LAS VEGAS, NV--(Marketwired - Sep 12, 2013) - PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today that it had secured a commitment for 50 Million USD in financing from Euro Brazil Investments, SA of Luxembourg City, Luxembourg. Euro Brazil Investments, registered through the Brazilian Central Bank, will receive a minority interest in exchange for its investment in PacWest Equities, Inc., which plans to bring its recently acquired Solar Line of CIGS Manufacturing Technology and its proprietary Intellectual Property to Brazil.
The technology, which cost over $100 Million to develop, with $67 Million going to Research and Development, $12 Million to build the prototype line, and $27 Million going to the actual production line now in physical possession of PacWest Equities, Inc., addresses the construction market's need to replace typical tinted window panes in high-rise buildings with Solar Glass Panels that generate electricity at the same time as functioning as a window, a skylight, or any other type of building cover. This technology is designed to integrate with other technologies in the building market, but at the same time opening up huge surface areas for Solar Generation that previously were tinted, coated, and usually curtained in an attempt to stop the transfer of heat and energy drain.
About PacWest Equities, Inc.
PacWest Equities, Inc. specializes in working with under performing companies and bringing together the resources needed for them to attain financial stability and growth. Our focus is on recession proof industries such as food and energy production showing a positive upside while struggling to bring new bio-technologies and unique products to market.
About Euro Brazil Investments, SA
Euro Brazil Investments SA is a company incorporated in the Grand Duchy of Luxembourg, specializing in the acquisition and application of foreign investments in Brazil. Consisting of Brazilian investors interested in investing resources in the development of visionary companies, Euro Brazil acts with special attention to the application of financial resources and the results generated for both the company and for Brazilian society.
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