News Releases
Apr 17, 2008 San Diego, CA - April 17, 2008 - Global Green Solutions Inc. has acquired 100% ownership of its subsidiary, Global Greensteam LLC, through the purchase of outstanding shares owned by The Onix Corporation. Under the terms of the agreement, GGRN also obtained the technology rights to manufacture the Onix cyclonic burners and dryers utilized in Greensteam projects. Global Greensteam is a renewable energy system that produces steam and electrical power using waste biomass as a fuel source. Global Greensteam LLC recently signed a contract with Aera Energy LLC, one of California's largest oil and gas producers, to construct a Greensteam unit in an Aera oilfield, with an additional nine units to be installed over a three-year period. The units will generate steam, which is currently produced from natural gas. The steam will be purchased by Aera for enhanced oil recovery operations. Global Green Solutions Inc., www.globalgreensolutionsinc.com develops and implements ecotechnology solutions for renewable energy and reduction of greenhouse gas emissions. Global Green Solutions Inc. is a U.S. public traded company (GGRN:OTCBB, Cusip 37947A105) with offices in Vancouver, San Diego, El Paso, New York, London, Brussels and Johannesburg. Investor Relations North America Halsey Johnston 604-606-7967 or 866.408.0153 haljohnston@globalgreensolutionsinc.com Europe, Middle East and Africa Shaun Brown Innovator Capital Limited +44.207.297.6840 shaun.brown@innovator-capital.com Media Relations Nancy Tamosaitis Vorticom Public Relations 212.532.2208 Nancyt@vorticom.com Safe Harbor for Forward Looking Statements: Except for historical information contained herein, the contents of this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission. If you wish to be taken off the email list for further news release and updates from Global Green Solutions Inc., please respond back to this address with the word remove in the subject line, thanks. | |
