Press Releases
JNS Holdings Corporation Reports 2018 Financial Results
May 14, 2019
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH) today announced financial results for 2018, JNS reported revenues of $1,458,488 which is 40% greater than 2017. Gross profits were $683,329 increase of 88% from 2017 & net profits also rose to $267,531 an increase of 42% from 2017. The company’s fourth quarter financials have been uploaded to OTC Markets for additional information.
Brian Howe, President and CEO stated, “We are continually paying down our long term liabilities, we have decreased these in 2018 by 33.25% or $123,680. Focusing on our core business, new clients and larger projects will help to continually decrease our debt while reinvesting our profits into our business for expansion. Additional information regarding our larger projects will be released in future press releases.”
JNS Holdings Corporation Reports Third Quarter 2017 Financial Results
November 15, 2017
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH) announces financial results for the third quarter of 2017, JNS reported revenues of $859,073 which is 12% greater than the same period in 2016. Gross profits were $434,814 increase of 6% from 2016 & net profits rose to $330,777 an increase of 93% from 2016. The company’s third quarter financials will be uploaded to OTC Markets for additional information.
Brian Howe, President and CEO stated, “With revenue from our core business growing once again I’ve never been more energized by our future. I am very pleased with the 3rd quarter financials, not just because we have posted profits but because this reinforces our approach taken several years ago where we refocused on the fundamentals and reduced spending while sustaining profits. I always maintained these things don't happen by themselves. Instead, they come about as the result of practicing financial discipline in our business.”
JNS Holdings Updates Shareholders on Completed Projects Exceeding $700,000
October 17, 2017
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH) through its subsidiaries, operates as an owner/operator of electric vehicle (EV) charging services, electrical & control system services and equipment leasing. Today updates shareholders on completed projects over the past several quarters. The compiled list below shows many of the larger projects completed through its subsidiaries. These projects will be added to our website under the “Completed Projects” tab. Additional newly awarded contracts will be released to shareholders in future press releases.
Brian Howe, President and CEO, stated, “I am grateful for the opportunity to serve as your CEO. While none of us are content with the current market valuation of our company, I am confident providing updates on completed projects as well as newly awarded projects that the true potential and value of our company will ultimately be reflected in our share price. I look forward to keeping you informed, thank you for your support and confidence.”
Completed Projects
Harcros Chemicals – Thornton
Kenmore Plaza – Chicago
Lake Village East – Chicago
Colin Powell Elementary – Matteson
Glen Ellyn Police Dept – Glen Ellyn
Northeastern Illinois University – Chicago
IIT Campus – Chicago
Khal Chasidim Mikveh – Chicago
MC Machinery – Elk Grove Village
55 W Monroe – Chicago
1440 N Dayton – Chicago
NBC Towers – Chicago
Napleton’s Northwestern Chrysler – Chicago
Trumpf Technology Center – Hoffman Estates
Fusion Academy – Chicago
Novak Construction Office – Chicago
The Men’s Warehouse – Addison
Evans Foods – Chicago
Tailored Brands – Addison
EV Charging Network Maintenance – Chicago Area
JNS Holdings Corporation Reports Second Quarter 2017 Financial Results
August 14, 2017
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH) announces financial results for the second quarter of 2017. JNS reported revenues of $613,302 which is 22% greater than the same period in 2016. Gross profits were $344,919, an increase of 31% from 2016 & net profits also rose to $198,213, an increase of 80% from 2016. The company’s Second quarter financials will be uploaded to OTC Markets for additional information.
Brian Howe, President and CEO, stated, “Being able to focus on our core business is the biggest reason our net profits have increased. With a watchful eye we have managed to streamline our overhead expenses, while cultivating new customers and contracts. Moving forward we will provide frequent updates on all matters pertaining to JNSH. These updates will include the court proceedings and newly awarded projects.”
JNS Power & Control Announces Recent Contracts Awarded
June 24, 2016
CHICAGO--(BUSINESS WIRE)--JNS Power & Control a wholly owned subsidiary of JNS Holdings Corporation (OTC: JNSH) announced today that its Power & Control unit was selected and awarded the following contracts:
Kenmore Plaza - 28 Story Apartment High-Rise - Building Automation System
Park Ridge School District 64 (Washington School) - Building Automation System
Park Ridge School District 64 (Roosevelt School) - Building Automation System
Colin Powell Elementary School – GEO Thermal Pump & Vault Electrical Power
Walgreens Palatine – Transformer Power/L3 DC Fast Charger
"We continue bidding work for our existing client base as well as receiving bid opportunities from new Manufacturers, Developers and General Contractors,” said Brian Howe, JNS Holdings President & CEO.
JNS Holdings Files for Evolve USA Charging Trademark
March 16, 2016
InvestorsHub NewsWire -- JNS Holdings (OTC: JNSH) through its wholly owned subsidiary Evolve USA Charging Corporation one of the largest independent owner, operator, provider of electric vehicle (EV) charging stations, commercial and residential sales, installations and consulting services in the Chicago area, announced today that the U.S. Patent & Trademark Office has published the Companys trademark filing for Evolve USA Charging originally filed on Saturday February 19, 2016.
Per the U.S. Patent and Trademark Office, JNS Holdings officially filed the trademark (Serial Number 86914087) under International Class 009 and US Class(es) 021, 023, 026, 036, 038. The filing covers as follows: Electrical apparatus, namely, charging stations for charging electric vehicles.
The Company has taken this action as part of its overall EV Charging Network growth and branding strategy.
The global EV Charger (EVC) market is forecast to grow to more than 12.7 million units in 2020, according to a new EV Charging Infrastructure report by IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. The report investigates the current and future regional deployments of EV charging stations and identifies factors for future growth. According to IHS Automotive, the global production market for pure electric and plug-in hybrid electric (PHEV) vehicles is expected to grow significantly between 2014 and 2020.
http://ih.advfn.com/p.php?pid=nmona&article=70791084
JNS Holdings Increases its Authorized Shares of Common Stock
February 11, 2016
CHICAGO--(BUSINESS WIRE)--JNS Holdings (OTC: JNSH) today announced it has approved an amendment to its Certificate of Incorporation to increase the number of authorized shares of JNS Holdings common stock from 200,000,000 to 300,000,000. The company stated that the increase in authorized shares is intended to restore our flexibility to position JNS Holdings for future growth.
JNS Holdings has and always will operate in an extremely conservative manner and believes that it is prudent to increase the authorized number of shares of common stock to meet business needs, such as upgrading our owned and operated EV charging network and or any equity offering, promptly as they arise.
Brian Howe President & CEO stated, “The company anticipates that the increase of our authorized common shares will make its stock more accessible to investors, enhance liquidity for shareholders, and further enhance growth.”
JNS Holdings Corporation Subsidiary Evolve USA Charging Reports Continued Growth in Usage
January 20, 2016
CHICAGO--(BUSINESS WIRE)--JNS Holdings (OTC: JNSH), through its wholly owned subsidiary Evolve USA Charging, Inc., one of the largest independent owner, operator, and provider of electric vehicle (EV) charging stations, commercial and residential sales, installations and consulting services in the Chicago area, announced today that it continues to see exceptional growth in the usage of its EV charging network.
For the last twelve months the company’s network has realized the following:
Total system charging output - 56,654 (kWh)
Average level 2 charging session – 2 hours 31 minutes
Number of users have increased by 86% from 180 users the first month of the period to 334 users the last month of the period
Number of sessions have also increased by 109% from 436 sessions the first month of the period to 911 sessions the last month of the period
Monthly kilowatt-hour (kWh) usage has increased by 82% from the first month of the period to the last month of the period as well
Brian Howe President & CEO stated, “We are exceptionally pleased with the growth of usage within our network and will continue to add locations as presented, this emerging industry is here to stay and are pleased with our decision to enter into it at such an opportune time. The company compares this opportunity to the beginning of cable TV in its infancy.”
Mr. Howe also stated, “There are too many big companies, Tesla, Nissan, GM, eVgo and multiple other major corporations involved in this sector. I am extremely excited that we were able to position the company’s entrance on the ground floor.”
JNS Holdings Corporation Through Its Subsidiary JNS Power Continues to Expand EV Services
January 13, 2016
CHICAGO--(BUSINESS WIRE)--JNS Holdings (OTC: JNSH), through its wholly owned subsidiary JNS Power & Control Systems, Inc. one of the largest independent owner, operator, and provider of electric vehicle (EV) charging stations, commercial and residential sales, installations and consulting services in the Chicago area, announced today that it continues to grow its EV charging division.
Recent completed EV projects totaling $255,000 in revenue as follows:
Volta – (Electronic display unit) Installations:
Northbrook Court – Two level 2 charging stations
Oakbrook Center – Two level 2 charging stations
Northeastern Illinois University – Installations:
Campus Parking Structure – Two dual head level 2 charging stations
Woodfield Mall – Installations:
Two level 2 charging stations & one level 3 DC Fast charger
Other 3rd Party Maintenance & Service work
The above referenced work relates to our EV charging services only and does not include other projects.
The companies average industrial / commercial installation cost breakdown is as follows:
Level 2 EV charger installation - $5,000 to $10,000 (typical commercial installation could include directional boring, concrete work, saw cutting, foundation work, transformer & electrical distribution) Level 2 EV charger unit purchase - $6,500 (network capable commercial grade)
Level 3 DC Fast Charger installation - $35,000 to $50,000 (typical commercial installation could include directional boring, concrete work, saw cutting, foundation work, transformer & electrical distribution) Level 3 DC Fast Charger 50Kw unit purchase - $25,500 (network capable commercial grade)
Brian Howe President & CEO stated, “We are continuing to implement our business strategy to grow the EV Charging segment of our business through the development of our own, owner operated network as well as third party sales/service providers. EV charging is an extremely fast developing sector and we intend to be a leader in our marketplace, the Chicago metropolitan area, the third largest market in the country.”
JNS Power Relocates to Larger Warehouse Facilities
May 27, 2015
CHICAGO--(BUSINESS WIRE)--JNS Power (OTC: JNSH) ("JNSH"), a wholly owned subsidiary of JNS Holdings one of the largest independent owner, operator, and provider of electric vehicle (EV) charging services, commercial electrical services and control systems in the Chicago area, announced today that it has relocated to larger warehouse facilities.
JNSH secured the larger facility for multiple reasons, the first and foremost consideration was the additional warehouse space. The new facility offers less office space and much needed additional warehouse area. The facility provides two docking areas of which were a major consideration due to the amount of receiving and shipping of equipment specifically EV charging units.
Brian Howe President & CEO stated, “The new location will accommodate our current increased storage needs as we continue to execute our growth and expansion plan.”
JNS Power Reaches an Agreement with the City of Berwyn, Illinois
May 19, 2015
Arlington Heights, IL – (UPTICK Newswire) JNS Power (OTC: JNSH) (“JNSH”), a wholly owned subsidiary of JNS Holdings the largest independent owner, operator, and provider of electric vehicle (EV) charging services in the Chicago area, announced today that it has reached an agreement to provide The City of Berwyn with their EV Charging services.
JNSH has agreed with The City of Berwyn to provide all their EV charging locations with services, the company will provide all maintenance and billing services on an annual self-renewing contract.
The company continues to aggressively pursue new and positive EV revenue producing locations.
Mr. Brian Howe President & CEO stated, “I am very pleased that the City of Berwyn chose our company for their EV needs. Thanks to our tireless work I feel JNSH is the premier leader in the Chicago area for EV Charging services and we will continue to build on that reputation.”
http://upticknewswire.com/jns-power-reaches-an-agreement-with-the-city-of-berwyn-illinois/
JNS Holdings Corporation Issues Shareholder Guidance
May 11, 2015
Arlington Heights, IL (UPTICK Newswire) JNS Holdings Corporation (OTC: JNSH) through its subsidiaries, operates as an owner/operator of electric vehicle (EV) charging services, electrical & control system services and equipment leasing. Today announced guidance regarding shareholder questions and concerns regarding First Quarter Earnings and Preferred Share Structure.
The company expects to report a first quarter revenue and net earnings growth increase of 137% & 194% respectively for 2015 versus first quarter 2014. The company will report first quarter financial results on May 14, 2015.
The company has received inquiries as to the structure of its preferred shares and the rights that they hold. Currently there are five million preferred shares outstanding that carry a one hundred to one voting right to the common class of shares with no conversion option. The company does not have any plans of changing the current structure.
“We are pleased with our financial results for the first quarter which positively impacts the value of our company,” said Brian Howe, CEO & President of JNS Holdings Corporation. “Our first quarter results provide a solid foundation to achieve our financial commitments for the year.”
http://upticknewswire.com/jns-holdings-corporation-issues-shareholder-guidance/
JNS Holdings Subsidiary Announces Launch of New Website
March 31, 2015
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH) is pleased to announce its wholly owned subsidiary Evolve USA Charging launch of their new website www.evolveusacharging.com. The new site provides quick and easy access to essential information that offers a more comprehensive understanding regarding the electric vehicle (EV) charging infrastructure, currently owned & operated by JNS Power & Control Systems, Inc.
The new website has been developed to raise the profile of JNS’s products and services to their audience, while keeping the user experience simple and clean.
Other website features include:
EV charging descriptions including a FAQ page
Charging network map
Convenient forms to request product or pricing information, as well as site assessments
Home and business solutions
Tax credits and rebates
“We are very excited about our new website launch and hope it provides useful, informative information for our customers, investors, partners and media to better understand our (EV) charging infrastructure,” said Brian Howe, President and Chief Executive Officer, “We believe that this new site will allow our visitors to have a very educative experience as we continue to evolve and increase our market presence. We think this site along with the social media efforts we are expanding this year, will help us connect with our audience in a much more effective way.”
JNS Holdings Rescues Chicago EV Charging Program
March 25, 2015
CHICAGO--(BUSINESS WIRE)--ChargePoint and JNS Holdings Corporation (OTC: JNSH) today announced one of the largest electric vehicle (EV) charging installations in the Chicago area is up and running at full capacity.
The contract was initially awarded by the City of Chicago to 350Green, LLC of California. 350Green allowed the system to fall in disrepair and ultimately abandoned it, leaving Chicago’s EV owners limited access to functioning public charging stations according to Brian Howe CEO & President of JNS Holdings Corporation.
JNS, with prior approval from the City of Chicago agreed to acquire the charging stations from 350Green. Unfortunately 350Green left behind a trail of unpaid vendors, and legal issues according to Brian Howe CEO & President of JNS Holdings Corporation. Regardless, JNS forged ahead with the acquisition, paying all vendors and, enduring lengthy and costly litigation.
JNS in conjunction with ChargePoint, the largest EV charging network in the world, was able to bring over 115 stations back online to provide Chicago drivers access to public EV charging infrastructure. JNS is based locally and is experienced with all aspects of EV charging systems.
“JNS Holdings has shown a commitment to drivers and the EV industry in their continued effort to bring these stations back online,” said Scott Miller, Vice President of Sales, North America East with ChargePoint. “We’re excited to tell Chicago residents and visitors about these stations and know they will make it possible for more people to get behind the wheel of an EV and realize their many benefits.”
“We are fully committed to the Chicago area EV consumer, EV visitors and will continue to grow the system with more locations while providing the most up to date technology and service. We would also like to thank ChargePoint with their invaluable expertise in assisting us with this endeavor,” said Brian Howe CEO & President of JNS Holdings Corporation.
Mr. Howe also stated, “As a native Chicagoan I am extremely pleased to be of service to the community that I live and work in.”
JNS Holdings Corporation Reports Fourth Quarter 2014 Financial Results
March 23, 2015
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH) today announced financial results for the fourth quarter, ending December 31, 2014, versus the fourth quarter ending December 30, 2013. JNS reported revenues of $1,878,592 which is 365% greater than the same period in 2013. Gross profits were $961,102 or 380% from 2013, net profits also rose to $441,204 compared to -$360,399 in 2013. Fourth quarter financials have already been uploaded to OTC Markets for additional information.
“We are extremely pleased to report record annual 2014 revenues and net income. We will continue to focus on serving our customers and investing for sustainable long-term growth while increasing shareholder value.”
Brian Howe, President and Chief Executive Officer stated, “We are extremely pleased to report record annual 2014 revenues and net income. We will continue to focus on serving our customers and investing for sustainable long-term growth while increasing shareholder value.”
JNS Holdings Corporation Subsidiary JNS Power & Control Systems, Inc. Executes New Agreement with Enterprise CarShare
February 19, 2015
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH), an owner/operator & installer of electric vehicle (EV) charging stations and commercial licensed electrical contractor specializing in all types of controls and services throughout the Chicagoland area, today announced that its wholly owned subsidiary JNS Power & Control Systems, Inc. has entered into a new agreement with Enterprise CarShare.
The agreement calls for (JNS) to license Enterprise CarShare multiple locations on an exclusive basis, the agreement is for one year and affords the licensee and its members exclusive charging rights only. The stations will be available for authorized users 24 hours per day 7 days a week.
JNS will maintain all equipment the licensees will be responsible for all common area cleaning and security pertaining to said equipment.
“We are pleased that we were able to reach this agreement and look forward to a very fulfilling and rewarding experience. I would also like to thank my staff for their hard work and efforts regarding this matter,” said Brian Howe, President of JNS Holdings Corporation.
JNS Holdings CEO & President to Speak at the Chicago Department of Transportation and Chicago Area Clean Cities Coalition Workshop
Chicago Auto Show 2015
February 18, 2015
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH), an owner/operator & installer of electric vehicle (EV) charging stations and commercial licensed electrical contractor specializing in all types of controls and services throughout the Chicagoland area, today announced that its CEO & President, Mr. Brian Howe will be an invited guest speaker at the Workplace Charging Workshop being held by CDOT and the Chicago Area Clean Cities - Thursday, February 19, 2015 at McCormick Place.
All attendees will also receive complimentary tickets to the Chicago Auto Show to learn more about the electric vehicles on display.
Electric Vehicles on Display at the 2015 Chicago Auto Show:
BMW i3
Cadillac ELR
Chevrolet Volt
Ford Fusion
Kia Soul EV
Mitsubishi i-MiEV
Nissan Leaf
Porsche Panamera E-Hybrit
Smart Fortwo Volkswagen E-Golf Electric
Visit the event page at www.chicagocleancities.org or RSVP@chicagocleancities.org to register. Lunch will be provided to all participants.
“I look forward to meeting with all the participants and speaking before the workshop while answering any and all questions pertaining to the state of the Chicagoland area EV network,” stated Brian Howe, Chief Executive Officer
JNS Holdings Subsidiary Awarded Contracts for Four Detection Installations
December 08, 2014
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC: JNSH), an owner/operator & installer of electric vehicle (EV) charging stations and commercial licensed electrical contractor specializing in all types of controls and services throughout the Chicagoland area, today announced that JNS has received contracts to provide fire alarm detection installations at the Ontario, Sears, Dearborn & Plymouth substations to upgrade the existing fire alarm systems.
The updated systems will include removal of the existing CO2 systems, installation of new automatic sprinklers and water-flow devices, addressable photoelectric smoke detectors and clean agent suppression systems. Requirements to keep the existing fire alarm systems intact eliminating any disruption to customers during construction is another key factor in these projects.
The Chicago market is improving, contracts for commercial and residential construction projects in the Chicago area totaled $8.6 billion over the first 10 months of the year, up 16.3 percent from a year earlier according to Dodge Data & Analytics, a data provider formerly known as McGraw-Hill Construction. Stated Brian Howe, Chief Executive Officer, “We have always considered high rise tenant build-out work as our bread and butter, when we see several projects out for bid makes the coming year very promising. My estimating department has already submitted several major projects including a high rise redevelopment condo, a hospital & the McCormick Place expansion project proposals with Johnson Controls.”
The following additional contracts have been awarded and completed.
Grand Substation
Commercial Stainless Steel
St Judes 205 Monroe
SCR Medical Transport
R N Realty
Prospect Heights Substation
Optimum Nutrition
Palmer House
933 W Van Buren
Mens Warehouse
601 Lake Meadows
Swedish Covenant
Hilton Hotel
Anzelha Jewelery
Benton Park Townhomes
Tricorbraun
Union Park
NRG eVgo to Bring Electric Vehicle Fast Charging to Chicago
Charging Infrastructure Overhaul and Expansion will make Driving Electric Easy in Chicago
November 18, 2014
CHICAGO--(BUSINESS WIRE)--NRG eVgo, a subsidiary of NRG Energy, Inc., is expanding its electric vehicle (EV) charging offerings to the Chicago market. In partnership with Chicago-based JNS Holdings Corp. (OTC: JNSH), eVgo will operate a comprehensive and reliable network of direct current (DC) fast chargers to provide range confidence for Chicagoland EV drivers.
JNS partnered with eVgo, a recognized leader in DC fast charging services, to restore the existing DC fast chargers in Chicago. eVgo will manage the operation of the existing DC fast chargers including networking, back office support and customer service.
"A robust charging station network is critical to broad deployment of electric vehicles. The City of Chicago is pleased that NRG has chosen to expand its eVgo charging network here," said Chicago Mayor Rahm Emanuel.
According to Brian Howe, Chief Executive Officer of JNS Holdings (OTC: JNSH), “Through the joint efforts of JNS and eVgo, we have already brought most of the DC fast chargers back online with JNS local expertise and eVgo DC fast charging experience, we are on track to restore these chargers into a great experience for EV drivers.”
In the coming months, eVgo will also add additional DC fast charging sites to the Chicagoland area to further improve the charging coverage and make it a truly comprehensive network.
“DC fast chargers are the fastest EV chargers on the market today and can charge an EV in less than 30 minutes,” said Arun Banskota, President of NRG eVgo. “With the comprehensive DC fast charger network in Chicago today and the new stations we will bring online, eVgo can give EV drivers the confidence to drive wherever in Chicago they need to go and make buying an EV a very real option for all Chicagoans.”
This fast charging network supports eVgo’s partnership with Nissan to expand the “No Charge to Charge” program to the Chicago market. Already in 12 markets, “No Charge to Charge” is a first-of-its-kind partnership that provides Nissan LEAF buyers with complimentary 24-month access to the eVgo network, as well as other EV charging networks, using a single EZ-Charge access card*.
“At NRG eVgo, we are committed to the future of driving electric,” continued Mr. Banskota. “Together with partners like Nissan, we can deliver innovative solutions like ‘No Charge to Charge’ that empower more Chicagoland drivers to go electric.”
With over 160 fast charge stations currently installed, eVgo is building a comprehensive network of fast-charging sites in the U.S. as well as the infrastructure to support charging at residences and workplaces. By expanding to the Chicago market, eVgo furthers its commitment to support all EV drivers wherever and how ever they choose to charge.
JNS Holdings Corporation Issues Guidance Regarding Their Acquisition of the Chicago EV Charging Network
November 10, 2014
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH), now a provider of electric vehicle (EV) charging services, electrical construction services and vehicle leasing, announced they have already begun implementing their acquisition plan of restoring and completing the Chicago EV charging network. JNS owns and operates 168 charging stations as well as managing installations, maintenance, and tracking data on all of its charging stations.
First and foremost it is the responsibility of the company to physically inspect and correct any deficiencies within the current existing chargers in place as the system has not been fully operational. Since the recent announcement awarding of the system by a Federal Judge we have been besieged with current EV owners and prospective EV owners as to the status of the system, they all were very complimentary that a local firm now is handling the system. The company thanked them and assured them that the system will be maintained and operated in a very professional manner.
“We are looking forward to getting this project back on track to provide an efficient network of car charging stations to the entire Chicago metropolitan area,” said Brian Howe, Chief Executive Officer. “Many of the issues regarding no power, networking issues and damaged equipment have already been resolved, we have been working with the equipment manufacturers to insure we get proper replacement parts. It’s our goal for everyone using our network to have a good experience.”
Mr. Howe also added that “JNS Holdings is a publicly traded company and as such his first obligation is to its shareholders and believes that this investment into the future will benefit the company's shareholders greatly.”
JNS Power & Control Systems to Receive Title to 350 Green, LLC's Chicago Project Assets
October 24, 2013
CHICAGO, PRNewswire/ -- Attorneys for JNS Holdings Corporation ("JNSH") and JNS Power & Control Systems, Inc. ("JNS Power") obtained a pledge from the attorney for 350 Green, LLC ("350 Green") during federal court proceedings last Friday, October 18, 2013, that 350 Green would deliver all of the 219 chargers contemplated in the April 17, 2013 Asset Purchase Agreement between JNS Power and 350 Green by Friday, October 25, 2013. Delivery of the chargers, the 168 already installed at electric vehicle ("EV") charging stations throughout the Chicagoland area, and an additional fifty-one (51) Level II chargers, as well as the license agreements with property owners, was required by the September 24, 2013 decision by U.S. District Court Judge Elaine Bucklo. In that decision, the court ordered specific performance under the Asset Purchase Agreement by 350 Green and rejected the claims of JNS Power's competitor, Car Charging Group ("CCGI"), which had filed the federal court action in Chicago seeking to have the Asset Purchase Agreement declared void.
Kelly McCloskey Cherf and Patrick Deady of Hogan Marren, Ltd. in Chicago, the attorneys for JNSH and JNS Power, said that their clients had been seeking the transfer of the assets since the September 24th ruling so that JNS Power could complete a federally funded energy grant with the City of Chicago. "When two weeks had passed and JNS Power still did not have a bill of sale for the chargers, we were compelled to seek the assistance of Judge Bucklo. On October 9, 2013, we filed a motion for an order directing 350 Green to show cause why it should not be held in contempt for failing to perform as directed by the court's September 24, 2013 order."
At a hearing on JNS Power's contempt motion, Michael Bernstein, attorney for 350 Green and CCGI, informed Judge Bucklo that issues with respect to the Chicago Project chargers were in the process of being resolved and that a bill of sale for the 168 chargers already installed at EV charging stations, as well as the remaining chargers described in the agreement would be delivered to JNS no later than Friday, October 25, 2013. Mr. Deady advised the Court that attorneys for JNS had been working diligently with CCGI since filing the contempt motion but discovered on their own the day before the hearing that 350 Green could not provide clean title to the chargers. Based on Mr. Bernstein's representations, Judge Bucklo continued the contempt motion until October 31, 2013. "Hopefully, CCGI can get these issues worked out," Mr. Deady said. "JNS has been denied use and control of the assets it purchased since April."
District Court Enforced JNS Power & Control Systems' Asset Purchase Agreement with 350Green LLC
September 25, 2013
CHICAGO, PRNewswire/ -- JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that its subsidiary JNS Power & Control Systems, Inc. ("JNS Power") has received a favorable ruling in its lawsuit against 350 Green, LLC ("350 Green") for enforcement of an Asset Purchase Agreement with 350 Green. Under the terms of the Asset Purchase Agreement, 350 Green, an owner and operator of electric vehicle ("EV") charging stations throughout the country, contracted to deliver to JNS Power its chargers and license agreements with property owners, all of which are located in the Chicagoland area. On September 24, 2013, the U.S. District Court for the Northern District of Illinois, Judge Elaine Bucklo issued a ruling ordering 350 Green to deliver the chargers and licenses as contracted in the Asset Purchase Agreement. In her ruling Judge Bucklo also ruled that the claim made by one of JNS Power's competitors, Car Charging Group, Inc. ("CCGI"), concerning the Asset Purchase Agreement were without merit and found in favor of JNS Power in denying CCGI's claim.
"JNS Power is looking forward to getting this federally-funded City project back on track to provide an efficient network of car charging stations to the entire Chicago metropolitan area," said Brian Howe, JNS Power's Chief Executive Officer. "We entered into the Asset Purchase Agreement with 350 Green in April fully prepared to complete the Chicago project in the timely matter required by the grant and have worked since then to expedite the court's resolution of these matters. We have always maintained that CCGI's claims against JNS were baseless. Now we have a federal judge who agrees with us," Howe said.
Kelly McCloskey Cherf, partner of Hogan Marren, Ltd., attorney for JNS Power, added, "We believe the Court's decision was well-reasoned and very persuasive. Judge Bucklo soundly rejected all of CCGI's arguments, finding many of them unsupported by the undisputed facts established in this case and the controlling law. She held that under the unambiguous terms of the Asset Purchase Agreement and related contracts, 350 Green had the right to assign the electric chargers and its interests in leases, licenses and agreements with the hosts for the chargers to our client, JNS and has ordered 350 Green to assign those assets to JNS Power. Our client is obviously satisfied with the Court's decision, and the expedited nature by which the Court rendered its decision."
JNS Holdings Corporation Chooses Auditor and SEC Attorney
May 28, 2013 12:03 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has elected its team of professionals to move forward with its previously announced plan of becoming a fully reporting SEC Filing company.
The Company has elected to retain as their auditor Bongiovanni & Associates, CPA's a firm registered with the Public Company Accounting Oversight Board (PCAOB), providing audits in accordance with SEC and the PCAOB regulations. Their experience with SEC regulations, requirements and protocol will help us to facilitate the initial SEC Filings through the complex process of becoming an actively reporting public company.
The company has also elected to retain as their law firm John F. Hanzel, P.A. who has top-notch credentials. Attorney Hanzel has practiced law for 34 years since he established his practice in 1983. With Mr. Hanzel's experience and vast knowledge regarding SEC Filings enables us to have the utmost confidence in his ability to assist us regarding our goal of becoming fully reporting.
“I recently traveled to North Carolina to interview these prospective professionals and I have to say that in my opinion their credentials are impeccable. Keeping with the company’s business plan and desire to become a fully reporting company I am very confident in this decision," said Brian Howe, CEO of JNS Holdings Corporation.
Mr. Howe also stated, "That it is my job to make the best decisions possible to enhance shareholder value and the operations and profitability of the company."
JNS Holdings Corporation Completes Darien Sportsplex Ice Arena Project
May 21, 2013 12:03 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has completed the Darien Sportsplex Ice Arena via its subsidiary JNS Power & Control division http://www.jnspower.com/. The project included adding a new temperature control system to improve the energy efficiency of the mechanical equipment along with the replacement of the main electrical power cabinet on the refrigeration skid.
The new power & control cabinets were custom made to suit the unique requirements for the Darien Ice Arena NHL sized ice rinks. To increase the plants efficiency a new high efficiency motor and variable frequency drive was added to the cooling tower. The new stand alone control system added to the refrigeration skid will be integrated into the existing building control system to produce the highest quality ice and operate with reliability.
“The company is starting to see an increase in projects coming back online and new projects coming up for bid as the economy continues to improve. We are very pleased with the completion of this project being on time and within budget," stated Brian Howe, Chief Executive Officer.
JNS Holdings Corporation Awarded Hilton Hotel New Power & Control Project
May 16, 2013 12:56 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has been awarded the Hilton Hotel project via its subsidiary JNS Power & Control Systems, Inc. division.
The project will consist of replacing two of the main buildings toilet exhaust fans. The new exhaust fans will be high efficiency motors with new variable frequency drives. The new motors will require upgrading the existing distribution panel with a twin 100 amp bucket to supply the new feeders. The new variable frequency drives will be integrated into the existing building controls system operated by Systems Associates, Inc. The control wiring will be set up to commutate over the BACnet network and giving the building full control of the new exhaust fans.
“The company is pleased to continue its long standing relationship with the Hilton Hotel brand and expects to secure additional projects as this is our fourth project at this location," stated Brian Howe, Chief Financial Officer.
JNS Holdings Corporation Files All OTC Markets Group Required Disclosures and Attorney Letter to Obtain Current Status
May 15, 2013 12:10 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has filed all the required disclosures, financial statements and attorney letter with OTC Markets Group to obtain a current status (OTCPINKS).
This is the highest rating the company can achieve prior to preparing itself for a complete filing with the SEC to achieve fully reporting status and move to a higher exchange.
The company has begun interviewing prospective auditors and has retained an SEC attorney that will assist in the filings of all required paperwork.
“The company keeping within its internal business plan, growth objectives while creating shareholder value has determined now is the time to execute the strategy of becoming a fully reporting company," stated Brian Howe, Chief Executive Officer.
JNS Holdings Corporation Announces Formation of New Majority Owned Subsidiary Evolve USA Charging Corporation
May 13, 2013 07:00 AM Central Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has formed a new majority owned subsidiary Evolve USA Charging Corporation an Illinois domiciled and based Company. Evolve USA Charging Corporation will be solely responsible for new sales, service and the development of Electric Vehicle Charging Systems for both residential and commercial applications. Evolve will also be responsible for administration of the recently agreed upon Asset Purchase Agreement of the Chicago Grant Agreement.
Initially upon court approval Evolve will begin operations with a network of owned and operated units that consist of 142 Level II chargers and 26 Level III DC fast chargers within the Chicago market. Evolve will also focus on expanding its number of units with additional acquisitions and the development of new locations.
Evolve’s business model will allow Evolve USA Charging Corporation to own, operate and maintain a network of EV Charging Stations throughout the Chicagoland area by entering into shared revenue agreements with the owners of desired properties. Evolve is proceeding with securing exclusive locations strategically placed within Chicago and the surrounding suburbs and in conjunction with targeted areas for our initial launch of our Electric Vehicle Charging Station infrastructure.
Whether you are interested in hosting an Evolve USA Charging Station or just interested in seeing an EV public charging station near you, please contact us at info@evolveusacharging.com.
“The company believes that EV Charging Stations offer an excellent opportunity for revenue growth as more and more consumers seek alternatives to oil dependency and environmentally friendly options," stated Brian Howe, Chief Executive Officer.
Mr. Howe also stated, “With more and more automobile manufacturers developing electric vehicles and the cost of such vehicles coming down the need for charging stations will only increase. JNS based upon its years of experience in the electrical industry is poised and ready to seize this opportunity."
City of Chicago Accepts JNS Power & Control Systems’ 350Green LLC Asset Purchase Agreement
May 06, 2013 12:12 AM Central Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that its subsidiary JNS Power & Control Systems, Inc. (“JNS Power”) has received notice from the City of Chicago that the City accepts the terms and conditions set forth in its April 17, 2013 Asset Purchase Agreement with 350Green, LLC (“350Green”). Under the terms of the Asset Purchase Agreement, 350Green, an owner and operator of electric vehicle (“EV”) charging stations throughout the country, must deliver to JNS Power its chargers and license agreements with property owners, all of which are located in the Chicagoland area. The Asset Purchase Agreement gives JNS the largest EV charging system in the third largest market in America.
“We are thrilled that the City of Chicago has accepted the terms of our Asset Purchase Agreement with 350Green so quickly. We appreciate their confidence in our firm and we look forward to working with the City and the property owners where the chargers are installed. We believe we can provide efficient EV charging station service to the whole Chicago metropolitan area,” said Brian Howe, Chief Executive Officer. “JNS expects to satisfy all of the conditions of the U.S. Department of Energy First Amended Grant with the City by the December 31, 2013 deadline,” Howe said.
With regard to the lawsuit recently filed by one of its competitors, Car Charging Group, Inc. (CCGI), in the United States District Court for the Northern District of Illinois, Mr. Howe stated, “A similar lawsuit was filed by CCGI in New York and subsequently dismissed. Like the New York lawsuit, the Illinois lawsuit is without merit. We intend to vigorously defend these baseless claims and are confident that the Illinois lawsuit also will be dismissed.”
JNS Power & 350 Green LLC Executes Formal Letter of Intent for Acquisition of the Chicago Grant Agreement
February 11, 2013 09:30 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) is pleased to announce today after extensive negotiations that it has executed a Formal Letter of Intent with 350 Green, LLC to acquire certain assets which consists of the Chicago area Grant Agreement only.
Once the network is completed JNS will own and operate 201 Level II chargers and 73 Level III fast chargers within the Chicago market.
The acquisition enables JNS to enter this emerging sector within the electric vehicle charger industry in the third largest market in America. We are very pleased to have been able to reach this agreement and appreciate all the cooperation that 350 Green’s management has given as to reaching this LOI.
Both companies will now move forward expeditiously to a contract and closing, during this process all terms and conditions will remain confidential until otherwise mutually agreed.
“Upon completion of the acquisition, JNS Power & Control Systems, Inc. will be entering the multi-million dollar electric vehicle charging station market with an eye on continued growth in the sector," stated Brian Howe, CEO. “We look forward to this exciting new revenue generating opportunity for our company and fully expect to build on it in other markets and in our home market as well."
http://www.businesswire.com/news/home/20130211005771/en/JNS-Power-350-Green-LLC-Executes-Formal
JNS Holdings Corporation Awarded Contract for Hilton Hotel
January 30, 2013 11:20 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced that JNS Power & Control Systems, Inc. has been awarded a contract for the temperature control system installation as part of the Hilton Hotel renovations. The renovations are being performed on the Conrad suite, public restrooms, fourth floor meeting rooms and the lobby at the 1,544 room Hotel.
JNS continues to enjoy its relationship with Hilton and the latest contract is just the latest in a list that includes additional projects already completed for the Hotel.
“The awarding of this contract reflects JNS’s standing as a trusted partner within the markets we serve. Our professional highly skilled workers, quality installations and dedicated support staff only add to the exceptional services that we are committed to providing our customers,” said Sheryl Sittig, Vice President.
JNS Holdings Corporation Tenders Offer Begins Negotiations
January 29, 2013 11:10 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that it has tendered an offer and has begun negotiations to acquire the Chicago EV charger agreement from 350Green, LLC.
The company expects to complete negotiations within the next fourteen business days with a closing date soon thereafter as possible subject to all required regulatory approvals.
The monetary value after acquiring and completing the network of car chargers will exceed $5.8 million dollars. JNS will own and operate 201 Level II chargers and 73 Level III fast chargers within the Chicago market with such high profile locations as Walgreens, Whole Foods, O’Hare International Airport, Midway Airport and several Illinois Tollway Oases.
“Management believes this acquisition to be a perfect complement to existing business while creating value to the company,” said Brian Howe, CEO.
JNS Holdings Corporation Files Freedom of Information Request
January 23, 2013 05:56 PM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that JNS has filed a freedom of information request and received said information from the City of Chicago pertaining to an existing grant agreement. The company has made this request as part of its intense due diligence as it readies itself to tender an unsolicited offer to take over and complete said agreement in its entirety.
The referenced agreement pertains to the stalled electrical vehicle power stations that were awarded to San Diego based 350Green, LLC in February of 2011 with a targeted completion date for the end of the same year. To date 350Green, LLC has installed only 168 of the 274 EV chargers from the existing grant agreement and has stopped work due to financial issues.
JNS Power & Control Systems, Inc. an Arlington Heights, IL based contractor www.jnspower.com with extensive experience within the local market will make the unsolicited offer to 350Green, LLC within the next 10 business days to acquire their entire rights of the agreement so that the project can be brought to fruition.
“We believe that this is not only the future for energy independence we also believe the biggest limitation for drivers considering EV’s is the absence of a reliable network,” said Brian Howe, CEO.
JNS Holdings Corporation New CEO to Spearhead Rapid Growth
January 22, 2013 06:00 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that Brian Howe has been named as its new CEO, replacing Jean Howe. The move, effective immediately is expected to accelerate the company's objectives of enhanced revenue growth via internal opportunities as well as potential merger or acquisition candidates.
The company will begin to initiate/execute several internal growth options such as increasing the number of bidding on public and private sector work along with bringing on a high profile merger & acquisition firm to assist in identifying potential acquisitions and or merger candidates all with the intent of increasing revenues.
“Management has been evaluating and developing a comprehensive plan to grow revenues through several sources. The company has identified several opportunities of which are underway at this current time all intended to achieve our stated objectives,” said Brian Howe, CEO.
Mr. Howe also added that the company is seeing an upswing in funding of projects previously on hold due to budgeting constraints now being awarded along with new projects coming out for bid. We intend to aggressively pursue those new projects as we expect 2013 to be an excellent year for opportunity and growth.
JNS Holdings Corporation Releases News on Additional Work
January 10, 2013 01:36 PM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) releases news on additional work completed. JNS Power & Control Systems, Inc. has just completed (4) substations totaling $114,000. This fire alarm work was to upgrade the existing special hazard system. After a very busy past few months we completed these projects on time and within budget. We would also like to add that the Burbank Schools project has also been completed for an additional $77,000. This is also the first phase of the project phase two is to begin this summer which will consist of the building automation system. Additional work has begun and will be released in future press releases.
“With 2013 just beginning we are excited with the amount of proposals released and the potential of our future work load. Even though the electric vehicle charger work has been put on hold due to lack of payment we feel that this also will begin again soon as the city is looking into several deals to get it back up and running again. With 106 chargers still needed to be completed and a budgeted install of $3,300,000 by the end of 2013 we feel that a portion of that we will be able to pull in,” said Sheryl Sittig, Vice President. “We would also like to state that as of December 31st, 2012 Jean Howe has resigned as President of JNS Holdings and in the coming weeks we will release news as to who are new President will be.”
JNS Holdings Corporation Retains Investor Relations Firm
December 19, 2012 09:35 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) has retained Tom Nelson and TEN Associates, LLC, as its investor relations representative. TEN Associates, LLC, manages investor relations programs for public companies that want their story told to a broad base of audiences including institutional investors. Formed in 2005, the company specializes in smaller public companies to educate the investment community as to their products, services and growth prospects. By retaining TEN Associates, LLC, JNS Holdings Corporation will be exposed to a wide network of brokers and investment firms and will be able to communicate a clear message to them about the company's investment value.
Jean Howe, President and Chief Executive Officer stated, “We are very excited about having TEN Associates, LLC, expertise and capability representing the company in this important function of firm identity and exposure. It was very important to retain an established investor relations representative who has, open lines of communication with brokers and investment firms about our company, to answer questions that they may have about our strategy and future. TEN Associates, LLC, has an extensive network within the financial industry and the ability to bring our company's story to new audiences.”
JNS Holdings Corporation Reports Second Quarter 2012 Financial Results
August 14, 2012 11:00 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced financial results for the second quarter, ending June 30, 2012. JNS Power & Control Systems, Inc. reported revenues of $747,202, which is 47% greater than the same period in 2011. Gross profits were $438,989 or 59% for 2012, net profits also rose to $119,813 or 68% compared to $71,486 in 2011. Second quarter financials have already been uploaded to OTC Markets for additional information.
S&H Leasing, Inc. also reported revenues of $59,755, another positive increase from last year, net profits climbed to $20,229 or 34%.
Jean Howe, President and Chief Executive Officer stated, “Our quarterly revenue & profit numbers continue to improve as we stayed true to our core principals. As we look to the future I feel we have gained new flexibility with our new line of credit and we will be able to resume larger projects and explore the possibilities for future expansion into different regions in the near future.”
JNS Holdings Corporation Announces Revenue Increase by 68% for the First Quarter of 2012
May 14, 2012 10:23 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) is pleased to announce that JNS has successfully increased its revenue by more than 68%. JNS’s revenues increased from $323,609 for the period ending March 31, 2011, to $542,891 for the same period this year. This was achieved by continued repeat business from long term customers. Interested investors are encouraged to go to OTC Markets Group and compare the 2010 year end financials to the latest first quarter 2012 financials, which was uploaded last week. Once a comparison has been made, you will discover that JNS has paid off U.S. Bank and reduced our debt with Bayview by more than 32%.
Jean Howe, President and Chief Executive Officer stated, “Management has worked tirelessly to strengthen our balance sheet over the last year. Due to our new financial position, we are currently able to negotiate with a local bank to establish a new line of credit. This line of credit will insure access to additional cash flow necessary to accept larger, more complex and profitable projects. Our continued dedication to excellence has afforded us major business opportunities – opportunities that will be fully realized when we have significant cash flow access.”
JNS Holdings Corporation Reports First Quarter 2012 Financial Results
April 24, 2012 10:58 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced financial results for the first quarter, ending March 31, 2012. JNS Power & Control Systems, Inc. reported revenues of $542,891, which is 68% greater than the same period in 2011. Gross profits were $350,387 or 65%, net profits also rose to $180,938 or 33% compared to $107,596 in 2011. The increase in revenue versus the same period last year was driven primarily by the increase in new green initiative sales.
S&H Leasing, Inc. also reported revenues of $38,955, another positive increase, or 55% greater than the same period in 2011. Net profits climbed to $16,378 or 42%.
“Our first quarter financial improvement in sales and revenue is a great start into the new year,” said Jean Howe, President and Chief Executive Officer. “Our team worked very hard to increase sales and improve profitability, which has resulted in a stronger return and additional cash flow. With this additional cash flow, we chose to strengthen our bottom line and used this additional revenue to pay down our line of credit by 57% or $246,338 from one year ago, whereby significantly increasing our current ratio and decreasing our debt/equity ratio. I am pleased we were able to reduce our debt, buy back a vast number of shares of our common stock and still show a profit in 2011. I feel these decisions will translate very well for JNS and our shareholders in 2012.”
JNS Holdings Corporation Announces Contract at Chicago’s Main Post Office
April 19, 2012 12:20 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that JNS Power & Control Systems, Inc. has been awarded a contract to install new variable frequency drives (VFD’s) to replace the constant volume system at Chicago's main post office. The 24 new VFD’s will be installed on 15 existing air handler supply and return fans and four cooling towers to reduce energy consumption at the Harrison Street sorting facility and result in significantly lower building operation costs.
Additionally, since all the new VFD’s will be wired into the building’s automated control system, the system will be able to maintain the correct building humidity to insure the mail sorting equipment runs properly and without interruption, whereby reducing the maintenance and repair costs for sorting equipment.
“The value of contracts we are receiving this year have already surpassed our first quarter contracts for the last few years. I believe our region is showing significant signs of economic recovery,” said Jean Howe, President and Chief Executive Officer. “Our first quarter financial, which will be released next week, reinforces this belief and shows promise for continued economic repair and growth to our industry, but most importantly, for JNS.”
JNS Holdings Corporation Announces Substantial Contract with Men’s Wearhouse
April 09, 2012 01:33 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that JNS Power & Control Systems, Inc. has received a contract to upgrade the Men’s Wearhouse Addison distribution center building’s electrical service. The new 2000 amp service will supply power to the existing building loads and the 16 new rooftop air conditioning units. We will install a new NEMA 3R 2000 amp switchgear and two new 400 amp distribution panels to supply power to the new rooftop equipment. The contractual price is $287,800.
Jean Howe, President and Chief Executive Officer stated, “The challenge of this type of upgrade is to insure the customer’s facility remains operational during the construction. We are responsible for all site preparation, to coordinate with Commonwealth Edison to schedule the installation of the new 750 KVA transformer and have the new rooftop equipment operational before the summer heat arrives.”
Governor Pat Quinn Rolls Out Nation’s Largest Electric Vehicle Fast-Charging Network
350Green and 7-Eleven help drivers re-charge vehicles in under 30 minutes at Illinois Tollway Oases
March 30, 2012 01:23 PM Eastern Daylight Time
SCHILLER PARK, Ill.--(BUSINESS WIRE)--Governor Pat Quinn and representatives from the Illinois Tollway, 350Green LLC and 7-Eleven, Inc. announced yesterday the availability of the nation’s largest network of fast-charging electric vehicle (EV) stations. As part of Governor Quinn’s commitment to increasing sustainability across Illinois, the initiative will support the use of electric vehicles and create jobs in sustainable transportation. Motorists can charge an electric vehicle in under 30 minutes using the current fast-chargers at 7-Eleven sites at four Tollway Oasis locations, and will soon be able to charge vehicles at all seven Tollway Oases.
“By installing the largest network of cutting edge fast-chargers, Illinois will continue to support green jobs and provide people with environmentally-friendly and affordable travel options.”
.“We want Illinois to be the greenest state in America,” Governor Quinn said. “By installing the largest network of cutting edge fast-chargers, Illinois will continue to support green jobs and provide people with environmentally-friendly and affordable travel options.”
Through the Chicago-Area EV Infrastructure Project, 26 fast-chargers have been installed, with 73 total fast-chargers planned. Eight of these are currently in place at Tollway Oases along the Jane Addams Memorial Tollway (I-90) at the Des Plaines Oasis and on the Tri-State Tollway (I-94/I-294/I-80) at the Lake Forest Oasis, O’Hare Oasis and Chicago Southland Lincoln Oasis. The installations, managed by 350Green, were performed by Chicago-based JNS Power & Control Systems.
Jean Howe President & Chief Executive Officer stated, “It was nice to be invited to the event at the O’Hare Oasis and to be recognized for a job well done. I am excited to live and work in a state committed to be the greenest state in America. At the time of this press release we have completed (90) electric vehicle chargers. We look forward to new opportunities to continue to install level III chargers for the Illinois Tollway.”
JNS Holdings Corporation Announces Another Contract for Large Electrical Utility Company
Mar 20, 2012
OTC Disclosure & News Service
CHICAGO - JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that JNS Power & Control Systems, Inc. received a $128,800 contract to upgrade fire alarm systems for two electrical power facilities.
The contract includes replacement of the existing fire alarm system with a new addressable system. This updated system is equipped with the latest technology, including new automatic sprinklers and linear heat detection for eight transformer vaults. New water-flow devices for the automatic sprinklers will now protect these vaults while new fire alarm system components will be connected to a SCADA (supervisory control and data acquisition) computer system, providing real-time information to local operators for maximum safety and fire protection.
JNS Holdings Corporation Announces Fiscal Year 2011 Results
March 12, 2012 12:37 PM Central Daylight Time
CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has reported its audited financial results for its fiscal year ending December 31, 2011. The audited compiled financials will be uploading to OTC Markets.
JNS Power & Control Systems, Inc. reported revenues of $1,126,417, gross profits of $506,274 or 45% and net income of $79,991 or 7%. JNS’ 2011 intercompany sales were $1,477,421 compared to $766,857 in 2010, a 93% increase from the previous year.
S&H Leasing, Inc. reported revenues of $72,897, including net income of $40,658 or 56%.
JNS Holdings Corporation Announces Level II Charger Installs with Nissan Dealerships
Mar 08, 2012
OTC Disclosure & News Service
CHICAGO - JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that JNS has been contracted by AeroVironment to install several Level II electric vehicle charger stations for regional Nissan dealerships. These installations will support the new Nissan Leaf rollout throughout Chicagoland and Illinois. We look forward to additional installation opportunities from AeroVironment, as more electric vehicles are introduced into our region.
Ulysses Diversified Holdings Corporation Announces Change of Company Name to JNS Holdings Corporation
February 15, 2012 08:35 AM Central Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINK SHEETS: UDHC) is proud to announce that the Company’s Board of Directors and majority shareholders have approved a change in the name of the company to JNS Holdings Corporation. All necessary paperwork has been filed with FINRA to officiate this name change as well as the CUSIP number, which will now become 46622M102. Management believes the name change will be effective on February 16, 2012, as this has already been approved by FINRA. JNS Holdings Corporation will also be under the new symbol “JNSH”.
Ulysses Diversified Holdings Corporation Completes Electrical Vehicle Charger Training
December 08, 2011 07:35 AM Central Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reports that JNS Power & Control Systems, Inc. has become a licensed electrical contractor installing electric vehicle charger installations in the Chicago area for AeroVironment, Inc. (AV), one of the nation’s premier electric vehicle charging station manufacturers. Our experience with customer service, proven track record with completed installations, excellent safety and performance history, and technical computer skills has helped us move forward into this field.
Ulysses Diversified Holdings Corporation Announces $180,000 Contract for Elementary School Project
November 14, 2011 09:35 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced that JNS Power & Control Systems, Inc. has been awarded a $180,000 contract to provide a new building automation system for Lincoln Elementary School District 156, located in Calumet City, Illinois. The new building automation system will be integrated into five new roof top units, twenty two new variable air volume boxes and existing equipment previously installed during renovations from 1996 and 2005. The school district has completed several projects including two boilers, two chillers, three existing air handling units and other variable air volume boxes, which will be integrated into one cohesive system by JNS Power. This contract also includes the installation of a new 480 volt service to supply power to the classroom variable air volume boxes and once the temperature control upgrade is complete, District 156 will be able to use computer graphics to view, monitor and change set points locally using a new front end server, whereby increasing the efficiency of their heating and cooling system.
UDHC Announces Additional Electric Car Chargers to Existing 350Green Master Contract
November 08, 2011 09:54 AM Eastern Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reports that JNS Power & Control Systems, Inc. has added additional electrical vehicle car charger installations to their master contract with 350Green, LLC. After completing the first several locations, the quality of work and installation practices have given JNS Power the opportunity to continually add locations to their contract. Thirty-Four level II electric vehicle car chargers have already been completed by JNS Power, all on time and within budget.
Ulysses Diversified Holdings Corporation Releases News on Major Contract with Local Hospital
October 31, 2011 10:36 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) provides news on major contract developments. We are pleased to announce that JNS Power & Control Systems, Inc. has been awarded a contract in the amount of $148,000 for the expansion of the Mayfair Clinic. The Mayfair Clinic is part of the Swedish Covenant Hospital, a comprehensive healthcare facility providing health and wellness services to Chicago’s North and Northwest suburbs.
Ulysses Diversified Holdings Corporation Releases 3rd Quarter Financials
October 26, 2011 10:16 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reported its financial results for the third quarter, ending September 30, 2011. JNS Power & Control Systems, Inc. reported revenues of $846,752, including net profits of $222,831 or 26%. S&H Leasing, Inc. reported revenues of $70,765 with net profits of $38,879 or 54%. In addition JNS Power has also decreased their total debt by $66,058 as the Company focused on reducing its outstanding debt since the beginning of the year.
Ulysses Diversified Holdings Corporation Announces First Wind Turbine Contract
June 01, 2011 08:35 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reports that JNS Power & Control Systems, Inc. has been awarded their first wind turbine electrical connection contract at Kankakee Community College (“KCC”) in Kankakee, Illinois. Wind turbines convert kinetic energy from the wind into mechanical energy and provide electricity without reliance on fossil fuels. Large grid-connected arrays of turbines are becoming an increasingly large source of commercial electric power. Developed over a millennium, today's wind turbines are manufactured in a range of vertical and horizontal axis types.
Ulysses Diversified Holdings Corporation Reports First Quarter 2011 Financial Results
May 16, 2011 02:29 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reported its financial results for the first quarter, ending March 31, 2011. JNS Power & Control Systems, Inc. reported revenues of $323,609, including net profits of $107,596 or 33%. S&H Leasing, Inc. reported revenues of $25,133 with net profits of $10,138 or 40%.
Ulysses Diversified Holdings Corporation Provides an Update on the Electric Car Charging Infrastructure
May 02, 2011 08:35 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today issues an update to the investment community on the Company's progress for the electric car charging stations infrastructure. We are pleased to announce our first official Level II charging station installation has been completed at the Walgreens in Oak Park, IL.
Ulysses Diversified Holdings Corporation Releases Additional Contract Developments
April 19, 2011 11:39 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) provides an update today on recent company developments. We are pleased to announce that JNS Power & Control Systems, Inc. has been awarded two additional tenant build out contracts in the 300 North LaSalle Building – a 1.3 million square foot office tower located in downtown Chicago. This building has been the site of one of the largest projects undertaken by JNS Power since its inception in 2001. As a result of forward thinking and aggressive negotiations, JNS Power will continue to be provided the first right of refusal for future building automation installations. To date, contracts at this location have exceeded 2.4 million dollars and are expected to continue as this high rise fills to capacity. This 60-story skyscraper has already been awarded a LEED Gold Certification for its energy and resource efficiencies, which is congruent with UDHC’s recent endeavors into alternative energy sources and natural resource management.
Ulysses Diversified Holdings Corporation Announces Development of Electric Vehicle Charging Station Infrastructure for the Chicago Area
April 06, 2011 01:05 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that JNS Power & Control Systems, Inc. has been selected as an installing contractor for six electric car charging stations throughout the Chicago area. This project is among the first and largest of its kind in the United States and Chicago is an ideal area to utilize electric vehicles considering almost 90 percent of all area commutes are less than 40 miles. Most fully electric cars can go up to 100 miles on a full charge.
Ulysses Diversified Holdings Corporation Reports Year End Results
March 16, 2011 02:53 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that their audited financials have been finalized and are being submitted to OTC Markets. It is also noted that the Company reports on its fiscal year ending December 31, 2010.
Ulysses Diversified Holdings Corporation Completes Solar Certification Training
March 10, 2011 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that their employees have completed their solar training certification. The inherent skills an electrical contractor with this training provides the strong foundation to join this rapidly growing industry.
Ulysses Diversified Holdings Corporation Announces Share Buy-Back Program
March 09, 2011 10:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced that the Company plans to purchase up to 15 Million shares of its common stock as part of a share buy-back program during 2011. The plan calls for the repurchase from the open market and privately negotiated transactions but does not obligate the Corporation to make any repurchases at any specific time or situation.
Ulysses Diversified Holdings Subsidiary Awarded Contract
February 24, 2011 11:07 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that its subsidiary JNS Power & Control Systems, Inc. has been awarded another electrical contract for an existing customer.
Ulysses Diversified Holdings Corporation Provides Update on Recent Developments
February 14, 2011 09:26 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) provides an update today on recent company developments. The first two months of the new year have been very busy around UDHC. Currently we are completing our design build production line upgrade at Evans Food. Our crews have done a fabulous job bringing this project in on time and on budget. Our clients have been so impressed with the conversion of the production line equipment and the energy savings we have been asked to convert their current wash down pump skids to variable frequency drives. By adding the new variable frequency drives to the pump skid the energy savings will pay for the project within 18 to 24 months. As for as new work we have recently signed a contract to replace the induction heating machine for a local metal plating processing plant located in Elk Grove, Illinois several pictures are posted on our Facebook page. We also signed a contract to retro fit the sub basement air handling unit at the Chicago Hilton Hotel. Our crews will pipe, pull and trim the new building automation controls for this new air handling unit.
Ulysses Diversified Holdings Corporation Provides Shareholder Update
January 26, 2011 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that it has completed its second acquisition, S&H Leasing, Inc. via a cash & stock deal. UDHC will pay $100,000 dollars in cash via a note payable over the next twelve months and 4.8 million restricted (for one year) shares. S&H Leasing is a small boutique Company domiciled in Illinois that has been in business since 2002. The Company will continue with its current operations and are planning to utilize UDHC’s existing operations and expertise to expand their revenue stream as well as product offerings.
Ulysses Diversified Holdings Corporation will Buy Leasing Company
January 06, 2011 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) said on Thursday it will acquire an equipment leasing company, S&H Leasing, Inc. for cash and stock
Ulysses Diversified Holdings Corporation To Finalize Kinderview Share Distribution
January 05, 2011 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that the Company is in the process of finalizing the Kinderview share dividend distribution and requests that any entitled shareholder who has not received their certificates to date please forward their claim in the following manner:
Ulysses Diversified Holdings Subsidiary Awarded Contract
December 07, 2010 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that its wholly-owned subsidiary JNS Power & Control Systems, Inc. has been awarded a design build electrical contract.
Ulysses Diversified Holdings Corporation Announces Leasing Company Acquisition
December 02, 2010 09:59 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today announced that it has been in the exploratory stages of acquiring a privately held leasing company. To date Ulysses has completed its preliminary due diligence of the target company's operations, management and future growth potential and intends to continue forward with said acquisition.
Ulysses Diversified Holdings Corporation Issues Shareholder Guidance
November 30, 2010 01:18 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINK SHEETS: UDHC) today announced current and forward guidance, as we prepare to complete the final quarter of our fiscal year, the Company is in a strong position to meet its revenue goals for fiscal year 2010. Potential new investments in the Company are a major focus of management as growth, shareholder value and future success of the company is the foremost objective.
Ulysses Diversified Holdings Corporation Clarifies Expansion Into Renewable Energy Field
October 11, 2010 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--This press release is going out because there seems to be some confusion on the type of training JNS Power & Control Systems, Inc. the wholly-owned subsidiary of Ulysses Diversified Holdings Corporation (UDHC) will complete to receive solar energy installer certification.
Ulysses Diversified Holdings Subsidiary to Expand into Renewable Energy Field
October 08, 2010 08:39 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--With government incentives and energy efficiency monopolizing the media, JNS Power & Control Systems, Inc., a wholly-owned subsidiary of Ulysses Diversified Holdings Corporation (UDHC) made a strategic decision to “take a piece of that pie.” Jean Howe, President & Chief Financial Officer stated, “We are currently working with a local university to install our first alternative energy source - a wind turbine. I feel it’s the next natural progression for JNS Power and Control Systems, Inc. We have been involved with building automation for the last 10 years controlling all aspects of a building’s mechanical and electrical equipment and it only makes sense to now control the power source as well.”
Ulysses Diversified Holdings Corporation Announces Election of New Members to Board of Directors
October 07, 2010 03:10 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation today announced the appointment of its new Board of Directors and Election of Officers.
Ulysses Diversified Holdings Corporation Subsidiary Awarded Contracts for Installation of Life Safety Fire Protection in Chicago
August 27, 2010 10:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that its subsidiary, JNS Power & Control Systems, Inc., has been awarded contracts for the installation of the life safety fire protection systems at the Northwest and Crosby Commonwealth Edison (ComEd) Substations in Chicago, Illinois.
Ulysses Diversified Holdings Corporation Announces New President and CEO
August 24, 2010 11:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that it now has a new President and CEO.
JNS Power & Control Systems, Inc. Completes Reverse Merger by Acquiring Ulysses Diversified Holdings Corporation
August 19, 2010 09:05 AM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) announced today that JNS Power & Control Systems, Inc. of Arlington Heights, Illinois has completed all acquisition documents which gives full control of UDHC to JNS Power & Control Systems, Inc.