Vision Energy Plans Relocation of H.Q. To London, England

Rhea-AI Summary

Vision Energy Corporation (VENG) plans to relocate its headquarters from the U.S. to London, England, to support its European projects. The company aims to expand its project portfolio to develop midstream storage and throughput infrastructure for green and low-carbon energy products. The relocation is scheduled for the end of Q3 2023. CFO Matthew Hidalgo has departed the company to pursue other interests, and Michael Doyle has resigned as a director due to other management commitments. The company expresses gratitude for their service and will replace the CFO position soon.

JERSEY CITY, N.J., July 21, 2023 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTC:VENG) ("Vision" or the "Company") is pleased to announce that the Company is planning to relocate its headquarters from the U.S. to London, England, to support its European projects as it plans to expand its project portfolio to several Energy Hub Sites that are strategically located for development of midstream storage and throughput infrastructure that will enable import and export of green and low-carbon energy products and fuels; and the development of “Power-to-X” energy production facilities under its wholly owned European Holdings subsidiary. The relocation of the Company’s headquarters is planned for the end of Q3 2023.

As part of this relocation, Matthew Hidalgo, CFO who is based in Dallas, Texas has departed the company July 20, 2023, to pursue other interests. Michael Doyle has resigned as a director due to his other U.S based management commitments. Neither have disagreements with the company and both have enjoyed their time and wish the company success going forward. Matt Hidalgo will continue to assist in transition.

Andrew Hromyk, CEO, commented, “We would like to thank Matthew Hidalgo and Michael Doyle for their service. Matthew Hidalgo has been a great asset to the company and has professionally and ethically met his responsibilities as CFO during his tenure”. Vision Energy Corporation will be replacing the CFO position in due course.

About Vision Energy

Vision Energy Corporation identifies energy commodities and focuses on originating and developing energy infrastructure projects and assets which facilitates the energy transition through low-carbon energy solutions. The Company leverages its experienced team with a vast proven track-record in site procurement, accelerating development permitting, facilities design, engineering studies and project management to deliver an efficient and method driven project development process. Vision pursues commercial relationships and operating partnerships with energy industry participants and off-takers seeking carbon abatement across feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions whilst targeting an attractive investment yield, by utilizing and leveraging existing gas, power, and logistics infrastructure to enable import and or distribution of reduced-carbon energy for domestic and global value chains.

Vision Energy
95 Christopher Columbus Drive,
16th Floor Jersey City, NJ 
07302 USA
visionenergy.com

Media Contact
Jarrod Holland 
InvestorBrandNetwork (IBN)
Phone:  910.431.3322
jarrod.holland@investorbrandnetwork.com

Investor Contact
Scott McGowan 
InvestorBrandNetwork (IBN)
Phone: 310.299.1717
ir@visionenergy.com

 Forward-Looking Statements:

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “forecast”, “anticipate,” “believe,” “estimate,” “expect” and “intend,” among others. These forward-looking statements are based on current expectations, and actual results could differ materially. The Company does not undertake an obligation to update or revise any forward-looking statement. The information set forth herein speaks only as of the date hereof. 

FAQ

What is the ticker symbol for Vision Energy Corporation?

The ticker symbol for Vision Energy Corporation is VENG.

Where is Vision Energy Corporation planning to relocate its headquarters?

Vision Energy Corporation is planning to relocate its headquarters from the U.S. to London, England.

What are the strategic objectives of Vision Energy Corporation's relocation?

The strategic objectives of Vision Energy Corporation's relocation are to support its European projects, expand its project portfolio to develop midstream storage and throughput infrastructure for green and low-carbon energy products, and develop 'Power-to-X' energy production facilities.

When is the planned relocation of Vision Energy Corporation's headquarters?

The planned relocation of Vision Energy Corporation's headquarters is at the end of Q3 2023.

Who has departed from Vision Energy Corporation?

CFO Matthew Hidalgo has departed from Vision Energy Corporation.

Who has resigned as a director from Vision Energy Corporation?

Michael Doyle has resigned as a director from Vision Energy Corporation.

What is the reason for Matthew Hidalgo's departure?

Matthew Hidalgo has departed to pursue other interests.

Why did Michael Doyle resign as a director?

Michael Doyle resigned as a director due to his other U.S. based management commitments.

Will Vision Energy Corporation replace the CFO position?

Yes, Vision Energy Corporation will be replacing the CFO position in due course.