SOURCE: Green Energy Solution Industries, Inc.; SATMax Corp.

March 01, 2012 09:28 ET

GESI Announces Agreement With InREFCo for Technology for 200 Tons/Day Waste to Energy Plant and Announces Name Change Approval

VANCOUVER, BC--(Marketwire - Mar 1, 2012) - Green Energy Solution Industries, Inc. (PINKSHEETS: SATM) CEO Gordon MacKay was on StockTraderTalk Radio on February 29th and announced that the Company has entered into agreements with International Renewable Energy Facilitation Company ("InREFco") for provision of a gasification technology for GESI's waste railroad tie to energy project in Alberta, Canada. InREFco and GESI entered into the management letter of intent that sets out that InREFco will provide the technology base through their providers for a 200 ton per day electrical generation facility. InREFco has financing and engineering ability sources and has drastically reduced possible start-up costs. To learn more about InREFco technologies please visit: http://www.inrefco.com/

CEO Gordon MacKay also announced that the Company is currently seeking power purchase agreements with different sources in Canada for the sale of the electricity.

As well the Company has received FINRA approval for the name and symbol change. The Company will now be known as Green Energy Solution Industries, Inc. and will be advised of the new symbol by FINRA for effectiveness on the market. The Company will announce the new symbol as soon as FINRA makes such advisement.

GESI Green Energy Solution Industries, Inc.
GESI is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects. GESI is now a public company with administrative offices in Houston, Texas and operations in Alberta, Canada. For More Information on GESI see the web site at www.gestechnologies.com

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans,"" projected," "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.

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