GreenAngel Energy Corp.
TSX VENTURE : GAE

GreenAngel Energy Corp.

December 08, 2009 09:59 ET

GreenAngel Energy Announces New Contracts and Company Updates

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2009) - GreenAngel Energy Corp. (TSX VENTURE:GAE) is pleased to announce the following progress from its investments in Rapid Electric Vehicles Inc., Paradigm Environmental Technologies Inc. and DPoint Technologies Inc.:

Rapid Electric Vehicles ("REV"), which produces a complete system to convert existing combustion automobiles to zero-emission, electric vehicles, announced the City of Santa Monica CA as its first US-based, fleet customer. According to Rick Sikes, fleet superintendent from the City of Santa Monica, the City selected REV "because they have produced a high-quality conversion and they are leading the way with innovative, economical and eco-friendly solutions to help move fleets toward zero emission". REV is encouraging municipalities that want 100-percent electric fleet vehicles to join their Co-Development and Launch Partner Program, which combines individual municipal orders into larger orders that will save nearly 30 percent of pre-production costs. (www.rapidelectricvehicles.com)

Paradigm Environmental Technologies, whose Microsludge process and modular solution dramatically increases the "digestion" capacity of waste treatment facilities, has now received an initial payment from Metro Vancouver for an installation at the Lulu Island wastewater treatment plant near Vancouver, BC. In order to have this unit fully fabricated, tested and ready for delivery by mid 2010, Paradigm has entered into a new lease for a 5,500 square foot facility which is a major step towards fulfilling the order from Metro Vancouver, as well as orders from future customers. (www.paradigmenvironmental.com)

DPoint Technologies recently received orders for 2,500 fuel cell humidifiers from a European fuel cell company for auxiliary power use in recreational vehicles. DPoint also recently received an order for 200 Energy Recovery Ventilator (ERV) cores from a North American ERV System company for use in residential building ventilation systems. Combined, these two contracts give DPoint revenue equal to almost 90% of 2008 sales. (www.dpoint.ca)

About GreenAngel Energy

GreenAngel Energy Corp. is a green energy technology company. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also work with companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. In addition to providing strategic capital to investee companies, GreenAngel also provides business and advisory services to help ensure these companies achieve commercial success. For more information, please visit www.greenangelenergy.ca.

ON BEHALF OF THE BOARD
Mike Volker
President and Director

Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the TSX Venture Exchange. 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.

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.

Contact Information