SOURCE: Gold River Productions, Inc.

May 24, 2011 09:15 ET

Gold River Productions Inc. (GRPS-Pink Sheets) Reports Discussions With Potential World Home and Monolithic P.V. Solar Roof System Distributors

SALT LAKE CITY, UT--(Marketwire - May 24, 2011) - John Ohlin, President/CEO of Gold River Productions (PINKSHEETS: GRPS) and its wholly owned subsidiary, AeroQuest Technologies, reported today that the company is in discussions with a group of builder/developers of residential real estate for licensing rights to its World Home and Monolithic, P.V. Solar Roof System (patents pending).

"This group of residential developers owns approximately 3,000 building lots in two developments in the south east and south west U.S. They have plans to develop them as the most 'green' and energy efficient homes in the world. Terms of the license are currently being discussed but will include besides the license fee and exclusive territory, three to six prototype model homes for the two developments," Mr. Ohlin reported.

"The license will be exclusive for specific geographic areas and the license fee will provide the company with the necessary capital to begin production of these two products as well as our one-piece pontoon boat decks. The proposed World Home model houses that these developers are considering will be between 2,000 to 3,000 square feet in size. When coupled with our recently announced hiring of a World Home/Solar roof manager, these licenses when signed, will give our company a great start with potential annual sales in excess of $10 - $15 million dollars per year," Mr. Ohlin stated.

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Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing and other risks.

Contact Information

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    Mr. John Ohlin