Alternus Energy Files SEC Form 10 to Become SEC Reporting Company

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New York, NY, Aug. 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- . (OTC: ) (the “Company” or “Alternus Energy”), a global renewable energy company, today announced that it has filed a registration statement on SEC Form 10 with the U.S. Securities and Exchange Commission (SEC) to register its common stock under the Securities Exchange Act of 1934. The filing includes audited financial statements for the years ended December 31, 2018 and 2017 and unaudited financial statements for the three months ended March 31, 2019 and 2018. 

The Company’s voluntary filing of the Form 10 with the SEC will make it subject to the periodic reporting requirements of the Securities Exchange Act of 1934 sixty days from the date of filing, which thereafter requires the filing of annual, quarterly and current report filings with the SEC. 

This announcement follows the Company’s comprehensive Shareholder Update and Outlook for 2019 issued on May 30th, and forms an integral part of its ongoing effort to improve investor transparency and communication. Alternus Energy will also be releasing a quarterly update summing up its operational progress and achievements by the end of August.

Alternus Energy Inc. is a global renewable energy company that owns and operates Utility Scale Solar parks internationally. Each solar park generates clean energy every day that is sold to national power grids under long term, government counterparty, fixed price contracts.  The Company currently has operational solar parks in Germany, Italy and Romania with contracts in place to add additional solar parks in the Netherlands. For further information please go to: 

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," “potential” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the OTC and the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

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contact@alternusenergy.com

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Globe Newswire: 13:28 GMT Wednesday 14th August 2019

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