Blue Earth, Inc. (OTC BB: BBLU)
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RedChip Companies, Inc.
Blue Earth Completes Retrofits for 358 Carl's Jr. Restaurants in Four West Coast States
6/27/2012 5:30:00 AM
HENDERSON, Nev., June 27, 2012 (GLOBE NEWSWIRE) -- Blue Earth, Inc. (BBLU), an energy efficiency and renewable energy services company, announced today that it has completed the installation of 1,655 energy efficient EC motors in 358 Carl's Jr. restaurants located in California, Washington, Oregon and Idaho. The value of the completed retrofit program was approximately $288,000. The project was marketed and installed under the Blue Earth Energy Management Services(TM) ("BEEMS(TM)") trade name. BEEMS(TM) also secured approximately $94,000 in rebates from 23 utilities that helped offset a large portion of the project costs.The BEEMS(TM) team members are experts in providing restaurant owners, such as Carl's Jr., with comprehensive energy conservation measures that result in long term energy savings and reduced operating costs. The estimated first year energy savings are expected to be approximately $271,000 and the estimated five year energy savings are expected to be approximately $1.6 million. The annual kWh saved is approximately 1,860,125.
"This project highlights BEEMS(TM) commitment to provide comprehensive energy conservation measures to customers that have multiple facilities in west coast States," stated John Pink President of Blue Earth Energy Management Services, Inc. "We are proud of the work accomplished with Carl's Jr. and applaud their commitment to reducing energy consumption and their carbon footprint." Blue Earth Energy Management Services, Inc. is a wholly owned subsidiary of Blue Earth, Inc.
For further information about BEEMS(TM), visit www.blueearthems.com.
About Carl's Jr.
Carl's Jr. is celebrating more than 70 years in the quick-service industry. What began as a lone hot dog cart in Los Angeles, CA in 1941 is today a wholly owned subsidiary of CKE Restaurants, Inc. of Carpinteria, CA. As of the end of fiscal 2012, the Company, through its subsidiaries, had a total of 3,243 franchised or company-operated restaurants in 42 states and in 25 countries, including 1,313 Carl's Jr. restaurants and 1,912 Hardee's(R) restaurants.
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Blue Earth, Inc.
Disclosure: None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Blue Earth, Inc. (“BBLU”) is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. BBLU paid RedChip Visibility, a division of RedChip Companies, Inc., $36,000 for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. BBLU agreed to pay RedChip Companies, Inc., a fee of $10,000 in cash per month and 50,000 shares of common stock under Rule 144 (eligible for legend removal on November 25th, 2011), plus 50,000 shares of common stock under Rule 144 due on November 25, 2011 (eligible for legend removal on May 25th, 2012), for twelve (12) months of these investor relations services. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein.