Converde Energy USA, Inc. (OTC: XFUL), d/b/a American Energy Partners Inc., has diversified its energy services portfolio following a successful rebranding effort. The Allentown, Pennsylvania-based company operates through various subsidiaries that have their own energy operations. Hydration Company of Pennsylvania (HCPA) focuses on water exploration and treatment with applications in multiple industries; American Energy Solutions (AES) is an industrial waste stream treatment company; and Gilbert Oil & Gas Company focuses more on generating value in the upstream gas and oil space through operating, drilling, and partnership opportunities. Overall, American Energy Partners hopes to significantly expand operations through involvement in hydrological projects and sourcing water supplies.
The ability to attract capital, form strategic alliances, and achieve sustained growth is helping American Energy Partners serve a diverse customer base. These assets are also attracting investors. Recently, it entered an agreement with GPL Ventures LLC, which may purchase stock valued at up to $3 million. Additionally, the company retained Minivest as a business advisor, to which it issued a Convertible Promissory Note valued at $100,000. Among other things, the agreement allowed access to…
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