$GESI financing looking REAL good!!!!!!
http://money.cnn.com/news/newsfeeds/articles/...862593.htm
Green Energy Solution Industries, Inc. (PINKSHEETS: GESI) recently announced their partnership with InREFCo, and is now pleased to announce that based upon preliminary examination of GESI's waste-to-energy project InREFCo believes GESI's Alberta Energy Project will qualify for a number of financing options. In addition to the incredible technology InREFCo provides they also present a brilliant array of financing options. InREFCo has made funding options for numerous other projects including: $10,000,000 high- tech, hydroponic food production facilities, $90,000,000 industrial and hazardous waste disposal facility, and a $600,000,000 waste-to-energy facility disposing of multiple waste streams and mining an old landfill.
InREFCo offers environmentally conscious companies Power Purchase Agreement (PPA) loans, hard money loans, bridge loans, debt or equity loans and 100% PPA Financing for any project or company with investment grade entities that qualify. The investment grade entity may be a governmental agency, local municipality, feedstock provider, off-taker power purchaser, O&M or technology provider, Contractor, JV Partner, etc. This lending is based on the credit of the investment grade entities involved. It is not project specific, but credit worthy specific. Given the expectation of a PPA for GESI based upon its expected energy output capacity, such financing seems promising for the waste rail ties to electricity project in Alberta.
GESI should benefit from InREFCo's varied strategic funding programs to get projects the funds they need depending on their unique strengths. With no-cost feedstock, GESI seems well positioned for not only a PPA and other revenue sources, but for a number of financing scenarios that are not intended to impact the equities of the Company.
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.
