GESI Enters Second Phase With Two $45M Funders for 200 Ton Per Day Waste Energy Project
VANCOUVER, BRITISH COLUMBIA, Jun 8, 2012 (Marketwire via COMTEX) -- Green
Energy Solution Industries, Inc. (PINKSHEETS:GESI) announces the Company has
progressed into due diligence phases with two introduced funding sources for the
provision of the previously announced $45 million dollars being sought for the
build out the 200 ton per day energy production facility from waste rail ties in
Alberta, Canada. InREFCo has made progress for GESI by not only introducing the
two financing entities that have entered into negotiated terms for the project
partnership, but other alternative energy investment sources who are seeking to
back the project. InREFCo's first two funders are now in the due diligence phase
for the project financing over long term projected revenue streams. The funding
through all the introduced firms has been based on 5 to 10 year project pro
formas where the energy revenues will pay for build out expenses from expected
conservative existing energy revenue pricing. The build out of the facility will
be done in phases including site engineering and construction. GESI and InREFCo
are positive as to the funding availability under favorable terms, given the
revenue projections of the 200 ton per day project utilizing waste rail ties as
the energy source.
InREFCo has taken the Company from introduction to financing sources, and has
now brought GESI to the due diligence phase for funding of a plant build out.
The negotiated funding sources brought to GESI by InREFCo, will avoid
underwriting issues, and be more flexible than traditional energy based power
facility financing, with payoffs based on expected larger energy rates for the
electrical or fuel market prices available given the global and North American
economies. InREFCo has a solid history of funding successes, that enhances
GESI's ability to finalize and carry out the funding of the waste rail tie to
energy project. The Company's projections of revenue for the 200 ton per day
plant fully and completely support such commercial financial pro formas of
funding payment schedules.
GESI had previously announced that InREFCo was bringing the Company into the
financing of the alternative energy plant. InREFCo has worked diligently with
GESI, through CEO Gordon MacKay through the process, and expect a series of
final terms to choose from for the backing of the project. As well InREFCo has
made numerous introductions for the technology selection and now GESI expects
that given the momentum of negotiations, that a final selection for financing
could be within thirty to forty five days.
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
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.
Or is that a surge? With all the Santorum jokes I'm scared to think of the word surge anymore. 
