Second Quarter 2015 Update
This letter is to update current investors as well as welcome new ones to the Pompano Beach CNG Partnership. We want to share with you news that is taking place in our Company’s refueling station and current news pertaining to the CNG industry.
We are pleased to announce Phase 1 of the station has been sold out and we are now currently selling Phase 2 of which we have sold upwards of 30%. Please contact me if you would like information on Phase 2.
Jeff Greene, as you know, is our Operating Partner and the business manager of Wise Gas, Inc. He is the lead person on the expansion of the station and is now currently working to get the equipment installation finalized.
Jeff Greene and I have re-negotiated our initial contracts and would like to announce that our Pompano Beach CNG station will once again generate preferred quarterly returns to investors at the rate 10% annualized. The returns cover the 2nd Quarter 2015 ending June 30, 2015. As per previous quarters Investors that were vested for the full quarter will received $250.00 for every $10,000.00 investment unit.
Jeff Greene and I have been constantly marketing our station for the new capacity due to the expansion. We will be seeing our customer base expand after the finalization of the equipment. Our projections of a larger client base should be taking into effect beginning mid-August.
Additionally we have included a current article dated July 24, 2015 “Natural Gas Vehicle Refueling Stations to see 5.4% CAGR by 2025” to keep you in the loop of the expanding CNG industry.
Enclosed are your Preferred Return check and your Investor Statement with your quarterly calculation. Should you have any questions, please feel free to call me directly at (949) 878-8045.