OneRoof Energy Announces Receipt of Loan Financing
SAN DIEGO, Aug. 1, 2014 /CNW/ -- OneRoof Energy Group, Inc. (TSXV:ON), today announced that it has closed on $1,000,000 of additional loan funding under its existing secured loan structure. The loan was provided by Hanwha Holdings (USA) Inc., an existing shareholder of the company, and the proceeds (net of approximately $20,000 of expenses) will be used to fund the company's continued operations.
About OneRoof Energy
OneRoof Energy Group, Inc. (TSXV: ON), operating through its US subsidiary, OneRoof Energy, Inc., is a complete solar services provider offering homeowners everything from traditional and lease financing, solar system design and installation project management to ongoing system monitoring and maintenance services. Utilizing its technology-rich, solar leasing fulfillment platform, OneRoof Energy is partnering with traditional energy retailers and home services companies of all sizes to offer residential customers a wide spectrum of affordable, renewable energy choices. With its unique end-to-end energy solution, the company has created multiple touch points to offer cost-saving energy products and services that create a seamless experience for the homeowner while fulfilling their unique energy needs. Currently, the company serves residential customers in five states including Arizona, California, Hawaii, Massachusetts and New York with plans for additional expansion. For more information, visit www.oneroofenergy.com.
Caution Regarding Forward-Looking Information
Certain statements contained in this document, including those that express management's expectations or estimates regarding the Company's future performance, are "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is necessarily based on a certain number of estimates and assumptions, which while considered plausible by the management when they are made, are inherently subject to significant commercial, economic and competitive risks and uncertainties. We advise investors not to rely unduly on forward-looking information. The Company further declines any intention or obligation to publicly update this forward-looking information, whether due to new information, or future or other events, unless required by applicable law.
Neither the TSX Venture Exchange nor its regulation service provider (as these terms are defined in policies of the TSX Venture Exchange) bears responsibility for the adequacy or accuracy of this press release.
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