Greenscape Capital Group Inc.
TSX VENTURE : GRN

Greenscape Capital Group Inc.

April 21, 2011 09:01 ET

Greenscape Appoints Mr. C. Mark Devereux, BA, JD as Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2011) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -

Announcement Highlights:

  • Successfully led a global technology business for the past 10 years
  • Member of the Law Society of British Columbia and a Member of the Canadian Bar Association
  • Executive with a track record of building early-stage businesses into successful operations

Greenscape Capital Group Inc. ("Greenscape") is pleased to announce the appointment of Mr. C. Mark Devereux as Chief Executive Officer and Director.

Mr. Devereux is an experienced business executive with a track record of success. He has developed substantial expertise while guiding the growth of companies through strategic planning, operations, regulatory affairs and technical development. In past leadership positions and via his law practice, he has dealt extensively with planning and acquisition, organizational processes, corporate governance, new media and market entry. In addition to his operational experience growing companies, he has been involved in the acquisition process from the level of identification and due diligence through to completion.

The appointment of Mr. Devereux as Chief Executive Officer comes during a phase within which the company is targeting both organic growth and growth through acquisition. Greenscape's 81.2% owned flagship green parking facility, Canopy Airport Parking which services the Denver International Airport, is now fully operational. Greenscape is now looking to build out a green parking business model on the basis of the experience developed during the Denver construction, start-up and operational processes.

Mr. Devereux is a leader who is passionate about innovation, environmental sustainability, technology and operations. He is a member of the Law Society of British Columbia and a Member of the Canadian Bar Association. Mr. Devereux graduated from Osgoode Hall Law School of York University, Juris Doctor, in 1991 after completing a Bachelor of Arts with Distinction in Political Science from the University of Victoria in 1987. Past experience includes a partnership at Thomas MacDonald Butler, Barristers & Solicitors, President of Mill Reef Holdings, Vice-President, Corporate Affairs for Blue Zone, Inc., and President of English Bay Office Management Ltd.

Bryan Slusarchuk, former Chief Executive Officer of Greenscape, will remain as a Director and in a leadership role with the company but will concentrate efforts on activities relating to capital markets, financing and market awareness. Mr. Slusarchuk states, "It is with great pleasure that we announce the addition of Mr. Devereux to Greenscape as Chief Executive Officer. Greenscape has clearly moved past the conceptual stage, with the flagship model at Denver constructed ahead of schedule, on budget and fully operational. Now, it is time for an experienced operational leader like Mr. Devereux to join the team to leverage our venture-stage success. Mr. Devereux has the track record, business acumen and expertise to take the company to the next level."

In addition to the announcement of Mr. C. Mark Devereux as Chief Executive Officer and Director, Greenscape is pleased to report it has closed the first tranche of the equity financing announced by the Company on April 4, 2011 by issuing 900,000 units at $0.25 per unit for total gross proceeds of $225,000.00. Each unit consists of one common share and ½ share purchase warrant with each whole warrant convertible into common shares of the Company at $0.35 for a 24 month term. In the event the closing price of the Company's common shares on the TSX Venture Exchange is at least $0.75 for ten consecutive trading days at any time following four months from the date of Closing, the Company may reduce the remaining exercise period of the warrants to not less than 30 days from the date of providing notice of the reduced exercise period.

The units are subject to a regulatory 4 month hold period expiring 4 months from the date of closing.

Finder's fees of $9,000.00 and 90,000 broker warrants have been paid on the first tranche of the financing.

About Canopy Airport Parking

Canopy Airport Parking, a 4200-space parking facility at 8100 Tower Rd., Commerce City, Colo., opened in mid-November, 2010. Canopy Airport Parking offers customers indoor valet, covered self-parking and open air parking, each delivering a heightened customer experience. Canopy Airport Parking will serve as a practical demonstration of multiple advanced environmentally friendly technologies to help convey the message that doing it right provides a better return for all stakeholders, especially the local community who will benefit from its environmental benefits and employment (www.canopyairportparking.com).

About Greenscape

Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When marked opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals (www.greenscapecapital.com).

ON BEHALF OF THE BOARD

Bryan Slusarchuk, Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, no assurance can be made that the Company's plans to build out a green parking business model on the basis of the experience developed during the Denver construction, start-up and operational processes will be realized.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information