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United EcoEnergy Corp. (UEEC-OTC: BB) |
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July 31, 2009 Issue |
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The Most Powerful Name In Corporate News and Information |
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CURRENT ISSUE | COVER ARCHIVES | INDEX | CONTACT | FINANCIALS | SERVICES | HOME PAGE |
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United EcoEnergy, Is A Business Development Company (BDC) That Is Focused On Healthcare With A Recent Wound Care Product Deal And The Environmental Area With Shelby’s Green Electric Supercar |
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United EcoEnergy Corp., (OTCBB: UEEC), a
Business Development Company (BDC), incorporated in Nevada and with its
principal offices located in Florida, has a primary mission to enable
companies in the formative stages at all levels of revenue to get the
capital and management assistance to grow more rapidly than it might
otherwise. |
Financial |
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Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published – July 31, 2009
Mr. Hickel: “United EcoEnergy is a business development corporation who’s primary mission is to enable companies in the formative stages at all levels of revenue to obtain the capital and managerial assistance to grow more rapidly than it might otherwise. We like to specialize in situations which we think could provide a significant upside opportunity for the shareholders of United and the shareholders of the portfolio companies.”
CEOCFO: What types of companies are your focus? Mr. Hickel: “Our focus has been either in healthcare such as the wound care deal that we just completed, or in environmental areas such as United EcoEnergy’s current funding of Shelby Super Car’s Green technologies.”
CEOCFO: What is happening in the wound care product area? Mr. Hickel: “This is a company that had been formed some time ago. They have developed a unique coagulant based wound product, based on using gauze that enables the rapid healing of almost any size wound. For applications, we started to look at the military market, so we concluded it would be a significant opportunity. We found them through a relationship of ours. One of our founders has a relationship with one of the people who put that company together and it has been funded with private money up to this point. They were looking for a way to get to market and do it quickly. We offer them the avenue to do that so we made an acquisition of 100% of their entity in exchange for shares of our company.”
CEOCFO: Would you tell us about the SSC (Shelby Super Cars) agreement? Mr. Hickel: “That also came to us through a relationship long-standing I have had with one of the people we are working with. Initially, it was based on an interest in their having developed the world record holding speed car. They hold the Guinness World Book of Records now for the fastest production vehicle in the world. But, what interested us was the fact that they believe that there was a technology development underway that would provide a green electric power technology that nobody else has developed. So we got interested and we provided them some capital. We have just done an exchange of shares with our two companies and we are very excited about going forward with it because it appears to have even more promise than we thought.”
CEOCFO: How much input does United EcoEnergy have in the companies that have come into the fold, and what do you do for the companies? Mr. Hickel: “We end up in each case having a combination of board seats and management consultant agreements. We sometimes can provide and will provide officers for those entities depending on the situations and what they will need. In all cases we have experienced folks from anywhere from 35 years of experience each, up to 40 years experience in structuring, growing, restructuring companies, and that is the kind of benefit that these young companies think they don’t have. Because their founders and entrepreneurs have not done it before, they often come up with a brilliant idea, but need help on the implementation.”
CEOCFO: How have things changed under the current economic environment? Mr. Hickel: “We are looking at a larger number of deals. We find that many of them are lower in quality, so the picking is more important than ever. But capital is not widely available out there right now and the fact that we are able to bring it to the table is a huge plus. However, once again the capital by itself is not adequate. We have to have the ability through board and management agreements to help the company to apply the capital correctly or it is something that is wasted.”
CEOCFO: How long has United EcoEnergy been an entity? Mr. Hickel: “It has been formed for about 3 ½ years now.”
CEOCFO: How
long do you keep companies in the fold?
CEOCFO: How
do you generate interest in the companies that you have taken on?
CEOCFO: With so many companies to choose from and so many prospects that are brought to you, how do you hone in on what is a good fit for United? Mr. Hickel: “People, people, people. We see a lot of companies that come in. They are still on the old school model of what they want and how they want to get it and their answer is this is what works now. If you are interested great, if you are not interested then that is ok too. We are very busy so we will talk to someone else. Often they come back later.”
CEOCFO: What is the financial picture like for United EcoEnergy today? Mr. Hickel: “We see the marketplace for instance, with the deals that we have looked at, that are somewhat affected by the financial climate, and everybody is affected by what has happened. But wound care products continue to have a dynamic marketplace because things keep happening. The ability to field a product in the green field for automotive is completely in the path of the marketplace, because it is what everyone is looking for and wants to go. I don’t think anybody will argue that developing green technology for automotive is a significant challenge and opportunity. So we picked both of those carefully because they avoid the market conditions that are affecting everybody or at least they minimize them.”
CEOCFO: In closing, why should potential investors want to invest in United EcoEnergy?
Mr. Hickel:
“We think that as a BDC we offer a unique opportunity for investors to not
just have a potential upside by investing in a company for that company, but
the ability to benefit from the portfolio companies that we invest in. We
can either spin them out, distribute shares to our shareholders, or we can
do a transaction where there is a sale. In addition to that, instead of
waiting, which is typically the case for the one, two, three or four years
for the young company to mature, we actually are able to bring our investors
in where they receive shares of the public entity that owns these portfolio
companies. So they have much higher liquidity and I think greater safety and
in this market place that is a big issue safety, it has been a huge driver
for investors.” |
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“We think that as a BDC we offer a unique opportunity for investors to not just have a potential upside by investing in a company for that company, but the ability to benefit from the portfolio companies that we invest in. We can either spin them out, distribute shares to our shareholders, or we can do a transaction where there is a sale. In addition to that, instead of waiting, which is typically the case for the one, two, three or four years for the young company to mature, we actually are able to bring our investors in where they receive shares of the public entity that owns these portfolio companies. So they have much higher liquidity and I think greater safety and in this market place that is a big issue safety, it has been a huge driver for investors.” - Kelly T. Hickel |
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