/ CORRECTION - Green Energy Solution Industries, Inc.
2012年3月14日 - 8:46AM
Marketwired
In the news release, "GESI Announces Anticipated Entry Into Power
Purchase Agreement -- Could Earn $5.8-$8.1 Million Daily in Alberta
Market," issued earlier today by Green Energy Solution Industries,
Inc. (PINKSHEETS: GESI), we are advised by the company that the
headline should read "GESI Announces Anticipated Entry Into Power
Purchase Agreement -- Could Earn $5.8-$8.1 Million Annually in
Alberta Market" and the third sentence in the second paragraph
should read "Given current electrical grid rates, each phase of 10
Megawatt power could produce a contracted amount of revenue from
$5,840,000 (CD) to $8,030,000 annually for a 200 ton/day facility"
rather than "Given current electrical grid rates, each phase of 10
Megawatt power could produce a contracted amount of revenue from
$5,840,000 (CD) to $8,030,000 for a 200 ton/day facility" as
originally issued. Complete corrected text follows.
GESI Announces Anticipated Entry Into Power
Purchase Agreement -- Could Earn $5.8-$8.1 Million Annually in
Alberta Market
VANCOUVER, BC -- March 13, 2012 -- Green Energy Solution
Industries, Inc. (PINKSHEETS: GESI) announces anticipated entry
into a Power Purchase Agreement through a third-party. Power
Purchase Agreements are solidified contractual agreements for the
purchase of pooled electrical power. Long term contracts are being
negotiated by GESI which qualifies the company for long term
financing for the project build out.
GESI's planned facility is on target to convert 200 tons of rail
ties (feedstock) per day using gasification. The company's power
production ability is to net a 10 Megawatt power supply. Given
current electrical grid rates, each phase of 10 Megawatt power
could produce a contracted amount of revenue from $5,840,000 (CD)
to $8,030,000 annually for a 200 ton/day facility. Additional
modulars can be built as separate units based upon business
planning and increases in available feedstock at GESI's Alberta
location.
CEO Gordon MacKay states, "The increased demand for electricity
in Canada, as well as the increase in electrical prices, means that
the revenue for GESI is highly likely to not decline in the
foreseeable future. Annual electrical pooling prices have increased
100% over the last ten years in Alberta."
GESI Green Energy Solution Industries,
Inc. GESI 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. GESI is
now a public company with administrative offices in Houston, Texas
and operations in Alberta, Canada. For More Information on GESI see
the web site at www.gestechnologies.com
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "projected,"
"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.
Contact: David Zembeck P:615-426-2565
greenenergyinvestorrelations@gmail.com
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