SOURCE: Building Turbines, Inc.
AUSTIN, TX--(Marketwired - Sep 17, 2013) - Building Turbines, Inc. (PINKSHEETS: BLDW), through Green City Planet, a fully owned subsidiary of Building Turbines, Inc., is pleased to announce that after successfully engaging in several wind, solar and LED lighting projects, which have opened tremendous new revenue streams for the company, and have verified their business model for becoming a one stop shop for all urban Green Energy Solutions; Building Turbines has secured a five million dollar line of credit through, Sirius Green Solutions, Inc. The access to these funds will allow for the increase in current sales and distribution of wind turbines, solar and LED lighting; granting Building Turbines, Inc. the working capital necessary, to secure all product and equipment necessary to fulfill large orders that they have in process, with commercial customers, governmental agencies, and state and municipal entities.
The company has experienced encouraging success in its initial bidding, fueled by rapid feedback in its channel development. Out of the estimated eight billion dollar LED market; Building Turbines is in various stages of bidding, signing and installing over 16 Million dollars in government and municipal contracts that they have identified, with plans of bidding on, and securing hundreds of millions of dollars more. These bids for securing private, governmental and municipal entities are being processed with rapid submittal and awards notifications. Building Turbines, Inc has already secured a variety of Approved Vendor listings; including, but not limited to, The Federal Government, State of Texas, Harris County and The City of Houston. The submission process to become Approved Vendors for other companies, cities and states, is also currently being undertaken. Any future bid submittals will automatically carry the Approved Vendor Status for that region or company.
"The addition of the $5M Line of Credit, will allow us to install our backlog of LED lighting projects, in parallel, and secure much larger projects, continuing to increase the inflow revenues, which allow for continued expansion into all areas dealing with urban Green Energy Solutions. We believe that this is just the tip of the iceberg, and as government agencies convert from the old florescent tube lights, to new LED lighting systems, these numbers will dramatically increase," stated John Graham Sr., CEO of Building Turbines, Inc.
We would like our shareholders to be informed as to the development of these projects and others like them, and will be updating new awards, through our press releases and websites.
About GREEN CITY PLANET: www.greencityplanet.com
Green City Planet is premier provider of LED lighting and environmentally sound industrial solutions, and is a wholly owned subsidiary of Building Turbines Inc. (PINKSHEETS: BLDW).
About BUILDING TURBINES, Inc: www.buildingturbines.com
Based in Austin, Texas, Building Turbines, Inc. is focused on the design and manufacture of patented rooftop wind turbines; as well as, vertically integrating into other renewable energy solutions to complete a total Green Energy Solution for any urban environment.
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The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.