Greenscape Capital Group Inc.

Greenscape Capital Group Inc.

May 18, 2010 09:15 ET

Greenscape Capital Group Inc.: Construction Starts on Denver Green Parking Facility

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 18, 2010) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -

Announcement Highlights:

  • Construction Underway on 4,200 Stall Development
  • Facility will be World's Greenest Parking Facility
  • Construction Completion Estimated in Seven Months

Greenscape Capital Group Inc. ("Greenscape") is pleased to announce that Green Park Denver LLC has commenced construction on its wholly-owned Denver green parking facility. The construction process has been underway for more than one week, with earth moving equipment currently onsite and in operation.

The construction of the facility is expected to be complete within seven months. The full-service building contractor leading this project is dcb Construction Company Inc. ("dcb"), of Denver, Colorado, a respected construction company that has been in business since 1960. The construction contract with dcb is a fixed, maximum-price contract.

This 4,200 stall Denver facility will be the world's greenest parking development, incorporating a variety of environmentally sustainable operating methods (see Greenscape News Release dated April 7th, 2010 for details). The facility will service the rapidly growing Denver International Airport which, by land size, is the largest airport in the United States and the third largest airport in the world. Denver International is the fifth busiest airport in the United States and the tenth busiest in the world.

Green Park Denver LLC is an entity that is 90% owned by Greenscape. The operator of the Denver facility is ProPark America, one of North America's leading parking companies and an industry visionary in environmentally sustainable operating procedures.

Greenscape CEO, Bryan Slusarchuk, states, "We are very pleased that construction has started at Denver. The start of construction is the direct result of the intense effort and vision of our partners at ProPark. ProPark, through their existing operations across the United States and via new projects now coming online, have demonstrated that they are the leaders at incorporating green operating initiatives into the parking industry. We couldn't be more pleased in partnering with them on Denver."

About ProPark

Founded in 1984, ProPark America is one of the United States' leading parking companies providing parking management and parking real estate services across the country. Propark has successfully managed consist growth while preserving the company's entrepreneurial spirit and unique culture of creative innovation.

About Greenscape Capital

Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital owns 100% of Green.Switch Capital, a Canadian based company focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. Green.Switch provides full‐service energy retrofitting for commercial clients. The Green.Switch energy retrofit process begins with the assessment of client issues and infrastructure, through to project design, capitalizing improvements, attaining government incentive grants when applicable, contracting, installation and monitoring. 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.


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 future revenues and contracts. 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, when they 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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