VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2012) - GreenAngel Energy Corporation ("GreenAngel") (TSX VENTURE:GAE) reports that investee company dPoint Technologies Inc. (www.dpoint.ca) has secured an investment of 3.5 million dollars from a strategic lead investor.
dPoint develops novel polymer membranes and energy recovery devices that significantly improve the energy-efficiency of Heating, Ventilating and Air-Conditioning ("HVAC") systems used in buildings. The proceeds will be used primarily for expanding sales and R&D activities, as well as providing additional working capital.
GreenAngel currently holds 448,454 shares in dPoint. The financing was completed at a higher valuation than previous financings and continues to grow the value of GreenAngel's holdings in dPoint.
James Dean, CEO of dPoint comments, "This financing gives recognition to our early market wins and will help fuel the next generation of innovation that will extend the market advantage our technology."
Michael Volker, Chairman of GreenAngel comments, "dPoint continues to grow steadily and we believe this strategic investment represents another important milestone as they commercialize their products into the market and realizes value for GreenAngel investors."
About GreenAngel Energy
GreenAngel Energy Corp. is the first publicly traded company that invests solely in emerging private green technology companies. We provide an avenue for public investors to gain access to a portfolio of the most promising angel-stage investments across a spectrum of green technology sectors. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also work with companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. In addition to providing strategic capital to investee companies, GreenAngel also mentors and advises investees to help ensure these companies achieve commercial success. The firms include Delaware Power Systems, Light-Based Technologies, Habitat Carbon Assets, Rapid Electric Vehicles, DPoint Technologies, and Paradigm Environmental Technologies. For more information, please visit www.greenangelenergy.ca.
ON BEHALF OF THE BOARD
Bob de Wit, CEO and Director
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