Released on = April 13, 2007, 4:42 am

Press Release Author = Walt Lecter/Carlton Hedges & Associates

Industry = Financial

Press Release Summary = Carlton Hedges & Associates have seen renewable investments
triple since 2002, but is quick cash really what the sector needs?

Press Release Body = Carlton Hedges & Associates spokes person, Walt Lecter,
yesterday spoke out against venture capitalists that are damaging renewable energy
firms. He stated "Venture capital is sexy and exciting: The glamour of bringing a
new business to market and the promise of big returns has started to have a
devastating impact on the industry."

He went on to say "There\'s no doubt this fast money plays a big role in building the
businesses of tomorrow - especially those in the burgeoning alternative energy
sector, which has seen funding triple over the past four years, but venture capital
investors often bank on a relatively quick payback, and have high expectations for
the firms they back."

He further went on to say "The typical time frame for venture capital firms - which
provide cash and provide management expertise usually in exchange for part ownership
- is three to five years and money doesn\'t have a lot of patience in general and I
would say eight out of 10 of these operations don\'t go anywhere. And for those
eight, it gets pretty ugly.\"

He finished by saying "The fact that many renewable energy technologies are still
years from being commercially successful, combined with what some say is a lack of
places to turn for money, leaves many of these companies especially vulnerable."

Carlton Hedges & Associates provides financial advisory services to wealthy
individuals and families, select endowments, and corporate clients. Our independent,
fee only, conflict free \"open architecture\" consulting service combines a blend of
independence, tax awareness and extensive intellectual resources. Carlton Hedges &
Associates today is one of the best-recognized open architecture firms advising
clients on their investment portfolios and other wealth management issues.

With expertise in the Investment Banking industry, Carlton Hedges & Associates can
help you meet the challenges of wealth investment. Carlton Hedges & Associates is a
professional financial advisory and venture capital firm with expertise in Mergers
and Acquisitions, Investment Banking, Emerging Growth Companies, and Specialized tax
advisory services. Carlton Hedges & Associates provides powerful solutions for
growing your wealth in a complex market.


Web Site = http://www.carltonhedgesandassociates.com

Contact Details = Carlton Hedges & Associates
44 Wall Street,
21st Floor,
New York, NY 10005
Tel: +1-718-732-2850
Fax: +1-718-732-2444