Attached files
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| EX-99.1 - OPTION PLACEMENT, INC. | v211799_ex99-1.htm |
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
Pursuant
to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of
Report (Date of earliest event reported): February 10, 2011
(Exact
Name of Registrant as Specified in Charter)
(State or
Other Jurisdiction of Incorporation)
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000-53638
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26-2415625
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|
(Commission
File Number)
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(IRS
Employer Identification No.)
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401
CONGRESS AVENUE, SUITE 1540, AUSTIN, TEXAS, 78701
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
telephone number, including area code: (512) 687-3451
Option Placement,
Inc.
(Former
name or former address, if changed since last report.)
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Joint
Venture to Deploy Blended Renewable Energy Plants
On
February 16, 2011, Tiga Energy Services Inc. (“Tiga”) announced it has formed a
joint venture with Eco-Merge USA LLC., a subsidiary of Dentsu Japan, and
Innovative Energy Group, LLC to fund, deploy and operate renewable energy power
plants throughout Texas and the USA. Each energy plant will be
privately funded and will blend renewable sources that will include solar,
simple cycle, combined cycle (steam-to-energy), and combined heat and power
plants (CHP) powered from waste-to-energy sources to produce in excess of 15MW
of renewable energy. The plants will offer renewable electricity at
rates highly competitive with conventional utilities.
The first
blended renewable energy power plant is scheduled to break ground in the second
quarter of 2011 in Bastrop County, Texas approximately 15 miles from
Austin. The plant will offer electricity to utilities in the Central
Texas region and provide thermal energy services to the planned Eco-Merge Green
Corporate Center.
Under our
business model, the partners and investors will jointly own the plants and sell
electricity at a profit both to an anchor customer and to independent
utilities. We expect that upon completion of our initial deployment,
we will have the ability to present similar opportunities to sites we select
based upon the economics of this project. Eventually, we plan to make excess
electricity not utilized by the anchor customer available to an energy spot
trading market.
The
partnership also seeks additional finance partners and technologies for other
potential locations in Texas and the USA for deployment of viable and efficient
energy solutions.
Letter
Agreement for Services
On
February 10, 2011, Tiga and Green Corporate Centers, LLC (“GCC”) entered into a
Letter Agreement for Services (“Agreement”) for preconstruction related
campus-wide architecture design and consulting services. The services
are related to the interconnection of a campus-wide network with third party
telecommunications and information services providers for the proposed Eco-Merge
Green Corporate Center “green” business campus, including the proposed Central
Texas Airport, to be located approximately 17 miles east of Austin in Bastrop
County.
Item
7.01. Regulation FD Disclosure
On
February 16, 2011, Tiga issued the press release attached hereto as Exhibit 99.1
announcing a Joint Venture to Deploy Blended Renewable Energy
Plants.
Item
9.01. Exhibits
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Exhibit
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Description
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10.1*
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Joint
Venture Agreement
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10.2*
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Letter
Agreement
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99.1
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Press
Release, dated February 16, 2011
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*
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To
be filed by amendment.
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2
SIGNATURES
In
accordance with the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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TIGA
ENERGY SERVICES, INC.
(Registrant)
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Dated: February
16, 2011
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By:
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/s/ Michael Hathaway | |
| Michael Hathaway | |||
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Chief
Executive Officer
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EXHIBIT
INDEX
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Exhibit
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Description
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10.1*
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Joint
Venture Agreement
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10.2*
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Letter
Agreement
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99.1
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Press
Release, dated February 16, 2011
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*
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To
be filed by amendment.
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3