SOURCE: SatMAX Corporation

September 13, 2011 09:24 ET

Green Energy Solution Technologies, Inc. Takes Control of SatMAX Corporation

HOUSTON, TX--(Marketwire - Sep 13, 2011) - -- SatMAX Corporation (PINKSHEETS: SATM) -- Green Energy Solution Technologies, Inc. (GEST), a renewable energy project provider, is pleased to announce that it has taken the controlling interest of SatMAX Corporation, and will be setting out a new direction of the Company. While GEST will later release details on its renewable energy business, shareholders of SATM should know that GEST is involved in a waste to energy project in Alberta, Canada, where it has significant agreements and structure in place for a long-term project under current government grants and support.

The prior management and Board of Directors of SATM resigned while the preferred share control of the Company was received by GEST. New CEO David Chalela stated, "The shareholders of this Company are ours now, and while we know there will be questions, we will show our shareholders the first project that will encompass our new direction for the future."

Chalela was appointed to the Board of Directors along with Gordon McKay of Alberta, Canada. A name change with the State of Nevada has been effected for the Company and appropriate filings will be made.

About GEST

Green Energy Solution Technologies, Inc. is a project developer for renewable energy projects in Canada. Utilizing in dept due diligence, GEST 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. GEST is now a public company with offices in Houston, Texas and Alberta, Canada.

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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