DETROIT--(BUSINESS WIRE)--Cirque Energy, Inc. (OTC Pink:EWRL), at times referred to herein as Cirque, a leader in the development of sustainable energy solutions focused on distributed generation projects and waste to energy solutions, today announced that it has filed its quarterly report on Form 10-Q for the quarter ended September 30, 2014 with the U.S. Securities and Exchange Commission and that it is presently current with its filings.
Joseph L. DuRant, Cirque’s President, Chairman, and Chief Executive Officer, stated “We are pleased to report to our shareholders and to the marketplace that Cirque is once again current with all of its SEC financial reporting requirements and we are confident that we will remain current with our reporting requirements going forward. We appreciate the patience and loyalty that our shareholders have exhibited during this time.”
On July 9, 2014 Cirque reported that, as the result of the discovery of errors in its accounting for various derivative instruments, the “Company’s financial statements previously filed with the SEC should no longer be relied upon” and that the “Company [intended] to file restated consolidated financial statements for the year ended December 31, 2012 to correct these errors” Cirque filed its report on Form 10-K for the years ended December 31, 2012 and 2013 with the SEC on January 12, 2015.
About Cirque Energy, Inc.
As an energy services company (ESCO), Cirque Energy, Inc. is focused on the generation and delivery of clean energy and energy efficient solutions, including combined heat and power (CHP) projects, industrial cogeneration, waste-to-energy, biomass, natural gas, and building energy efficiency improvements. Cirque provides these services to a diverse client base, including industrial and commercial customers; municipalities, universities, schools, and hospitals (MUSH); and federal, state and local clients.
Cirque is working in partnership with the Northrop Grumman Corporation to bring to market a deployable gasification unit (DGU) that can use solid waste to supplement traditional fuels used to generate CHP. The company has proprietary gasification technology designed for CHP applications that can use waste fuels to produce low cost, renewable energy in the 200-2,500 kW market. For more information about Cirque Energy please visit www.cirque-energy.com.
This release may contain forward-looking statements relating to the business of Cirque. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on Cirque's current expectations and beliefs concerning future developments and their potential effects on Cirque. There is no assurance that future developments affecting Cirque will be those anticipated by Cirque. Cirque undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.