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PRZOOM - /newswire/ -
Winston-Salem, NC, United States, 2008/08/15 - SmallCapReview.com, a leading small-cap stock information site, is pleased to announce that Acorn Energy (Nasdaq: ACFN) has been named "Stock of the Month".
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Acorn Energy is a "green" holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. ACFN has virtually no debt and as of August 13, 2008, has a cash balance in excess of $19.0 million. Acorn Energy's operating companies leverage advanced technologies to transform the existing energy infrastructure.
ACFN's strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with interests in seven companies.
ACFN has equity interests in three listed companies: 552,500 shares of Comverge, (listed on the Nasdaq Global Market), 407,000 shares (31.4%) of Paketeria AG (listed on the Frankfurt Stock Exchange), and 15,714,285 shares (23.8%) of GridSense (listed on the TSX Venture Exchange). Acorn has controlling or significant interests in four private companies: CoaLogix, (85%); Coreworx (100%); DSIT (72%); and Local Power (10%).
Features available at SmallCapReview.com include in-depth profiles of select Small-Cap/Penny Stocks as well as the most comprehensive and up to date news available on the small-cap market.
SmallCapReview.com is not a registered investment advisor or broker/dealer. No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Nothing within our site should be construed as an offer or solicitation to buy or sell products or securities. The companies we profile may lack an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. SmallCapReview.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our website or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), SmallCapReview.com will disclose, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on our website. SmallCapReview is being compensated five thousand dollars a month by Acorn Energy for its services. SmallCapReview has bought eight hundred shares of Acorn Energy in the open market.
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