Raser Technologies Announces Plans to Explore Strategic Alternatives
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PROVO, Utah, March 1, 2011 - Raser Technologies, Inc. (OTC Bulletin Board: RZTI), a renewable energy company, announced today that, in view of its current cash resources, nondiscretionary expenses, debt and near term debt service obligations, it intends to explore all strategic alternatives to maintain its business as a going concern, including, but not limited to, a sale or merger of the Company, or one or more other transactions that may include a comprehensive financial reorganization of the Company.
About Raser Technologies
Raser Technologies (OTCBB: RZTI) is a renewable energy company focused primarily on geothermal power development. Raser develops clean, renewable geothermal electric power plants with one operating plant in southern Utah and eight development and early stage projects in four western United States: Utah, New Mexico, Nevada and Oregon, as well as a concession for 100,000 acres in Indonesia. Raser is also exploring the development of solar and wind power on its existing land portfolio. Further information on Raser may be found at: www.rasertech.com.
SOURCE Raser Technologies, Inc.
CONTACT:Issa Arnita,Investor Relations of Raser Technologies, Inc.,+1-801-765-1200,investorrelations@rasertech.com
Web Site: www.rasertech.com
