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

January 31, 2012 09:28 ET

Green Energy Solution Industries, Inc. Announces Final Stages of Negotiations for Plant and Financing Agreements

VANCOUVER, BC--(Marketwire - Jan 31, 2012) - Green Energy Solution Industries, Inc. (PINKSHEETS: SATM) proudly announces that they are in the final stages of negotiations to guarantee plant construction and cement 100% financing for their waste-to-energy plant. Thus far the company has outlined their plans to develop and sustain the rail-tie-to-energy plant in Canada. The final steps of negotiations will guarantee 100% of the money necessary to both begin construction on the 200 tons per day processing plant and finalize projected profits, revenues, and budgets for the upcoming projects. These negotiations will also put a solid time-frame on construction. The results of these negotiations will also be announced in the near future.

With an estimated 1.5 Million combined railway ties which could be provided by Canadian National Railway and Canadian Pacific Railway the plant would be well underway to process them and reach their goal of producing 12-15 Megs of electricity.

CEO Gordon MacKay states, "It has been a long time coming that we finalized all of our plans to turn waste into renewable energy for Canada; however the completion of our negotiations signals GESI reaching many goals. We can now begin plans for construction which will create numerous jobs and plan more solidly for our entry into the highly lucrative carbon credit industry. Finishing the present plans would truly represent a tipping point in our company business plans where we could move from speculation into the realm of action."

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 operations in 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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