SOURCE: Blue Diamond Ventures, Inc.

Blue Diamond Ventures, Inc.

October 20, 2015 11:30 ET

Blue Diamond Ventures, Inc. to Market Commercial Rooftop Solar Power and Solar Thermal Generation Systems Following Joint Venture Agreement With Technology and Renewable Energy Developer 510 Nano, Inc.

PLANO, TX--(Marketwired - Oct 20, 2015) - Blue Diamond Ventures, Inc. (OTC PINK: BLDV) has entered into a joint venture agreement with 510 Nano, a national solar power company, and Green Power Partners (GPP), a renewable energy company, to provide Commercial Rooftop Solar Power and Solar Thermal Generation Systems. The joint venture is named Your Energy Solution-Solar (YES).

YES-Solar is led by Dr. Reginald Parker, Sr., PhD, and MBA. Dr. Parker holds a BS and Ph.D. in Engineering from MIT and Georgia Tech, respectively, and a MBA from Florida State University. Dr. Parker has led 510 Nano for the past 10 years and has developed new technology and deployed renewable energy power plants on both coasts. Dr. Parker said, "I'm excited to work with BLDV and GPP in delivering hopefully 50 MW of solar power over the next 13 months, and even more thereafter. Our strategy is to use commercial off the shelf to demonstrate the power of solar and then our patent-pending hybrid solar technology toward the 4th quarter of 2016." Parker shared that the hybrid technology offers solar at grid prices without the need for subsidy.

Under the terms of the agreement, Blue Diamond Ventures, Inc. will provide sales and marketing function for the solar systems and will share in the profits of the installation and operations of the facilities. The overarching goal is to offer YES-Solar products and services nationally and internationally to Canada. 

According to the Solar Energy Industries Association report, since 2006, the cost to install solar has dropped more than 73% across the board. The industry expects to see continued growth in 2016, with rooftop solar power generation for commercial businesses finally being recognized as a viable solution to insulate ones enterprise from continually rising energy prices.

Cannabis cultivators use lighting that is 60-times that of an average home. Additionally, the need for electrical power to operate fans for air flow, air conditioning to regulate temperature, plus other vital systems, making the Cannabis cultivation energy intensive. 

"By going Green, Cannabis cultivators can save Green," said Blue Diamond CEO Cleve Tsai Diamond. "YES-Solar is the answer. Our product markets energy solutions through a zero down lease/purchase agreement to Cannabis cultivators and other businesses. The solution is expected to result in 20% savings for the first 10 years, and after purchase, up to 100% savings on their energy bill."

You can learn more about YES-Solar by visiting:

Blue Diamond has other deals in the pipeline and will update the market when warranted.

About us:

Blue Diamond Ventures, Inc. targets companies that share a synergy, mission and vision to provide consumers with products that are produced utilizing fewer natural resources and provide a healthy alternative than current traditional products on the market today. As a diversified customer centric Management / Holding Company; Blue Diamond Ventures, Inc. seeks opportunities globally in various markets and is driven to surpass all expectations in its performance to achieve the pinnacle of success. 

Safe Harbor:

This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.

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