Viridis Energy Announces First Transaction by its Newly Launched Trading Subsidiary, Viridis Merchants Secures Approximately ...
2013年12月30日 - 10:00PM
Access Wire
Vancouver, BC - December 30, 2013 - Viridis
Energy Inc. ("Viridis" or the
"Company") (TSXV: VRD), a "Cleantech"
manufacturer and distributor of renewable energy providing waste
biomass fuel to global residential and industrial markets,
announced today that its recently launched, wholly owned
subsidiary, Viridis Merchants Inc., an aggregation and trading
service between buyers and sellers of alternative energy, including
wood pellets, has structured its first transaction.
Viridis Merchants has secured
approximately 30,000 tons of wood pellets from a southeast U.S.
producer, representing approximately 30% of the manufacturer's
capacity, to be delivered over the next 12 months to customers in
Europe. Viridis Merchants is serving as a principal in the trade,
providing value-add services such as logistics and marketing to the
producer. The first shipment has left port and is headed to the
residential market in Europe. This transaction will generate
approximately $8 million in annual revenue for Viridis, which will
be realized after each recurring monthly shipment, and will be
immediately additive to earnings.
Christopher Robertson, Viridis' CEO
commented, "We anticipate a profitable growth year in 2014 with
revenues from production alone more than doubling to over $30
million, as we realize the full year production of our
manufacturing plant in Nova Scotia. In addition, we expect Viridis
Merchants to be a complementary and profitable addition to our
production capability, and we are encouraged to see how quickly the
first transaction has come together. As of today, with this first bulk export transaction in Viridis Merchants, Viridis
enters 2014 with approximately 240,000 tons in combined annual
production and purchased capacity, a significant increase from
2013."
Viridis Investor Contact:
Yvonne L. Zappulla
Managing Director
Grannus Financial Advisors, Inc.
212-681-4108
Company Contact:
Michele Rebiere
Chief Financial Officer
Viridis Energy Inc
905-847-5226
investorinfo@viridisenergy.ca
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About Viridis Energy Inc.
Viridis Energy Inc.
(TSXV: VRD) is a publicly traded, "Cleantech" alternative energy
company specializing in the agricultural and wood waste biomass.
Located in Vancouver, B.C., Viridis Energy operates Cypress Pacific
Marketing, Okanagan Pellet Company and Scotia Atlantic Biomass,
thus providing the company with vertical integration for
distribution and manufacturing as well as coast to coast national
presence. For more information on Viridis Energy Inc. please refer
to the company website at www.viridisenergy.ca.
Forward-looking
Statements
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the
Company's future operations. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a continued
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties associated with the
demand for biofuels, (3) the risk that the Company does not execute
its business plan, (4) inability to finance operations and growth
(5) inability to finance the start-up operations in Nova Scotia in
a timely manner (6) inability to retain key management and
employees, (7) an increase in the number of competitors with larger
resources, and (8) other factors beyond the Company's control.
These forward-looking statements are made as of the date of this
news release and the Company intends to update such forward looking
information in the Company's MD&A in the event that actual
results differ materially from such forward-looking statements
contained herein. Additional information about these and other
assumptions, risks and uncertainties are set out in the "Risks and
Uncertainties" section in the Company's MD&A filed with
Canadian securities regulators.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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