SOURCE: Gold River Productions, Inc.

May 25, 2011 09:15 ET

Gold River Productions Inc. (GRPS-Pink Sheets) Reports It Has Begun the Bidding Process to Provide Panels for Composite Housing in South America

SALT LAKE CITY, UT--(Marketwire - May 25, 2011) - John Ohlin, President/CEO of Gold River Productions (PINKSHEETS: GRPS) and its wholly owned subsidiary, AeroQuest Technologies, reported today that the company has begun the bidding process with a customer who has several large projects being bid including more than 10,000 housing units to be shipped to South America.

The presses, from which the panels will be made, are 60' X 10' in size and are the largest presses of their type in the world. The customer can only build panels that are 4' X 20' and is asking Gold River Productions to bid on larger sized panels due to the size of the housing they will be supplying to their customer. Typically, the panels will be used for the exterior walls and roof. The contract for the 10,000 units, when realized, will provide potential revenue to the company in excess of $150,000,000 over the duration of the contract.

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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

  • Contact:
    Mr. John Ohlin