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| Arête
Industries, Inc. is a publicly traded business development company, trading
on the NASDAQ OTC Bulletin Board under the symbol: ARET. The Company has
been publicly traded since 1987, and has over 8,000 shareholders. Arête's
corporate offices are located in Niwot, Colorado, where it leases a suite
in an executive office, minimizing overhead but providing space for its
executive and administrative activities.
The Company actively pursues investments in the energy field, including efforts to purchase oil and gas production, interests in energy infrastructure such as pipelines and distribution, alternative energy technologies, renewable resources, and recycling. From its inception in 1987, through approximately March of 2000, the Company was engaged in cooperative direct mail coupon advertising, including a nationally franchised sales force and an in-house printing and direct mailing facility. In May, 1998 the Company underwent a change in control in which its former management and board resigned and a new management team, including current Chairman and CEO, Mr. Thomas P. Raabe, was put in place to turn-around or liquidate the cooperative direct mail business, which was ultimately liquidated and discontinued in 2000. From 2000 to 2001, the Company initiated several start-ups including a high end specialty outdoor sporting goods business and a software development project to build an artificial intelligence system for automating educational systems, robotic control, and other automated systems. The Company funded these ventures internally, but was unable to raise follow on capital, and discontinued these projects in 2001. In July 2002, through the efforts of its CEO and past and current board members, the Company was restructured and recapitalized to make it possible to raise capital and make investments in profitable ventures suitable for an emerging public company. During that time period, the Company also developed its Dividend Spin-off and Rights Offering Programs, financing vehicles and strategies for business development ventures, enhanced corporate governance practices and accountability. In September 2003, the Company's Board of Directors was increased from 3 to 5. The Company's core management team consists of Thomas P. Raabe, its Chairman and CEO; Director and Company Secretary, William W. Stewart, Director and Company Secretary, Donald W. Prosser, Director and designated financial expert, and Chairman of the Company's Nominating, Audit, and Compensation Committee; and Charles Gamber and John Herzog, independent Directors and Nominating, Audit, and Compensation Committee Members. The Board is joined by several consultants who are providing shareholder communications, marketing, business development, and investment banking services. In September 2003, the new Board confirmed a new company focus on the energy field. Arête is now actively pursuing, and positioned to intake new deals in traditional, alternative, and renewable energy. Read about Arête's Management Team
and Consultants. |
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