Darryl Laws of Jermyn Street Capital Partners Arranges Financing for Eliho Energy Systems

Feb. 1, 2011 - PRLog -- LA JOLLA, CA – Darryl Laws, the Managing Member of Jermyn Street Capital Partners, LLC. (or “JSCP”) announced today that JSCP has closed a $350,000 collateralized preferred non-subordinated senior debt bridge loan (or the “Loan”) to Eliho Energy Systems, Inc. (or the "Company").  The proceeds of the Loan are to be used to construct and entitle suitable sites for the Company.

The Loan bears interest at a rate of 10 percent per annum, payable monthly.  Eliho Energy Systems will also pay a commitment fee equal to eight percent of the amount of the Loan and issue 600,000 common shares to the lender as Payment In Kind (PIK).

Eliho Energy Systems has entitled a site in the state of Florida that is ready for immediate construction for a 10-megawatt waste to power system with a fifteen year power purchase agreement from Progress Energy.  The site has the necessary building, waste, bio medical waste and air permits in hand.  In Florida, sites that are under 10 megawatts in size are exempt from a State power and interconnect permit.  This factor accelerates the ability to construct.  Eliho Energy Systems has five additional central Florida sites pre-approved for rapid entitlements and approvals.

About Jermyn Street Capital Partners, LLC.

Jermyn Street Capital Partners, LLC is a family office investment advisor, managed by Darryl Laws that represents five Southern California families and one Mexico City based family in making their respective investment decisions by:  vetting, analyzing, economic modeling, structuring, negotiating, and documenting investments in the domestic and international markets, respectively.  JSCP's investment objective is to provide clients with a high yield and the preservation of capital. The firm is based out of La Jolla, California and has representative offices in Austin, New York, Shanghai and London.

Eliho Energy Systems, Inc.

Eliho Energy Systems, Inc. develops proprietary pyrolysis gasification technology and specializes in waste to energy systems that are under 10-megawatts.  The Company can construct and commission sites in as little as 100 days.

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Disclosure Notice

Statements in this release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon management's belief as well as assumptions made by and information currently available to management. Because such statements are based upon expectations as to future economic performance and are not statements of fact, actual results may differ from those projected. Factors that could cause actual results to differ materially from JSCP’s expectations include completion of pending investments, continued ability to acquire additional investments, economic conditions, and other risks detailed from time to time in its client’s reports filed with the SEC.