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

October 11, 2011 09:45 ET

GESI Targets $15 Million Annual Green Energy Project With Alberta Energy and On-Track Technologies

HOUSTON, TX--(Marketwire - Oct 11, 2011) - (PINKSHEETS: SATM) Green Energy Solution Industries, Inc. (Currently Trading as OTCPK: SATM) has projects that it has certain targeted projections for revenues from base energy production. GESI projects that the electrical generation or power revenue from the plant can exceed $15 million (CAD) annually, with projections of potential $4 million annually in profit. GESI began the project after a grant award from Alberta Energy. GESI then secured the feedstock of waste rail ties in a long term contract, then locked up the necessary land for placement of the waste to energy plant in a strategic location with a railway servicing company. GESI is now contracting for engineering control and for technology selection for the plant for build-out in 2012. With kilowatt pricing exceeding $.10 per kilowatt hour, the ability to make a 20 megawatt power facility is a project goal of the Company.

With a control and lock up of a feedstock source which secures up to 1,500,000 rail ties per year as feedstock in a long term contract of supply, GESI has secured a truly renewable source of feedstock which is not a commodity or food source, and is constantly available and completely renewable each year. In Alberta alone, there are over 7,900 route-kilometers (4,900 miles) of railway track. In all of Canada there are 48,068 route-kilometers (29,868 miles) of railway track. Each kilometer of track has over 1800 rail ties (3000 per mile). Over 90% of all ties are wood, with a weight of 90 kilograms (200 pounds) per tie, and a useable life of approximately 20 to 25 years per tie.

GESI received a grant from Alberta Energy which it utilized to plan out the utilization of feedstocks and selection. Then, GESI entered into the feedstock contract with an industry leader in the rail industry, On-Track Technologies of Alberta, Canada.

"Our concentration is now selection of the technology we will use, and the choices we have are abundant. Technology providers will have to be proven, with commercial success to be selected to break our ties down into the energy we choose to select," stated David Chalela, CEO of GESI.

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

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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