- Four New Corporate Clients with a Combined 11 Commercial Facilities
- Over 1.3 Million Square Feet of Commercial Space Under Contract
- Work Starts Immediately With Assessments Completing in January 2010
VANCOUVER, Dec. 8 /CNW/ - Greenscape Capital Group ("Greenscape") is pleased to announce that its environmental retrofitting company, Green.Switch Capital* ("Green.Switch"), has signed new contracts with four high-profile corporations in British Columbia, Canada to provide environmental assessments of their facilities.
The eleven individual facilities being assessed have over 1.3 million square feet of combined commercial space. The four companies that have entered into these agreements with Green.Switch have combined Canadian assets in excess of $1.1 billion and are leaders in their respective market fields.
The assessment work has commenced and will be fully complete by the end of January 2010. Green.Switch is assessing the operations of all eleven facilities relative to implementations of lighting redesign, geothermal heating and cooling, new HVAC systems, and new monitoring systems.
Energy-retrofitting of all eleven facilities would lead to projected new revenues to Green.Switch of approximately $26 million, payable to Green.Switch over time as energy savings are realized.
Pending successful assessment work that quantifies substantial cost savings through energy efficiencies, Green.Switch will work with the four individual companies to establish implementation of the retrofits and monitoring strategies.
*Greenscape Capital is in the process of acquiring Green.Switch. Details on the transaction can be found within Greenscape News Release dated November 5th, 2009.
A Vancouver based company created to provide commercial upgrade solutions for businesses seeking to green their operations by reducing energy costs. Green.Switch is a full service company, commencing with the assessment of client issues and infrastructure and evolving into consulting, project design, capitalizing improvements, attaining government incentive grants where applicable, contracting, installation and monitoring.
The company has retained outstanding professional expertise in property assessment, energy sources, carbon offsets and "green" branding - both in-house and outside consultants and contractors. Green.Switch's mission statement is to promote and successfully demonstrate turnkey energy saving solutions for businesses at no net cost to them, which are financed through the energy savings.
About Greenscape Capital
Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Most notably, Greenscape Capital operates Green.Switch, a full service eco consulting and energy retrofitting company. Green.Switch provides tangible solutions for businesses to green their operations and reduce energy costs. When marked opportunities arise, Greenscape also invests in other companies of the eco-consumer space, providing strategic capital and business advisory services to assist these companies in achieving their environmental and corporate goals.
ON BEHALF OF THE BOARD
CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Green.Switch's future revenues and contracts. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
SOURCE GREENSCAPE CAPITAL GROUP INC.
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