Zenergy Brands Closes Acquisition of Retail Electric Provider, Enertrade Electric
Summary
This acquisition culminates efforts that have gone on for more than a year, and the Company is pleased to officially enter the REP space with Enertrade as a subsidiary of Zenergy.“We are very grateful to the executives of Enertrade for remaining patient and sticking with us as this deal did take longer to close than we originally expected,” CEO Alex Rodriguez said.“But we are so proud and excited that we now have the REP platform to complement our smart controls and energy conservation offerings.”Zenergy Chairman, Byron Young, said, “The closing on the Enertrade REP Acquisition is a major milestone for Zenergy because we believe that the combination of the REP and Zero Cost services offered as a commercial package may create a very strong, low churn, highly valuable book of business.Zenergy Brands, Inc. (OTCQB: ZNGY), is a next-generation energy and technology company operating in the emerging smart energy/utility industry.