BOCA RATON, Fla., Dec. 13, 2012 /PRNewswire/ -- Energy 1 Corporation ("E1") (OTC PINKS: EGOC) announces the company has reached Now Trading on Over-The-Counter Pink® Current Information Market Tier under the Alternative Reporting Standard outlined by OTC Disclosure and News Service.
According to OTC Markets Group, the securities of Pink Sheet companies that provided current disclosure to the public markets, either through a regulator or directly to News and Disclosure Service, represented 95% of all the dollar volume traded in the OTC marketplace. Per our most recent communication with OTC Markets Issuer and Information Services; "We have finished processing your disclosure and attorney letter for the period ending September 30, 2012. Your company will be moved to the OTC Pink Current Information tier before the next market open."
"We are pleased to have returned to this market tier and are looking forward to continuing our enhanced transparency with shareholders," said Raymond T. Brown, Chairman of E1. "It is important in the company's progress to show and represent our new found success in our recent acquisition of Master Lease and are further pleased to have reported an operating income of $1,338,814."
About Master LeaseAcquired by Energy 1 in September of 2012, Master Lease is a 40yr+ truck & trailer leasing business based in Henderson, Colorado. Their customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors such as First Choice Transport, Greatwide Logistics, HVH, Landstar, Monfort, National Carriers and Power Source. Master Lease's present portfolio is comprised of more than 150 active leasing customers with approximately 250 over-the-road trucks & trailers, as well as some specialty equipment. For information about Master Lease, please visit: http://www.MasterLease.com About Energy 1 Corporation Headquartered in Boca Raton, Florida, E1 develops, manufactures and distributes fuel efficiency and emission reduction solutions for retrofit on diesel and gasoline powered equipment. E1's technologies are available for variable as well as constant speed motors and can be configured to meet most desires or need. For more information about E1 Trucks, the TekFuel System, the ExhausTek or IonTek solutions available for your truck or fleet, please feel free to contact E1.