Ms. Melissa Bailey reports
ANAERGIA BOARD APPROVES ENGAGING FINANCIAL ADVISOR FOR STRATEGIC REVIEW
Anaergia Inc.'s board of directors has approved a motion to engage one or more financial advisers to assist the board and the company's management to conduct a strategic review of the company's options to maximize stakeholder value. These options could include but are not limited to raising additional financing, sale of certain assets, and the privatization, reorganization or restructuring of Anaergia.
The company cautions that there are no assurances that the evaluation of the potential options will result in the approval or completion of any specific transaction or outcome.
Anaergia does not intend to comment publicly further unless and until its board of directors approves a specific transaction, concludes its review, or determines that further disclosure is appropriate or is required.
About Anaergia Inc.
Anaergia was created to eliminate a major source of greenhouse gases by cost-effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high-efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Its customers are in the municipal solid waste, municipal waste water, agriculture and food processing industries. In each of these markets, Anaergia has built many successful plants, including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.
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