SOURCE: Gold River Productions

March 30, 2011 09:15 ET

Gold River Productions Inc. (PINKSHEETS: GRPS) Forecasts $30 Million in Revenue per Month With Its Patent Pending P.V. Solar Roof

SALT LAKE CITY, UT--(Marketwire - March 30, 2011) - John Ohlin, President and Chief Executive Officer of Gold River Productions (PINKSHEETS: GRPS) Inc. commented today that "we are preparing to file our (U.S. Patent Pending) Photo voltaic (P.V.) Solar Roof patent, on a world-wide basis. 'Green' technology is embraced much more in Europe than here in the U.S and will be a great market for our technology.

"Our patent pending technology will allow roof sections with integrated P.V. to be installed that are capable of a 60' free span. These roof sections will come with a minimum of R-42 insulation value and require no further roofing or insulating materials be added. Our roofing system is a one step process that eliminates the multiple steps of framing, sheeting, roofing, insulating and installing P.V. panels. Currently, the P.V. cells to be used are capable of producing 13 watts of power per hour per square foot and are integrated into the exterior skin of the monolithic, structural, insulated roof section.

"The U.S. market alone for this product is huge. At the end of the third quarter of 2010, $2.4 trillion dollars of commercial and civil construction (the major market for our roof systems) was in the 'post bid' phase according to The roof portion of the construction is between 5% - 10% of the total construction cost depending on a variety of factors. Our P.V. solar roof sections will be produced on laminators which can produce in excess of one million sq. ft. of roof section per month; generating potential revenue of over $30,000,000 per month."

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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