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The Now Corporation (OTC: NWPN) Announces Leadership Changes and Strategic Focus on Renewable Energy and EV Infrastructure

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The Now (OTC: NWPN) has announced significant leadership changes and a strategic shift towards renewable energy and sustainable infrastructure. Alfredo Papadakis has been appointed as the sole CEO and Director, while Emilia Carpinisan has resigned. The company has acquired Green Rain Solar Inc. and M Loves Vintage Holdings from VGTel Inc., while rescinding the previously announced CIVET USA acquisition. Green Rain Solar, an Energy Service Company, will be the initial focus, specializing in solar farms, renewable energy developments, battery technology, and EV charging stations. The company has secured projects in upstate New York, including a solar farm in Greece, NY, and EV charging stations at multiple locations including Hilton Hotels in Long Island.

La Now (OTC: NWPN) ha annunciato significative modifiche nella leadership e un cambiamento strategico verso l'energia rinnovabile e le infrastrutture sostenibili. Alfredo Papadakis è stato nominato unico CEO e Direttore, mentre Emilia Carpinisan si è dimessa. L'azienda ha acquisito Green Rain Solar Inc. e M Loves Vintage Holdings da VGTel Inc., annullando nel contempo l'acquisizione precedente di CIVET USA. Green Rain Solar, un'Energy Service Company, sarà il focus iniziale, specializzandosi in fattorie solari, sviluppi di energia rinnovabile, tecnologia delle batterie e stazioni di ricarica per veicoli elettrici. L'azienda ha ottenuto progetti nella parte settentrionale di New York, inclusa una fattoria solare a Greece, NY, e stazioni di ricarica per veicoli elettrici in diverse località, comprese le Hilton Hotels a Long Island.

Now (OTC: NWPN) ha anunciado cambios significativos en su liderazgo y un cambio estratégico hacia la energía renovable y la infraestructura sostenible. Alfredo Papadakis ha sido nombrado CEO y Director único, mientras que Emilia Carpinisan ha renunciado. La empresa ha adquirido Green Rain Solar Inc. y M Loves Vintage Holdings de VGTel Inc., al tiempo que rescindió la adquisición previamente anunciada de CIVET USA. Green Rain Solar, una empresa de servicios energéticos, será el enfoque inicial, especializándose en granjas solares, desarrollos de energía renovable, tecnología de baterías y estaciones de carga para vehículos eléctricos. La compañía ha asegurado proyectos en el norte del estado de Nueva York, incluida una granja solar en Greece, NY, y estaciones de carga de vehículos eléctricos en múltiples ubicaciones, incluidos los hoteles Hilton en Long Island.

Now (OTC: NWPN)은 리더십의 중대한 변경과 재생 가능 에너지 및 지속 가능한 인프라로의 전략적 전환을 발표했습니다. 알프레도 파파다키스가 단독 CEO이자 이사로 임명되었으며, 에밀리아 카르피니산은 사임했습니다. 이 회사는 VGTel Inc.로부터 그린 레인 솔라 주식회사와 M Loves Vintage Holdings를 인수했으며, 이전에 발표한 CIVET USA 인수 계약을 철회했습니다. 에너지 서비스 회사인 그린 레인 솔라는 태양광 농장, 재생 가능 에너지 개발, 배터리 기술, 전기차 충전소 전문으로 초기 초점이 될 것입니다. 이 회사는 뉴욕 북부에 프로젝트를 확보했으며, Greece, NY에 있는 태양광 농장과 롱 아일랜드의 여러 위치에 있는 힐튼 호텔에서 전기차 충전소를 운영하고 있습니다.

Now (OTC: NWPN) a annoncé des changements significatifs de direction et un virage stratégique vers les énergies renouvelables et les infrastructures durables. Alfredo Papadakis a été nommé PDG et Directeur unique, tandis qu'Emilia Carpinisan a démissionné. La société a acquis Green Rain Solar Inc. et M Loves Vintage Holdings de VGTel Inc., tout en annulant l'acquisition précédemment annoncée de CIVET USA. Green Rain Solar, une entreprise de services énergétiques, sera le point de départ, se spécialisant dans les fermes solaires, le développement d'énergies renouvelables, la technologie des batteries et les stations de recharge pour véhicules électriques. L'entreprise a sécurisé des projets dans le nord de l'État de New York, y compris une ferme solaire à Greece, NY, et des stations de recharge pour véhicules électriques à plusieurs emplacements, y compris des hôtels Hilton à Long Island.

Now (OTC: NWPN) hat bedeutende Veränderungen in der Führung angekündigt und einen strategischen Wandel hin zu erneuerbaren Energien und nachhaltiger Infrastruktur vollzogen. Alfredo Papadakis wurde zum alleinigen CEO und Direktor ernannt, während Emilia Carpinisan zurückgetreten ist. Das Unternehmen hat Green Rain Solar Inc. und M Loves Vintage Holdings von VGTel Inc. übernommen und gleichzeitig die zuvor angekündigte Übernahme von CIVET USA zurückgezogen. Green Rain Solar, ein Energiedienstleistungsunternehmen, wird der anfängliche Fokus sein, das sich auf Solarparks, Entwicklungen im Bereich erneuerbare Energien, Batterietechnologie und Ladestationen für Elektrofahrzeuge spezialisiert. Das Unternehmen hat Projekte im Nordosten von New York gesichert, darunter einen Solarpark in Greece, NY, und Ladestationen für Elektrofahrzeuge an mehreren Standorten, darunter die Hilton Hotels auf Long Island.

Positive
  • Strategic acquisition of Green Rain Solar Inc., an established ESCO company
  • Secured multiple EV charging station projects with confirmed locations
  • Obtained financing through EPC partner for charging station installations
  • Established presence in the growing renewable energy market
  • New majority controlling shareholder structure provides stability
Negative
  • Rescinded previously announced CIVET USA acquisition
  • Complete leadership restructuring may cause temporary operational adjustments

BEVERLY HILLS, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Now Corporation (OTC: NWPN) is pleased to announce several significant developments as it refocuses on renewable energy and sustainable infrastructure projects.

Effective immediately, Emilia Carpinisan has resigned, and the previously announced acquisition of CIVET USA has been rescinded. The Company has also completed the acquisition of two subsidiaries from VGTel Inc.: Green Rain Solar Inc. and M Loves Vintage Holdings Inc.

Alfredo Papadakis, a highly experienced executive with a proven track record in driving growth and innovation, has been appointed the sole Chief Executive Officer and Director of The Now Corporation. A Limited Liability Company, of which Mr. Papadakis is the managing member, has become the majority controlling shareholder, positioning the Company for new opportunities and sustainable growth.

The Now Corporation will initially focus on developing Green Rain Solar Inc., an Energy Service Company (ESCO) specializing in energy-saving projects that reduce energy costs and decrease operational expenses. Green Rain Solar is a renewable energy integrator that creates and connects new projects with capital investments.

Green Rain is actively working on solar farms, renewable energy developments, battery technology, and electric vehicle (EV) charging stations, collaborating with finance partners, landowners, engineering, procurement, and construction (EPC) firms to execute its projects. 

Key initiatives include:

  • Rochester, NY Region: Over the next year, focused development efforts will target the Rochester Gas and Electric Utilities area, contributing to the revitalization of the upstate New York region.
  • Greece, NY Solar Farm: Green Rain Solar is advancing a solar farm project within this locality.
  • EV Charging Stations: Initial deployment includes four locations, each equipped with two charging machines. Secured financing through an EPC partner ensures these installations will move forward smoothly. 
  • Notable Locations: The Hilton Hotels site in Long Island, NY, as well as additional locations in Yonkers and Dobbs Ferry, NY, have been secured for EV charging infrastructure.

“Our focus on renewable energy and EV infrastructure aligns with the growing demand for sustainable energy solutions,” said Alfredo Papadakis, CEO of The Now Corporation. “Through Green Rain Solar, we aim to play a pivotal role in building the clean energy infrastructure needed to support the revitalization of upstate New York and beyond. With my experience in leading innovative projects and managing dynamic teams, I am confident in the Company’s ability to deliver impactful results.”

The Company is also excited to announce the upcoming launch of its new website, https://greenrainenergy.com, which will provide detailed updates on its projects and initiatives.

For further information, please contact:

Investor Relations

The Now Corporation:

Alfredonowcorp@gmail.com

About The Now Corporation:

The Now Corporation (OTC: NWPN) is committed to delivering innovative solutions in renewable energy and sustainable infrastructure. Through its subsidiary, Green Rain Solar Inc., the Company develops solar farms, renewable energy projects, and electric vehicle charging stations, partnering with stakeholders to build a cleaner, greener future.

Forward-Looking Statements

This press release contains forward-looking statements subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied. For more information, please consult the Company’s filings with the SEC and OTC Markets Group Inc.


FAQ

What is The Now 's (NWPN) new business focus?

The Now (NWPN) is now focusing on renewable energy and sustainable infrastructure projects through its subsidiary Green Rain Solar, specializing in solar farms, renewable energy developments, battery technology, and EV charging stations.

What acquisitions did NWPN complete in 2024?

NWPN acquired two subsidiaries from VGTel Inc.: Green Rain Solar Inc. and M Loves Vintage Holdings Inc.

Where are NWPN's EV charging station projects located?

NWPN's EV charging stations are planned for multiple locations including Hilton Hotels in Long Island, NY, and additional sites in Yonkers and Dobbs Ferry, NY.

Who is the new CEO of The Now (NWPN)?

Alfredo Papadakis has been appointed as the sole Chief Executive Officer and Director of The Now (NWPN).

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