Green Energy Solution Industries Announces Conclusion for Renewable Energy Project Funding
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Green Energy Solution Industries, Inc. (OTC: GESI), a project developer for a Waste-to-Energy project, in Alberta Canada, is pleased to announce to its long standing and supportive shareholders that the long sought project funding is being concluded in concert with its joint venture partner InREFco. After great effort by all involved over the last several months, GESI's project funding has been confirmed. Under the joint venture with InREFco, there will be a revenue split of 60/40 in favor of GESI from project revenues.
The funding availability will mean that GESI will be able to begin the next steps of its waste-to-energy project development including technology site plan engineering, finalization of purchase or licensing of the selected energy technology, permit finalization, site planning, and closing of further contracts to ensure feed stock sources.
Gordon McKay, CEO of Green Energy Solution Industries, stated: "I would like to thank all of our investors for their long endured patience. In today's environment, it is uncommon to have the support of the shareholders that we have had over the last year in finding the right funding source for our tremendous business. To those who kept the faith we are honored to have you with us. We will now be able to promptly fulfill our business plan."
Jason Watson, CEO of InREFco, stated: "We have secured the funds to complete and pursue this Joint Venture with GESI and look forward to implimenting the business plan."
About Green Energy Solution Industries, Inc
Green Energy Solution Industries, Inc., is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects, to create economic stimulation, job creation, toxic waste removal, creation of energy, and to add to Canada's ever increasing renewable energy sources.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Green Energy Solution Industries, Inc.
Dave Zembek, 615 426-2565
KEYWORDS: North America Canada
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