| Laidlaw Energy Group, Inc. commenced trading publicly in August of 2002, when Laidlaw Energy, a privately held renewable energy company, merged with Poly-Eko Systems, Inc. and immediately thereafter commenced trading under ticker symbol "LLEG".
Laidlaw Energy pursued this path to becoming a publicly traded company due to the desire of Laidlaw Energy's founder, Michael B. Bartoszek, to take a non-traditional approach to corporate finance. Though Mr. Bartoszek had been offered capital by private equity investors for a stake in Laidlaw Energy, he instead preferred to raise capital in smaller increments from high net worth investors and thus retain greater control over the company.
The Company is currently in the process of moving the listing for the trading of its shares to the OTCBB. The timing for completing the move to the OTCBB is the third quarter of 2008.
LLEG Stock Quote
Business Description:
Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources. Our particular emphasis is on biomass power generation, which is the production of electricity and heat as a result of converting trees, plants or other similar organic sources into energy. Biomass power is the most widely used renewable energy source worldwide and is the fourth largest global energy source after coal, oil and natural gas. A key environmental attribute of biomass power is that it is carbon-neutral, so it does not create greenhouse gas emissions that contribute to global warming and climate change.
Laidlaw Energy's business objective is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities, and though partnering with manufacturing businesses that have significant energy needs. In so doing, Laidlaw Energy intends to become the leading provider of biomass power in the U.S.
State of Incorporation:
New York
Capitalization:
Common Shares Outstanding: 1,344,745,756 as of 1/11/08
Common Shares Authorized: 1.5 billion
Other Securities Outstanding: 1 million Series A preferred shares held by management
Insider Ownership: Management owns approximately 70% of the Company's equity securities on a fully diluted basis
Transfer Agent:
American Registrar and Transfer Co.
342 East 900 South
Salt Lake City, Utah 84111
Tel. 801-363-9065
www.americanregistrar.net
Investor Relations:
E&E Communications
25052 Salford Street
Laguna Hills, CA 92653
Tel. 949-707-5365
Attn: Paul Knopick
Email: PKnopick@eandecommunications.com
www.eandecommunications.com
Legal Counsel:
Cohen & Czarnik, LLP
140 Broadway, 36th Fl.
New York, NY 10005
Tel. 212-371-8500
www.ccllp.com
Auditor:
Gruber & Co, LLC
121 Civic Center Drive, Ste 225
Lake Saint Louis, MO 63367
Phone: 636-561-5639
www.gruberauditfirm.com
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