Colorado Springs, CO— (October 21, 2014) – Energia Renovable Versant (the “Company”) applied for and received its new Letter of Interest from the Export-Import Bank of the United States (“Ex-Im Bank” or “Ex-Im”). The Letter of Interest No. LI603967XX, is for the development of the Company’s proposed wind park in Costa Rica, where the US content is estimated to be $36,000,000.00. Based on these amounts, Ex-Im Bank’s estimated financing package would be $36,000,000.00.
“We began this new application some time ago, and are pleased to have received the new letter. Ex-Im Bank has a new, more detailed approach, for the application process that took longer than previous instances. Debt financing is an important component as we continue to pursue the wind park project and we are grateful for Ex-Im’s ongoing support. While the Costa Rican government is undertaking their internal analysis, which has in turn, placed all private projects on-hold, we want to ensure we have this critical component in place as we continue to pursue the matter. We are pleased to have the letter in place and wanted our shareholders to know,” said Jose P. Quiros, the Chief Executive Officer of STL Marketing Group, Inc.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.