Pierre Boosts Fortunes by Buying Fourth Wave Energy

With the recent misfortunes befallen the energy industry, some smaller firms in the sector are trying to burrow out from under by going the merger-and-acquisition route.

Thursday, California-based Pierre Corp. (OTC:PIRE) revealed it had acquired Colorado-based Fourth Wave Energy (FWE) of Colorado in an all-stock transaction.

FWE is a geo/solar climate change solutions company founded and managed by a team of leading Colorado and Silicon Valley alternative energy engineers, executives, and financial professionals.

The company has developed and plans to market the Fourth Wave Energy System, a comprehensive geo-solar building system that allows home and business owners to achieve zero carbon emissions without any utility bills.

PIRE shares climbed Thursday by 5.5 cents, or 37.9%, to 20 cents, on volume of 69,000 shares.