BluePoint Energy Closes $2.5 Million Financing
El Dorado Hills, California, April 20, 2004 - Chapeau, Inc. dba BluePoint Energy announced today the closing of $2.5 million in two financing transactions. The Company reported the closing of a $2 million 5-year convertible bond purchase transaction made as the Stage II investment in connection with a $5.9 million financing transaction with Calim Private Equity, LLC, of Aspen, Colorado announced in August 2002. The Company also reported the closing of $500,000 private placement for the sale of its Common Stock with a private individual.
BluePoint Energy CEO Guy A. Archbold, commented, "We are of course very pleased that based upon current development and results, our significant investor base has chosen to further invest in our business model and the exceptional work of our talented employee base. True to our founding charter to provide superior service and timely product development to the distributed energy generation market, we have been successful in and remain committed to initiating, receiving, and closing significant partnerships and alliances with highly recognized industry leaders as a critical component of our incremental approach to full commercialization and market acceptance of our Lean-One® technology. These most recent financing transactions provide both independent substantiation of our Company’s mission and direction as well as substantial working capital to finance our current marketing plan and orders in progress."
About Calim Private Equity, LLC
Calim Private Equity LLC is a private equity investment firm based in Aspen, Colorado specializing in early stage finance.
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