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SNRG Completes Reorganization and Structures Income Funds.

Publication: Business Wire
Publication Date: 17-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SCOTTSDALE, Ariz. -- SNRG Corporation (OTCBB:SNRG) is pleased to advise that the Company has completed the Corporate reorganization commenced in November 2004. The significant events of this turnaround include the projection of a modest profit for 2005 compared to a $3.5 million loss for 2004, recapitalization of the Company including the elimination of all significant debt, reconfiguration of existing assets, establishment of an in-house Texas registered Operating Company and design of a new business model....

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