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

November 02, 2011 09:29 ET

GESI Energy Plant Technologies Narrowed to Three Major Providers to Achieve $15,000,000 Targeted Revenues

HOUSTON, TX--(Marketwire - Nov 2, 2011) - Green Energy Solution Industries, Inc. (PINKSHEETS: SATM) announces that its search for commercially proven technologies to produce energy from its source of waste railway ties to be the most efficient systems for providing electricity production. Available technologies for breaking down the wood waste such as rail ties, has been narrowed to three providers. All have commercial sized plants operable utilizing wood waste to energy production. GESI is on track to go through the process of selection from these proven providers in order to achieve the targeted annual revenue of $15,000,000. The Company expects to achieve a technology selection which could substantially be paid for under available energy credits of up to $5 million annually from Alberta Energy for energy outputs of renewable plants.

Available technologies include proven pyrolosis systems and boiler systems for the creation of energy. "The technologies and companies being examined by GESI represent solid proven systems that must meet demanding proven real world production abilities over the long term. When we make the selection of the technology, we know that it will supply energy from our Alberta location for many years," stated CEO Gordon MacKay.

The breakdown of the rail ties is already accomplished on site from the normal processing at the location by GESI's partner company, On Track Railway Servicing. The ability to use the small chips of creosote soaked rail ties for energy creation makes for a predictable energy output for the chosen technology. GESI is now entering into an agreement for engineering selection for project oversight. Then it will be ready for funding source presentation for the overall project funding for its Alberta site plant.

About GESI
Green Energy Solution Industries, Inc. 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 offices in Houston, Texas and 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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