Greenscape Capital Group Inc.
TSX VENTURE : GRN

Greenscape Capital Group Inc.

November 26, 2010 11:43 ET

Greenscape Appoints Robert Geisthardt, CA as Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2010) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -

Announcement Highlights:

  • Chartered Accountant previously employed by Ernst & Young LLP
  • significant experience in energy sector including at British Columbia-based Powerex Corporation
  • extensive public company experience including Chief Financial Officer positions and directorships

Greenscape Capital Group Inc. ("Greenscape") is pleased to announce the appointment of Mr. Robert Geisthardt, Chartered Accountant, as Chief Financial Officer for the company. Mr. Geisthardt has had a distinguished financial career that has included employment at the international accounting firm Ernst & Young LLP. Mr. Geisthardt has served as the Chief Financial Officer for multiple public companies where he has developed significant expertise in financial planning, financial reporting and the management of financial risk. He has also served as a Director of multiple public companies, tenures which have included audit committee experience in leadership roles.

In addition to his financial background, Mr. Geisthardt possesses expertise in the energy markets. He is currently employed in the energy trading division at Powerex Corporation where he is responsible for buying and selling electricity throughout the entire WECC (Western Energy Coordinating Council) including California and MAPP (Mid-Continent Area Power Pool) in real time. With his energy trading background comes significant knowledge of renewable energy industry dynamics including wind and solar. Mr. Geisthardt is also a partner at Quantum Advisory Partners LLP, which is a Canadian-based firm that provides advisory services to North American public companies. He has a Bachelor of Science Degree in Mathematics from the University of Victoria in British Columbia (1998) and has a Chartered Accountants (CA) designation from the British Columbia Institute of Chartered Accountants (2002).

Bryan Slusarchuk, CEO, states, "Earlier this week, Greenscape announced the opening of our 4,200 stall green parking facility in Denver at the Denver International Airport. The Denver facility, which will serve as a flagship and model for future green parking builds, incorporates solar, wind, and geothermal energy sources into the design. In addition to his financial expertise as Denver starts to generate significant targeted cash flow, we also look forward to the contributions Mr. Geisthardt can make to the company resulting from his significant experience in the clean energy sector."

Greenscape will use Denver as a financial and environmental model to target other such new builds throughout North America and will also use the technologies employed at the Denver facility within energy retrofits of existing parking facilities.

Mr. Geisthardt replaces Mr. Paul Plater as Chief Financial Officer, effective December 1, 2010. Greenscape thanks Mr. Plater for his contributions as the Chief Financial Officer of Greenscape during the company's early growth. Mr. Plater's vision, expertise and commitment during the initiation, funding, and construction of Greenscape's green parking project at Denver is appreciated.

Ms. Tina Hofer, Greenscape Director, has resigned from the Board. Greenscape thanks her for her dedication and vision in the founding stage of the company and looks forward to her future contributions in an advisory role.

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, CEO and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding certain future events. 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.

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.

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