Press release from TheNewswire.ca
Viridis Energy Adds Renewable Energy Executive to its Board of Directors New board member oversees Abellon’s Clean Energy and Sustainable Development initiatives in the Americas Region
Wednesday, December 14, 2011
Viridis Energy Adds Renewable Energy Executive to its Board of Directors New board member oversees Abellon’s Clean Energy and Sustainable Development initiatives in the Americas Region09:27 EST Wednesday, December 14, 2011(via Thenewswire.ca)
Vancouver, BC - December 14, 2011 - Viridis Energy Inc.
("Viridis" or the "Company") (TSXV: VRD) (OTC:
VRDSF.PK) a "Cleantech" manufacturer and distributor of
alternative energy providing biomass fuel to global residential and
industrial markets, today announced that Vivek Rastogi, Vice President
of Abellon Energy, Inc. ("Abellon") has joined its board of
directors.
Viridis and Abellon entered into a strategic alliance in August 2011
in which the two companies agreed to collaborate on the procurement
and supply of wood pellets and the proposed development of a
production facility in Monte Lake, BC. As part of the strategic
agreement, Abellon also agreed to make a direct investment into the
Company through participation of up to 10 percent of the private
placement the Company announced on December 2010, the terms of which
were amended in June 2011.
Mr. Rastogi joined Abellon & its group companies in 2002 and is
presently based in Vancouver, BC where he oversees the company's Clean
Energy business and Sustainable Development initiatives in the
Americas region. Upon earning graduate degrees in science, software
and post graduation in management from India, Mr. Rastogi embarked on
a career in business strategy, creating and managing business ventures
and international business across several developed and emerging
economies. His industry experience includes life sciences, clean and
renewable energy, agri-sciences, engineering and building construction
materials, food and beverage, and information technology.
Commenting on Mr. Rastogi's appointment, Christopher Robertson,
Viridis's CEO, said, Vivek adds a new dimension to our board of
directors. His diversified background in business development and
renewable energy resources will support Viridis' expansion strategy
into overseas markets. His direct involvement in Abellon's renewable
biomass energy endeavors should prove invaluable to Viridis as we add
alternative bio-waste fuel sources to our product line."
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|Company Contact: |Investor Contact: |
|� �Michele Rebiere |� �Yvonne L. Zappulla |
|� �Chief Financial Officer |� �Managing Director |
|� �Viridis Energy Inc |� �Grannus Financial |
|� �905-847-5226 |Advisors, Inc. |
|� �investorinfo@viridisenergy.ca|� �212-681-4108 |
|� |� |
| |�Yvonne@GrannusFinancial.com|
| |� |
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About Viridis Energy Inc.
Viridis Energy Inc. (TSXV: VRD) is a publicly traded,
"Cleantech" alternative energy company specializing in the
agricultural and wood waste biomass. Located in Vancouver, B.C.,
Viridis Energy operates Cypress Pacific Marketing and Okanagan Pellet
Company, two acquisitions in the wood pellet sector, thus providing
the company with vertical integration for distribution and
manufacturing.
For more information on Viridis Energy Inc. please refer to the
company website at www.viridisenergy.ca.
Forward-looking Statements
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the Company's
future operations. 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.
These forward-looking statements reflect management's current views
and are based on certain expectations, estimates and assumptions which
may prove to be incorrect. A number of risks and uncertainties could
cause our actual results to differ materially from those expressed or
implied by the forward-looking statements, including: (1) a continued
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties associated with the
demand for biofuels, (3) the risk that the Company does not execute
its business plan, (4) inability to finance operations and growth (5)
inability to retain key management and employees, (6) ; an increase in
the number of competitors with larger resources, and (7) other factors
beyond the Company's control. These forward-looking statements are
made as of the date of this news release and the Company intends to
update such forward looking information in the Company's MD&A in
the event that actual results differ materially from such
forward-looking statements contained herein. Additional information
about these and other assumptions, risks and uncertainties are set out
in the "Risks and Uncertainties" section in the Company's
MD&A filed with Canadian security regulators.
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 release.
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