Greenscape Capital Group Inc.
TSX VENTURE : GRN

Greenscape Capital Group Inc.

July 06, 2011 14:09 ET

Greenscape Forms Subsidiary and Issues Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) ("Greenscape") is pleased to announce the recent formation of its wholly owned Anguillan subsidiary, Greenscape Licensing Corp. The new subsidiary has been incorporated in Anguilla to act as a "bank" for future acquisitions of intellectual property and to take advantage of Canada's international treaty incentives. The new subsidiary's board members include Mr. T. M. Williams and Mr. L. S. Bell, in addition to Greenscape's CEO, Mark Devereux.

Mr. Williams is a Canadian citizen resident in Anguilla. Mr. Williams is the Chairman of Bingo.com Ltd., CellStop International Ltd., and the former President and CEO of Electronic Arts (Canada) Inc. Mr. Williams has considerable experience in many fields, including computer and video games, biotechnology, real estate, and computer technology. He has founded, funded, or been mentor to over 25 technology ventures over his 45-year business career. Mr. Williams continues to be active on the boards of directors of several public and private corporations.

Mr. Bell enjoyed a distinguished thirteen-year country level executive career with IBM Canada. He is an Anguillan, Canadian and British citizen and has been a resident of Anguilla since 1981. He was the Chairman of the Hansa Bank & Trust Company from 1984 to 2002 and has been involved in incubating, structuring and financing international ventures approaching several billion dollars.

The Company has granted stock options to acquire an aggregate of 100,000 of its common shares at an exercise price of $0.25 per share, to each of Mr. L. Bell and Mr. T. Williams, comprising a total grant of 200,000 options. The options are exercisable for up to a five-year period and vest immediately.

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 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

C. Mark Devereux, CEO and 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.

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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