GreenAngel Energy Corp's (TSXV:GAE) Investee Company, dPoint Technologies, Secures Investment of $3.5 million - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, June 22, 2012 - GreenAngel Energy Corporation
(TSXV:GAE) reported that one of its investee companies, dPoint Technologies
(www.dpoint.ca) has secured an investment of $3.5 million from a strategic lead
investor. GreenAngel currently holds 448,454 shares in dPoint Technologies.
InvestmentPitch.com has produced a "video news alert" based on this information.
If this link is not enabled, please visit www.InvestmentPitch.com and enter
"GreenAngel" in the search box.
dPoint develops novel polymer membranes and energy recovery devices that
significantly improve the energy-efficiency of heating, ventilating and air-
conditioning systems used in buildings. These funds will be used primarily for
expanding sales and R&D activities, as well as providing additional working
capital.
James Dean, CEO of dPoint commented "This financing gives recognition to our
early market wins and will help fuel the next generation of innovation that will
extend the market advantage of our technology."
GreenAngel Energy is the first publicly traded company that invests solely in
emerging private green technology companies. The company provides an avenue for
public investors to gain access to a portfolio of the most promising angel-stage
investments across a spectrum of green technology sectors.
As this new financing was completed at a higher valuation than previous
financings, the value of GreenAngel's holdings in dPoint also continues to grow.
Michael Volker, Chairman of GreenAngel stated "dPoint continues to grow steadily
and we believe this strategic investment represents another important milestone
as they commercialize their products into the market and realize value for
GreenAngel investors."
Other companies in the portfolio include Delaware Power Systems
(www.delawarepowersystems.com) a world leader in the development and
commercialization of a standardized battery platform to power electric vehicles
and backup power systems.
Habitat Enterprises (www.habitatenterprises.ca) has a three-year track record of
creating online software products that help organizations make money by
investing in renewable energy projects.
Light-Based Technologies (www.lightbasedtechnologies.com) has developed and is
commercializing a unique control technology for LED lighting.
Paradigm Environmental Technologies (www.microsludge.com) has developed a
patented technology that significantly enhances the capacity and capability of
municipal wastewater treatment plants and industrial facilities. One of the
benefits of Paradigm's technology is that it significantly reduces the
"digestion" time needed for a facility to process waste, thus avoiding plant
expansion and the associated land and capital costs required as a community
grows.
For the last three years REV Technologies (www.revtechnologies.ca) has focused
its development on vehicle technologies that allows for the two-way exchange of
electricity with the power grid, enabling electric cars to become a versatile
storage resource for renewable power.
GreenAngel is currently trading at $0.10 and with 15.8 million shares
outstanding, is capitalized at approximately $1.6 million.
For a more information, please visit GreenAngel's website at
www.GreenAngelEnergy.ca, or contact company CEO Bob De Wit at 604-916-3434 or
email bob.dewit(at)greenangelenergy.ca.
While on their site, check out Green Angel's newest tax-advantaged VC
Corporation, designed to invest solely in the most promising Clean Energy
Technology startup ventures in British Columbia. This new company provides
investors with a 30% refundable tax credit.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating, hosting, and distributing financial video content across multiple
platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing three minute videos based on news releases and research
reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 22.06.2012 - 22:29 Uhr
Sprache: Deutsch
News-ID 159261
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