Thawer Ashcroft Crowne & Co. Enters into a Strategic Alliance with Algepower, Inc. to Offer $25M

Nov. 16, 2010 - PRLog -- ATLANTA, GA (November 10, 2010) - Thawer Ashcroft Crowne & Co. announced today that it has entered into an agreement with Algepower, Inc. to offer investment collateral to the backend structure of the venture, where it will provide investors with a default-proof, collateral- backed portfolio of funded assets with face values equal to or exceeding the total amount invested in Algepower in case of a default, i.e. $25M. Algepower is currently in its initial capital raise of $2.5M for its pilot project, which it plans to operate through Q2 of 2011. Algepower is expecting to launch its commercial roll out in Q3 of 2011. Thawer Ashcroft Crowne & Co’s $25M facility will help ensure that Algepower will be able to access the capital it needs to move seamlessly into commercialization. “Algepower will not only be
financially strong with significant revenues with the involvement of Thawer Ashcroft Crowne & Co, but also it will have a strong capital structure that will fuel its capability to further enhance its unprecedented and innovative energy models in today’s green environment. We are delighted to partner up with Algepower in helping building a healthier world,” said Managing Member Rahim Thawer of Thawer Ashcroft Crowne & Co.

Founded in 2006 and headquartered in Montpelier, Vermont, Algepower is a producer of sustainable, renewable algoil and algae by-products.  Our patented Algeponics® system works year-round in cost effective and enclosed photobioreactor facilities. Algeponics® systems are scalable, efficient and adaptable for all-weather use almost anywhere on earth.  The Algeponics® system is a controlled environment for growing microalgae in the nutrient rich wastewater from anaerobic digesters.   With its patented technology, Algepower Inc. provides solutions to the challenges of waste remediation and cost-effective renewable energy production.

Thawer Ashcroft Crowne & Co.’s innovative and intricate financial investment models play an influential part in acquiring capital for various industries through its nonconventional yet solid strategies, which entail offering an investment security via full collateralization of distinct asset classes.  Thawer Ashcroft Crowne & Co is a pioneer in offering such security to all parties engaged, yielding favorable results.  
This agreement demonstrates a formula for funding companies that have strong growth and large market potential without incurring substantial risk to the investors.



Thawer Ashcroft Crown & Co. Contact:
Rahim Thawer, Managing Member
(404) 865-3389
rahim@disruptinc.com

Algepower, Inc Contact:
Laurence Baer, Director of Business Development
(410) 884-9555
LHBaer@algepower.com