Here Enterprises Inc., a developer of wind energy, has acquired its first wind energy development project: the acquisition of Cycle Ranch, Inc. of Texas. Here Enterprises is working to develop a wind farm on the Cycle Ranch site in conjunction with its operating commercial motocross speedway business.
Mark Ryun, CEO of Here Enterprises, commented: “The strategy of Here Enterprises is to co-locate wind energy facilities with commercial businesses in order to generate cash flow from the production of clean energy as well as from the businesses operating onsite.”
Here Enterprises entered into an agreement to become the sole shareholder of ABS Land Company, Inc. and Cycle Ranch, Inc., and the owner of 99% limited partnership interest of Cycle Ranch Management, Ltd., making them wholly-owned subsidiaries of the Company. The newly acquired subsidiaries now referred to as Cycle Ranch, Inc., own and operate the land and business of Cycle Ranch Motocross Park, one of the top five motocross tracks in the nation.
Cycle Ranch is located near Floresville, Texas, the state now leading the nation in wind power production. Here Enterprises intends to develop a wind farm on the property which hosts an established motocross speedway drawing thousands of fans, spectators and competitors each week.
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