Greenscape Capital Group Inc.

Greenscape Capital Group Inc.

November 30, 2010 13:47 ET

70% Cost Savings Predicted at Greenscape's Canopy Airport Parking in Denver, Colorado

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2010) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -

Announcement Highlights:

  • analysis completed by Architectural Energy Corporation of Boulder, Colorado
  • wind, solar, geothermal, mechanical systems and building efficiencies contribute to savings
  • study shows that going green can lead to increased bottom line

Greenscape Capital Group Inc. ("Greenscape") is pleased to report on a study received from Architectural Energy Corporation ("AEC") relating to the projected cost savings resulting from the green design features incorporated at Canopy Airport Parking ("Canopy") which is a large 4,200 stall parking facility servicing the Denver International Airport.

When completing the analysis, AEC compared Canopy to a baseline model facility having none of the efficiency components that Canopy has installed. AEC used eQuest (DOE – 2.2) building energy analysis software to complete this building analysis. The building envelope, occupancy schedule, internal heating systems, wind, solar, geothermal, and mechanical systems were all evaluated as part of this study.

AEC has determined that the Canopy facility has projected total cost savings of 70% versus an ASHRAE (American Society of Heating, Refrigeration and Air Conditioning Engineers) baseline building.

The 70% total cost savings projected result from wall and roof insulation, mechanical system types, ground loop heat pumps that have an energy recovery system, lighting densities, and the integration of solar and wind energy sources along with geothermal heating and cooling.

Greenscape CEO, Bryan Slusarchuk, states, "Greenscape's intent is to work with Propark to use Denver as a model for future green parking developments throughout North America. The study by AEC shows that making more responsible environmental decisions when constructing these facilities not only provides good marketing opportunities but also can provide very significant bottom line performance via cost savings. Canopy is the first parking lot of its kind anywhere in the world, it's a demonstrator site for green parking in the United States and we firmly believe that this type of lot is the facility of the future in the parking industry. Canopy is setting a new standard and as first movers in this space, along with our partners at Propark, we couldn't be more pleased with the results of this AEC study."

About Canopy Airport Parking

Canopy Airport Parking, a 4200-space parking facility at 8100 Tower Road, Commerce City, CO opened for business and commenced operations in November 2010. Canopy Airport Parking offers customers indoor valet, covered self-parking, and open air parking, each delivering a heightened customer experience. Canopy Airport Parking will serve as a practical demonstration of multiple advanced environmentally-friendly technologies to help convey the message that doing it right provides a better return for all stakeholders, especially the local community who will benefit from its environmental benefits and employment.

About Propark

Propark America is one of the nation's leading parking companies, providing sustainable parking management and parking-related real estate services across the country. Founded in 1984, Propark has successfully merged green, environmental ideals into daily operations, while preserving the company's entrepreneurial spirit and unique culture of creative innovation. Propark's corporate ethos and growing portfolio of diverse properties are transforming the parking industry's approach to sustainable design, development and operations.

About Greenscape

Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When marked opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals.


Bryan Slusarchuk, CEO and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding certain future events. 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. In particular, savings described in this news release are projected and there is no assurance these savings will be realized.

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.

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