Alliance Recovery Corporation previously received a valuation performed by Resource International of Ashland Virginia, a consulting engineering company with specific knowledge and expertise pertaining to the Alliance thermal chemical process. Resource International worst-case valued the Company at $94 million dollars on a going forward basis assuming that the Company was successful in moving forward with its financial, development, construction, and operational plans.
Since that valuation, the Company has moved forward with the implementation of activities specific to development, construction, and operational strategies that have continued to add value to the overall business effort. Continued efforts focused on the project financing have caused the Company to enter into specific negotiations with several organizations that have expressed an interest in financing the Alliance showcase installation and other similar installations the Company may consider in the future. Both debt and equity financings are currently being discussed.
Alliance CEO Peter Vaisler stated, “I’m extremely happy with the results of our discussions to date, and it remains our hope that in the weeks ahead, the Company will be in a position to make further disclosures pertaining to our financing efforts. This has been a lengthy process, however, we are still on plan and will be making arrangements that will allow the Company to construct and operate the show case waste-to-energy installation.” Activity and dialogue will continue in connection to completing the necessary project financing.
“This should be great news for all the Company’s shareholders who share our vision and recognize the huge potential of the Alliance business model and proprietary alternative energy process. Our patience will be rewarded as we are finally maneuvering into a position to get started,” he added.
The valuation was originally utilized in 2006 and 2007 in the Company’s 15c 211 Application to the NASD (National Association of Securities Dealers) to obtain a public listing. As a result of the NASD’s review of an earlier valuation, and their observation that the assumptions underlying that valuation were out of date primarily due to changes in the marketplace, it was necessary for the Company to provide an updated valuation.
It should be noted that during the period to obtain both SEC and NASD approvals, overall energy prices significantly increased. Subsequently, energy increases have continued thereby making the proposed Alliance initiative that much more attractive. Furthermore, the US Administration continues to encourage the development and use of energy alternatives and renewable energy sources. The United States Department of Energy (DOE) predicted a 54% increase in global energy demand from 1997 to 2015 and have suggested that US energy demands are not expected to peak until 2020.
Since energy plays a crucial role in sustained US economic growth, harmonizing increased energy requirements with ecological and environmental considerations demands that municipalities and regional power companies consider renewable and alternative sources of energy. These energy alternatives currently constitute only about 1% of the US energy supply. Alliance Recovery Corporation is positioned to play an important role in the national push to develop and transition to alternative/ renewable sources of energy generation.
Most States have recognized the need to conserve energy dollars that are exported for the purchase of energy fuels and as a result encourage development and deployment of alternative energy resources.
As a leader in research & development in alternative energy creation and by utilizing oil created from thermal chemical conversion of rubber waste, the Company will be able to provide America with sustainable energy to support peak demand.