities
Hospitals and medical centers
Schools and universities
Large churches
Hospitality
Chicken, hog and large agricultural farms
Paper, chemical and textile industry
By focusing on energy-dependent targets and developing strategic alignment with financial resources to fund its pool of established projects, Lelantos Energy is poised for tremendous growth to provide the parent company (Lelantos Holdings) with sustainable, long-term, top-line revenue and profitability as well as deliver strong returns to shareholders. Management looks forward to fully disclosing specific details of all high-impact projects as they emerge and develop.
Chief Operating Officer Joshua Weaver stated, "The full acquisition of Lelantos Energy allows us to focus on one of the fastest-growing markets in the world - sustainable energy. The shift toward low-carbon fuels and the growing presence of stringent environmental regulations have provided a major boost to the renewable energy sector. Coupled with extremely favorable government subsidies and tax benefits, the global renewable energy market is experiencing tremendous growth, with an explosive trajectory over the next decade, and we seek to capitalize on this growth as much as possible."
Lelantos Energy website: http://www.Lelantos.Energy
About Lelantos Holdings
Founded in the spirit of "Solution Hunting," Lelantos Holdings' innovative business structure is purpose-built to acquire or joint-venture with established entities in strategic market sectors. Lelantos is eager to expand its multifaceted presence to a public platform, with a mission to create a diversified group of businesses at the forefront of innovation and to foster an environment for accelerated growth and success, contributing to our shareholder's investment portfolio.
Pursuing business development through strategic innovation, Lelantos Holdings focuses on emerging technology in traditional markets to foster innovation and advance technological developments to positively impact our communities within the specific industries in which the Company works:
Agricultural technology and consultation
Sustainable energy
Business development & marketing
Medical technology
Lelantos Holdings website: http://www.Lelantosholdings.io
FORWARD-LOOKING INFORMATION
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company's current customer, supplier and other material agreements; and (viii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our company website, http://www.LelantosHoldings.io, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our company to review the information we post on the company website.
CONTACT INFORMATION
Lelantos Holdings, Inc.
info@Lelantos.Group
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com
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