Retail Provider Andeler Corporation to Undergo Change in Control

Texas retail electric provider Andeler Corporation has entered into a stock purchase agreement under which it will undergo a change in control, and sought an amendment to its Texas REP certificate to reflect the change in control.

Specifically, Andeler has entered into a stock purchase agreement with SBD Energy Group, LLC whereby Andeler is selling 65% of the company's issued and outstanding capital stock.

Current Andeler shareholders will retain 35% of the company's stock and retain existing Board of Director representation.

Current Andeler management will remain intact, supplemented by additional management.

Specifically, Russel Head will become CEO and a director of Andeler upon approval of the change in control. Head was formerly Vice President of Sales at Green Mountain Energy Company from 2003-2009.

Robert D. Lee, the managing member of SBD Energy Group, LLC, will serve as one of several new directors of Andeler upon the change in control.

Samuel Holton, currently President and a director of Andeler, will remain in both positions.