DUBLIN--(Business Wire)--Research and Markets( http://) hasannounced the addition of the "The Top 20 Manufacturers Of In Vitro DiagnosticsIn France, Belgium & The Netherlands" report to their offering. Actual results may differ materially from those currentlyanticipated in such statements. The Company assumes no obligation for theaccuracy or completeness of those forward looking statements andundertakes no obligation to revise these forward looking statements toreflect subsequent events or circumstances. and will trade on the TSX VentureExchange under the symbol ART.On Behalf of the Board of Directors,Douglas A.
Samuelson, Executive Vice PresidentThis news release may contain "forward-looking statements" within themeaning of applicable securities laws. Forward-looking statements addressfuture events and conditions and therefore, involve inherent risks anduncertainties. Lonestar/Acro Energy Technologies through itsacquisition of Acro Electric, Inc., a leading California residentialsolar integrator, has initiated its acquisition campaign in the solarintegrator market. Lonestar/Acro Energy Technologies continues toevaluate suitable acquisition candidates across North America. Followingthe May 11, 2009 Annual General Meeting, Lonestar will be changing itsname to ACRO ENERGY TECHNOLOGIES CORP.
The purchase price paid to Light Energy consists of US$192,250cash and 507,833 common shares issued from the treasury of Lonestar at adeemed price of CDN$0.33 per share (the "Payment Shares"). The Companyalso agreed to assume a maximum of US$100,000 in existing liabilities ofSolar Self Help, Inc. The Company also entered into employment agreementswith Duane Campbell and Karen Petersen Campbell, as General Manager,Concord Operations and Office Manager, Concord Operations, respectively.Closing of the acquisition is subject to any necessary approval of thetransaction by the appropriate authorities at the TSX Venture Exchange.About Lonestar Capital Corp./Acro Energy TechnologiesLonestar, through Acro Energy Technologies, is focused on theconsolidation and growth of renewable energy companies, primarily in theUnited States solar market. We believe that DuaneCampbell and his team in Concord and Steve Vella and the Acro team inOakdale and Pleasanton will complement each other. This deal is a perfectfit with the southern California acquisition targets with which we arecurrently negotiating," added Fleming.Under the Agreement, Lonestar acquired substantially all of the assetsand assumed a number of existing contracts for the installation ofphotovoltaic solar energy, solar water heating, and solar pool heatingsystems. The Light Energy transaction will enable Acro Energy to extendits photovoltaic business into the Bay Area and expand its business byoffering solar water heating and solar pool heating to the CaliforniaCentral Valley.Harry Fleming, CEO of Lonestar, commented, "The Light Energy deal is thenext step in Acro Energy's consolidation plan following February'ssuccessful acquisition of Acro Electric, Inc in Oakdale and the Marchopening of our office in Pleasanton, California.
d/b/a Light Energy Systems, aCalifornia corporation headquartered in Concord, California ("LightEnergy") and Duane and Karen Peterson Campbell, the sole shareholders ofLight Energy.Since 1980, Duane Campbell has specialized in the design and installationof photovoltaic solar energy, solar water heating, and solar pool heatingsystems. HOUSTON, TEXAS AND VANCOUVER, BRITISH COLUMBIA, May 06(MARKET WIRE) -- Lonestar Capital Corp. dba Acro Energy Technologies (TSX VENTURE: LON)(the "Company") is pleased to announce that on May 5, 2009, its whollyowned subsidiary, Acro Energy Technologies, Inc, a Californiacorporation, signed an Asset Purchase Agreement (the "PurchaseAgreement") with Solar Self Help, Inc. We believe EBITDA is an important supplemental measure because we utilize EBITDAto calculate our interest expense coverage ratio, which equals EBITDA divided bytotal interest expense. We believe that including EBITDA and thereby excludingthe effect of non-operating expenses and non-cash charges, all of which arebased on historical cost and may be of limited significance in evaluatingcurrent performance, facilitates comparison of core operating profitabilitybetween periods and between REITs, particularly in light of the use of EBITDA bya seemingly large number of REITs in their reports on forms 10-Q and 10-K. (Media):Matthew Tramel, Media Relations Director(630) 218-8000 Copyright Business Wire 2009.