Laidlaw Energy to Become Fully Reporting SEC Registrant Business Wire “Press Releases – English “
NEW YORK –(BUSINESS WIRE)– Laidlaw Energy Group, Inc. (Ticker LLEG) (the Company) announced today that is has engaged the New York based law firm Herrick Feinstein, LLP (www.Herrick.com) to represent the Company in connection with making the requisite 10K and other such filings with the U.S. Securities and Exchange Commission to become a fully reporting company under the Securities Exchange Act of 1934. The Company believes that the planned filing(s) will allow the Companys common shares to be quoted via the OTC Bulletin Board shortly after the requisite filings are made.
Commenting on the planned filings, Laidlaw Energy President & CEO Michael B. Bartoszek stated We feel that this is the logical next step in the growth of the Company. Clearly we have outgrown the Pink Sheets and we believe that the steps we intend to take will allow for a new universe of potential investors, increased liquidity of our shares and greater transparency for our investors.
In addition to the planned filings, the Company expects to add to its project development team with a goal of accelerating the Companys growth and also to expand its Board of Directors. Currently former Congressman Charles Bass serves as a senior advisor to the Companys management and a non-voting member of its Board. Mr. Bass is currently seeking election to the House of Representatives in New Hampshires second congressional district and it is expected that he will need to step down from his role with the Company if he is successful. The Company is currently discussing the appointment of one or more outside directors and expects that certain Company executives will assume seats on the Board.