GESI Receives Further Alberta Energy Study Money for Finished Plan
11 Septembre 2012 - 3:00PM
Business Wire
Green Energy Solution Industries, Inc. (PINKSHEETS: GESI),
announced today it has recently received confirmation from Alberta
Energy of the Departments matched funding tranche as a payment for
the study GESI had conducted Alberta Energy. The final tranche of
$46,575 (Canadian Dollars) is matched funds grant, for a
realization by GESI of $93,150 as final payment on the grant.
In a true mission accomplished fashion, GESI had been awarded
the grant in 2011 when it was a private company under Alberta
Energy’s Biorefining Commercialization and Market Development
Program Grant Agreement, for a total cost of $355,000 (CAD), of
which $177,000 was awarded by Alberta Energy. GESI had already
successfully completed the feasibility study, which was for the
study of wood waste for the creation of electricity or energy.
Using the results of the study, GESI was able to launch its
business plan for the utilizing of waste rail ties for the creation
of energy. Along the way, GESI received a source for such rail
ties, securing a location, and lead in funding for the build out of
a full scale plant at an Alberta site. GESI is currently awaiting a
build-out funding program.
About GESI 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. 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.gesienergy.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.
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