Enerkon Solar International Inc. (ENKS OTC PINK) Announces Officer Appointment and Operational Plans

DELRAY BEACH, Fla., March 27, 2018 (Newswire.com) - Enerkon CEO Benjamin Ballout stated today that the board of directors has appointed Dr. Ibrahim Mossad El Nattar as SVP of international business development and in other news, Enerkon Solar International Inc. filed a supplemental 8K disclosing the un-audited financial condition and operations of the company. 

Mr. Ballout further stated that the company is in the final administrative stages to break ground on the Gaza 500 MW solar plant awarded to the company in early 2017 and will start preparation for Cabo Delgado (500 MW) and Nampula (500 MW) solar plants which have also been awarded to Enerkon Solar International Inc.

Funding has been arranged for the plants and operations, valued in line with international cost standards for utility-scale PV plant implementation.

In executing their long-term strategic plan, Enerkon Solar International is focusing on providing utility-scale PV solar energy solutions using their modules and systems to key geographic markets that the company believes have a compelling need for utility-scale PV electricity, including markets throughout the Americas, Asia, the Middle East and Africa, whereas acquisition of strategic companies in the renewable energy sector are also a large part of the company's near-term plans.

Mr. Ballout confirmed further that Enerkon Solar International Inc. is in final acquisition talks with SCC (Specialized Construction Company), a Kingdom of Saudi Arabia construction company, which the company views as a potential turnaround target and useful to its long-term EPC implementation plans.

The company has arranged financing for acquisition and turnaround from the Japan Venture Fund and if successful, plans to use an international rating agency to rate the company and transaction.

Enerkon Solar International hopes to finalize the acquisition and, if successful, the operations will complement the EPC operations of ENKS Global Star Holdings operations in the African and Middle Eastern markets for utility-scale PV solar plants construction and operation, which is the main focus of the company.

This press release contains certain "forward-looking" statements, defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.

Corporate Contact:

Enerkon Solar International Inc.
13620 Weyburn Drive
Delray Beach, Florida 33446
Tel/Fax +15614317762
Email: [email protected]
WEB: https://www.enerkoninternational.com