Business News

Equus Total Return, Inc. Provides Financing for Clean Portable Power Company

2008-08-04 15:36:00

Equus Total Return, Inc. Provides Financing for Clean Portable Power Company

    HOUSTON, Aug. 4 /EMWNews/ -- Equus Total Return, Inc.

(NYSE: EQS) (the "Fund") has signed a financing agreement with Trulite,

Inc., ("Trulite") a Houston-based Delaware corporation, to provide working

capital for commercialization and future growth opportunities.

    Trulite is a leader in safe, clean, affordable, portable hybrid power

generation products that are also user friendly. The company's flagship

product, the KH4 generator, is capable of filling existing critical power

voids in the 50W through 250W power markets. The KH4 is being launched in

the marketplace, and plans to fill clean power needs up to 5KW with other

products that are currently in development.

    The KH4 is a quiet, lightweight, compact and clean power machine. It

can operate safely indoors and outdoors and weighs in at slightly over 20

lbs. Powered by dry sodium borohydride, an affordable, transportable,

replaceable and safe fuel source, it is clean before, during and after use.

Trulite believes the KH4 is well-positioned to take advantage of multiple

existing opportunities in portable and semi-portable global power markets.

The KH4 can support a variety of applications in Emergency Responder,

Telecommunication, RV and Camping, Construction, Battery charging, Computer

backup and other market applications. From fridges to phones, tools to

towers, the small KH4 power system delivers.

    Trulite has formed and continues to form significant industry

relationships providing an ability to drive market commercialization

through joint distribution, development and manufacturing efforts. Trulite

has received support from and has entered into a partnership with several

entities in the State of South Carolina, including but not limited to the

University of South Carolina, the City of Columbia, the SCRA, and Midlands

Technical College. Trulite has received a grant whereby to provide KH4

power units and Hydrocell fuel sources for testing in various emergency

responder and other applications in South Carolina. Trulite is also working

with several Fortune 500 and large privately-held companies to provide

product and to develop distribution, development and manufacturing


    Trulite estimates global demand potential for the portable power

markets to exceed $17 billion by 2011.

    According to Ken Denos, CEO of Equus: "Trulite is an investment

opportunity compatible with our twenty-first century trends investment

strategy in the renewables space. The strong, seasoned and well-disciplined

management team has done an excellent job of posturing Trulite for high

growth in global portable power markets."

    Also of Equus, Paula Douglass states: "We believe the growth potential

for Trulite in a large market sector with needs for clean, reliable power

represents a good investment opportunity for Equus shareholders.

Alternative energy and renewables continue to be the political and economic

sound bytes of our time and represent an exciting global marketplace. We

believe Trulite is well-positioned to take advantage of the multiple

opportunities within it."

    Jon Godshall, CEO of Trulite comments: "We are pleased that a company

with the financial and historical reputation and strength of Equus has

provided Trulite with a solid and stable resource to meet our current

commercialization needs. This bridge financing creates a platform with an

ideal partner enabling Trulite to continue to reach performance milestones

and to commercialize our products for the existing power market


    Additional information may be obtained from the Trulite website at

    Equus Total Return, Inc. is a business development company that trades

as a closed-end fund on the New York Stock Exchange, under the symbol

"EQS". Additional information on Equus Total Return, Inc. may be obtained

from the Equus website at

    This press release may contain certain forward-looking statements

regarding future circumstances. These forward-looking statements are based

upon the Company's current expectations and assumptions and are subject to

various risks and uncertainties that could cause actual results to differ

materially from those contemplated in such forward-looking statements

including, in particular, the risks and uncertainties described in the

Company's filings with the Securities and Exchange Commission. Actual

results, events, and performance may differ. Readers are cautioned not to

place undue reliance on these forward-looking statements, which speak only

as to the date hereof. The Company undertakes no obligation to release

publicly any revisions to these forward-looking statements that may be made

to reflect events or circumstances after the date hereof or to reflect the

occurrence of unanticipated events. The inclusion of any statement in this

release does not constitute an admission by the Company or any other person

that the events or circumstances described in such statements are material.

    CONTACT: Brett Chiles

(713) 529-0900

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website now offers Organic Lead Generation & Traffic Solutions

Blake Masterson

Freelance Writer, Journalist and Father of 5

Related Articles

Back to top button