RenuEn Corporation Announces Plans to Acquire Team Energy, Inc.

NEW YORK, NY and ST. CLOUD, FL--(Marketwire - Jul 26, 2012) - RenuEn Corporation (PINKSHEETS: RENU), a rapidly expanding renewable energy roll-up company focused on solar, wind and geothermal energy solutions, today announced that the Company has signed a Letter of Intent to acquire Team Energy, Inc., a developer of renewable energy projects based in St. Cloud, Florida. The non-binding Letter of Intent is the first step required in the acquisition process, which the companies expect to complete within the next month.

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