ASUV -- Harmonic Energy Update on Funding & Finance Negotiations

ASUV -- Harmonic Energy Update on Funding & Finance Negotiations 
LONDON -- (Marketwire) -- 03/29/13 --  Harmonic Energy Inc. (OTCQB:
ASUV) is a company focused on tyre manufacturing and recycling using
an innovative approach to energy efficiency and sustainability.
Recently Harmonic has seen some volatility in the Company's stock
price and management would like to take this opportunity to provide
its valued shareholders with an update on its funding progress and
corporate developments.  
On January 16th Harmonic announced the signing of a term sheet to
provide the company with up to $10 million in financing for the roll
out of its core projects. Jamie Mann, Chief Executive Officer, said,
"We have been making good progress negotiating the final agreements
and the company's business plans are still on schedule." Mr. Mann
further stated, "We are committed to successfully closing our
financing and we are confident that continued progress toward its
close and the continued development of its projects will accelerate
the company towards profitability which will be rewarded by the
market with higher stock prices. We thank all of our valued
shareholders for voicing their concerns and comments while we
continue  moving the company forward." 
Beyond the existing negotiations for financing the Company is
currently evaluating several offers from qualified investment firms
with the intent of further strengthening its balance sheet. The
Company is seeking to expand beyond its current US & UK projects and
is also evaluating prospective opportunities in emerging markets
where additional feedstock opportunities exist to leverage our
business model. "Our success and extremely low cash burn over the
last year has put us in a strong position for growth. We believe it
is the right time to be aggressive and continue to pursue our stated
goals of seeking projects that offer significant potential returns.
There are great opportunities out there, and we are going to continue
to pursue and develop them in a cost effective manner," said Jamie
Mann. 
ASUV believes that its vertically integrated tyre manufacturing and
recycling systems hold the key to a profitable, sustainable market
for the growth of a greener tyre manufacturing sector. ASUV plans to
compete alongside major international corporations striving for more
sustainable tyre manufacturing solutions and commodities, such as The
Goodyear Tire & Rubber Company, Pirelli & C. SpA., and Michelin. 
About Harmonic Energy Inc. 
Harmonic is a company that focuses on a comprehensive solution to the
disposition of scrap tyres worldwide. Harmonic's plans include the
utilization of proven technologies that ensure each scrap tyre is
either remanufactured and put back on the road as a new tyre or is
completely recycled and reduced into marketable chemical commodity
products. Both the tyre remanufacturing and carbonization
technologies that will be utilized by Harmonic are commercially
proven and have viable operating commercial facilities. 
Harmonic plans to be the first company to integrate these two
technologies to provide a comprehensive 'closed-loop' solution for
the management of scrap tyres. By design, Harmonic plans to offer a
solution that replicates nature's intentions by developing symbiosis
between waste, energy supply and sustainable growth. For more
information please visit ASUV's website -- www.harmonicenergyinc.com. 
Safe Harbor 
Statements in this release may be regarded, in certain instances, as
"forward-looking statements" pursuant to Section 27(a) of the
Securities Act 1933 and Section 21(e) of the Securities Exchange Act
1934, as amended and are intended to be covered by the safe harbor
created by such sections respectively. "Forward-looking statements"
are based on expectations, estimates and projections at the time the
statements are made, and involve risks and uncertainties, which could
cause actual results or events to differ materially from those
currently anticipated, including, but not limited to delays,
difficulties, changed strategies, or unanticipated factors or
circumstances affecting Harmonic Energy Inc. and its business. There
can be no assurance that such forward-looking statements will ever
prove to be accurate and readers should not place undue reliance on
any such forward-looking statements contained herein. Harmonic Energy
Inc. will not republish revised forward-looking statements to reflect
events or circumstances after the date hereof to reflect the
occurrence of unanticipated events. Such forward-looking statements
involve a number of risks and uncertainties that could cause actual
results to differ materially from those projected, anticipated,
expected, or implied by the Company. These risks and uncertainties
include, but are not limited to, commodity prices and production
volatility, global economic conditions, currency fluctuations,
increased production costs from those assumed in resource recovery
plans and results, political, operational and project development
risks, including the Company's ability to obtain required permits to
commence production and its ability to raise required financing,
adverse governmental regulation and judicial outcomes. The closing of
planned financial transactions and obtaining bank financing are
subject to a number of conditions precedents that may not be
fulfilled. The bank financing and subordinated loans are subject to
final negotiation and satisfaction of conditions precedent. For a
detailed discussion of risks and other factors that may impact these
forward-looking statements, please refer to the Risk Factors and
other discussion contained in the Company's quarterly and annual
periodic reports on Forms 10-Q and 10-K, on file with the SEC. The
Company undertakes no obligation to update forward-looking
statements.  
Contact:
Jamie Mann
CEO
info@harmonicenergyinc.com 
 
 
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