HENDERSON, NV--(Marketwired - September 18, 2015) - Blue Earth, Inc. (BBLU), an alternative/renewable power generation services company, announced today that on July 17, 2015, Blue Earth's shareholders approved a 4,000,000 share increase in the Company's 2009 Equity Incentive Plan (the "Plan"). On August 17, 2015, Blue Earth entered into an employment agreement with G. Robert Powell, as Chief Executive Officer and a director, effective August 31, 2015. Under his employment agreement he was granted an aggregate of 3,500,000 options exercisable at prices increasing from $1.00 to $4.00 per share, vesting over the next four years. All of the terms of the options were fully disclosed by the Company on a Form 8-K filed on September 2, 2015. However, rather than using up 3,500,000 of the 4,000,000 newly authorized options under the Plan, which is exempt from Nasdaq's listing requirements, the Company decided to list 3,100,000 non-qualified stock options under the Employment Inducement Awards exemption from Nasdaq listing and issue the maximum 400,000 incentive stock options permitted under the Plan, necessitating this press release.
BBLU is engaged in the clean technology industry with a primary focus in alternative/renewable power generation sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and materially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "may," "will," "should," "intends," and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, the performance of the maintenance of diesel generators, and the planned installation of CHP/diesel energy plants. These forward-looking statements are based on the company's current believes and expectations, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Ks, Form 10-Qs, Form 8-Ks, Proxy Statements and other filings. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.