Great Rock Development Corporation Updates Shareholders on Social Housing Solar Project and Initiatives
(firmenpresse) - SAULT STE MARIE, ON -- (Marketwire) -- 03/21/12 -- Great Rock Development Corporation (PINKSHEETS: GRDCD) is pleased to update shareholders on its social energy initiatives.
Management is pleased to report the completion of a 10kWh rooftop solar photovoltaic project for social housing in Mississauga, Ontario. With Engineering, Procurement and Construction services provided by industry leader Solar Tech Northern Lights Canada Inc, the project was completed on time within budget and with minimal oversight. This strategic partnership between all stakeholders has ensured the successful development of a quality project that will generate positive returns for Pathway Non-Profit Housing Community for the next 20 years and beyond. With final inspections completed, our first 10 kWh project is operating and generating revenues to the customer. Our final calculations show revenue potential for up to $10,000 per annum. Mr. Roman Spektor of Pathway Non-Profit Housing: "This project is expected to provide a significant development for social housing projects by providing additional revenues, which can be used for various children's programs, through the use of unused rooftop space."
With this approach now demonstrated, Great Rock Development Corporation is looking to secure similar projects in Canada and abroad. Current negotiations are taking place for energy projects in Canada, St Kitts and Nevis, Jamaica, Belize, Niger and Nigeria. Said energy projects entail either energy conservation or energy generation strategies to reduce operating costs or increase revenues for building owners.
Great Rock Development Corporation offers comprehensive design, development and management services to the Biomass, Solar Thermal & PV and Wind energy industry. The Company brings decades of energy consulting experience to the marketplace. Management's approach is aimed at rapid growth through partnerships, mergers and acquisitions using the principals' connectivity and experience in the marketplace.
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Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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Great Rock Development Corporation
Tel. +1 954 707-3043
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Datum: 21.03.2012 - 17:27 Uhr
Sprache: Deutsch
News-ID 127214
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SAULT STE MARIE, ON
Kategorie:
Coal
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