SOURCE: Sebastian River Holdings, Inc.

June 23, 2010 10:27 ET

Vaenza Submits for Current Info Tier Status; Updates Website

SBRH Focuses on Shareholders With Transparency Increase on Horizon of Project Launch

SEOUL, SOUTH KOREA--(Marketwire - June 23, 2010) -  Sebastian River Holdings, Inc. (PINKSHEETS: SBRH) CEO Mr. Sang Gil Oh is pleased to announce that the company is furnishing necessary documentation to OTCMarkets to qualify for Current Info Tier status. "We feel it's important to put these standards in place prior to launching our project as part of a publicly traded entity. It will enable shareholders to view material company information with easy access to Vaenza executives," states Oh. "We expect this to be effected within the next 7-10 days. As per OTCMarket criteria, this will also include our most up to date financials for Vaenza.

The company is also in progress of updating its website to best reflect both current operations and "the immense speculative potential that our technology and its application holds," adds Oh. "Between the financial side of things with OTCMarkets and the product development and application testing results and progress updates via press release and website updates, we feel this will not only be an important move in the clean energy revolution, but also very interesting for the general public to be a part of."

Photovoltaic production has been increasing more than 20 percent each year since the beginning of this new millennium, making it the world's fastest-growing energy technology. At the end of 2009, the cumulative global PV installations surpassed 21,000 megawatts. "Our company plans to specialize in both ground mounted applications, which can also be integrated with farming and irrigation, and building integrated PV (BVIP) energy as well," concluded Oh.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Contacts:
    Sebastian River Holdings, Inc.
    www.vaenza.com
    Investor Relations
    011-82 106369 8114