Renewable Energy and Power, Inc., Supports Market Share Price by Replacing Convertible Debenture with Term Loan

LAS VEGAS, NV / ACCESSWIRE / February 1, 2018 / Renewable Energy and Power, Inc. (OTC PINK: RBNW), a diversified corporation with markets in energy-saving technologies of LED lighting, solar and wind energy, has successful renegotiated an agreement with an investor to replace a convertible debenture with a term loan, removing the shares from participating in the market, which will support the pricing of the stock.

“Lowering the number of company investors who are able to put shares into the market, driving down the share price, is something we have been, and will continue, working to achieve,” said company CEO Donald MacIntyre. “We’re pleased the investor saw the wisdom of this position and accommodated our desire to support our stock.”

“We hope to continue on this path, and we’ll issue a news release and post it on our social media of Facebook and Twitter at REAP Power as more changes occur,” said Mr. MacIntyre.

Renewable Energy and Power, Inc.’s website, www.reappower.com, illustrates the important services and products Renewable Energy and Power, Inc. (REAP) provides to the Green Energy market to make it competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind-power electric generation and LED lighting. REAP functions in both domestic and international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including many tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by REAP.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Renewable Energy and Power, Inc.

ReleaseID: 487526