HENDERSON, NV -- (Marketwire) -- 11/13/12 -- Blue Earth, Inc. (OTCQB: BBLU), a renewable energy and energy efficiency services company, announces potential benefits from passage of Proposition 39 in California. Sixty percent of voters approved the measure that closes an out-of-state corporation tax loophole. A maximum of $550 million a year, for five years, will go into a newly created fund to support projects that improve energy efficiency and expand the use of alternative energy. The fund could be used to support energy efficiency retrofits and alternative energy projects in public schools, colleges, universities and other public facilities. The fund could also be used for financial and technical assistance for energy efficiency retrofits and job training and workforce development programs.
'Closing the loophole means our industry should see a $500 million increase in energy efficiency and alternative energy funding at the state level for the next five years,' stated Johnny R. Thomas, President and Chief Executive Officer of Blue Earth, Inc. 'Blue Earth as a comprehensive energy solutions provider for small commercial businesses and utilities in California, is in a great position due to its successful track record, to pursue developing and implementing energy efficiency and alternative energy programs for the newly created fund.'
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Investor Relations Contact
Blue Earth, Inc.
John C. Francis
702.263.1808 Ext. 103
Liviakis Financial Communications, Inc.