NEW YORK, NY — (Marketwire) — 02/08/12 — RenuEn Corporation (PINKSHEETS: SHKZ), a rapidly expanding renewable energy roll up company focused on solar, wind and geothermal energy solutions for the residential, commercial and government marketplace, is pleased to announce that it has received approval from the Financial Industry Regulatory Authority (FINRA) to change its stock symbol to RENU, which most accurately reflects the Company–s business and industry. RenuEn–s securities will cease trading under the symbol SHKZ and commence trading under the new symbol on February 9, 2012.
The approval for RenuEn–s ticker symbol change is the latest step in the Company–s corporate reorganization plan to re-create itself as the largest full-service provider of Residential and Commercial Solar Energy Systems in the US. RenuEn recently completed a series of strategic acquisitions in the industry and officially changed its name to represent the Company–s new direction. The name RenuEn Corporation is an acronym derived from the market in which the Company now operates (“Renewable Energy”); and signifies the full-service nature of its involvement in a highly fragmented industry.
RenuEn Corporation (formerly Shaka) focuses on Geothermal, Wind and Solar Energy Systems sales and installation for the residential, commercial and governmental market place enhanced with a keen eye toward Economic Think Tank Participation specific to the Renewable Energy Industry. Our goal is to be the premier gateway to the renewable energy market for both technology developers and consumer solutions while providing leadership to an expansive and rapidly growing yet simultaneously fragile industry.
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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company–s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company–s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact and Inquiries for Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462