VitalTrust Business Development Company (OTCBB: VTBD) announced that with the completion of the company’s election to withdraw from being treated as a business development company, they will continue operating as a vertically integrated alternative energy company. The company will also be changing its name to Renewable Energy Resources, which will better favor their business strategy.
The mission of Renewable Energy Resources will involve “Delivering Renewable Fuels to the World,” as stated by the company. Through organic growth and the existing acquisitions of a number of alternative energy companies during the first quarter of 2008, the company is confident in carrying out their mission statement. Having business segments in production, management, distribution, technology, sales, marketing, and finance, RER will be actively participating across the continuum of renewable energy delivery.
VitalTrust Business Development Corporation operates as a closed-ended management investment company. They provide equity and long-term debt financing to small and medium-sized private companies throughout various industries in the United States. One of their matters is holding 100% interest in American Card Services, Inc., and Entellectual Solutions Properties Group, Corp., (ESPG). American Card Services intends to make investments in financial services and real estate entities, while Entellectual Solutions Properties Group, Corp. develops, acquires, integrates, and delivers a wide array of technologies and solutions to the market. The company’s share price saw an increase up to 220.00% on Monday.
Let us hear your thoughts below:
