TORRANCE, CA / ACCESSWIRE / September 23, 2014 / Terminus Energy Inc. (TMGY) today announced that the Company has acquired Florida Access Services Inc. (FASI), an engineering firm headquartered near Tampa, FL that provides mechanical, low voltage and network engineering products and services.
FASI will operate as a wholly-owned subsidiary of the Company and specializes in access control and security systems integration, providing a turnkey solution for the engineering and installation of security and surveillance systems. The company designs and builds fully-integrated access control, security systems and fiber optic backbones for storage and industrial facilities, power plants, theme parks, military bases, private residences, homeowners' associations and property owners' associations and other facilities.
In recent months, Florida Access Services, Inc. has developed several products and relationships focused on growing and better serving its current client base including emergency access systems for first responders, energy management and monitoring for factories and low cost cable and internet service options for buildings and communities. Additionally, FASI recently expanded its current business by opening a new branch in New York City. For more information on FASI, visit www.floridaaccess123.com.
"Terminus Energy is pleased to announce the acquisition of Florida Access Services which will greatly increase our scope of services and competitive advantage as well as provide the Company with immediate revenue. FASI's premier installation and maintenance services will serve as an integral part of our business model and infrastructure moving forward," commented President & CEO of Terminus Energy, Dan Pratte.
"Terminus welcomes FASI's current client base that includes several large corporations and plans to leverage these successful working relationships to expand our overall business through additional acquisitions. Acquiring FASI marks an important initial milestone for Terminus Energy whose mission is to become a leader in secure access engineering and energy development," added Mr. Pratte.
About Terminus Energy
Terminus Energy's mission is to become the preferred distributed energy generation platform supplier to the electric power industry using its next generation fuel cell technology. The Company plans to manufacture the "Terminus System" power generation unit that will provide electric power providers such as commercial utilities, IPPs, industrial customers and the military with lower installation and operational costs while providing a smaller carbon generation and minimal environmental impact. Terminus Energy's commercially operated point-of-use fuel cell units seamlessly integrate grid parallel distributed electric power production capacity into the existing utility distribution infrastructure, making it extremely energy efficient and scalable. For more information, visit www.Terminusenergy.com.
Safe Harbor Statement
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Terminus Energy Inc.
631-828-2525
info@terminusenergy.com
SOURCE: Terminus Energy Inc.