ABCO Energy, Inc. announced resignation of Adrian Balinski as the Chief Financial Officer and appointed David Shorey as acting Chief Financial Officer of the Company. David Shorey, one of the founders of the Company as he was instrumental in the founding and the initial organization of the Company. He has been a consultant to the Company’s operating subsidiary for the last 12 years. He was a subject of two decisions of Arizona Corporation Commission, one in October of 2010 relating to an entity which was not related to the Company and a second in March of 2013 relating to Westcap Energy, Inc., whose assets were acquired by the Company in early 2011. All of the Westcap shareholders became shareholders of the Company when the Company acquired the Westcap assets. Twenty four of the Westcap shareholders were non U.S. Persons who acquired their Westcap shares in Reg S transactions. The Court in the Westcap Action found that Shorey and Westcap violated the Arizona securities laws because of the failure to adequately disclose payment of commissions of up to 70% to brokers. The decision in the Westcap Action was affirmed by the Arizona Court of Appeals in September 2015.
ABCO Energy, Inc. is in the photo voltaic (PV) solar systems industry, the light-emitting diode (LED) and energy efficient lighting business, is an air conditioning system contractor (HVAC) and is an electrical product and services supplier. The Company sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both the USA and offshore manufacturers. It also sells and installs energy efficient lighting products, solar powered streetlights, and lighting accessories. It contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers. Its solar offers solar systems operations and maintenance services to residential and commercial customers that have solar systems built by it or other solar installers. It operates and maintains systems in many cities in Arizona.
ABCO ENERGY, INC. 
