GS Enviroservices Signs Carbon Credit Deal With GEC Organics Corp.
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 07/31/13 -- GS Enviroservices, Inc. of San Diego California (OTCQB: GSEN) has entered into a strategic partnership with Green Giant Venture Fund ("GGVF") for the purpose of developing carbon credit projects in the United States and abroad. GGVF is a highly respected and well-known firm that has been active in the development of carbon credit projects domestically and internationally for 10 years.
The first transaction for this new business combination is with GEC Organics Corp. of Castleberry Alabama ("GECO"). GECO operates a 70-acre facility, which is believed to be one of the largest organic compost facilities of its kind in the US. "We are very happy to be signing GECO as our first client in the GS Enviroservices/GGVF partnership," stated Grant Galloway of Green Giant. "The potential size of the carbon credit sales for this operation will result in fees for GS Enviroservices/GGVF of approximately $2,300,000 for this single contract."
"GECO's Alabama location will bring significant revenue to GS Enviroservices, but it is only a beginning. GECO has a second facility in Hawaii being developed and 2 more locations in the Southeast under consideration. Capital for the development of these 2 new sites has been arranged by GECO and will be offered to us as additional Carbon Credit projects. Further, our focus with Green Giant in the organic compost market overall has already resulted in inquiries from carbon credit producers indicating good opportunities for expansion in this space. As I like to say, the carbon markets are an important building block for a sustainable economy," added Mr. Simmons.
About GS Enviroservices, Inc.
GS Enviroservices, Inc. (GSEN) is a public company focused on technology for sustainability. They operate two divisions including San Diego Loves Green and The Green Solutions Group. San Diego Loves Green is a news source for green business in the San Diego area. Green Solutions Group seeks participation in the launch and widespread adoption of technology and services that advance sustainability.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
For more information please visit us online:
GS Enviroservices, Inc.
677 7th Avenue
San Diego, CA 92101
(866) 862-8540
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Datum: 31.07.2013 - 14:00 Uhr
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News-ID 283452
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