Greenscape Capital Group Inc.

Greenscape Capital Group Inc.

November 23, 2010 08:46 ET

Greenscape's Canopy Airport Parking to Open November 24th, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2010) - Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) -

Announcement Highlights:

  • World's greenest parking facility to open on budget and substantially ahead of schedule

  • 4200 stall operation to serve as a model for future green parking builds throughout North America

  • In addition to environmental attributes, facility has robust financial projections

Greenscape Capital Group Inc. is pleased to announce that Canopy Airport Parking, the world's greenest parking facility, will open at 4:00am on Wednesday, November 24th, 2010. Despite the complexities of being built as the first lot of its type, the Canopy facility was constructed on budget and substantially ahead of schedule.

The 4,200 stall facility servicing the Denver International Airport (DIA) incorporates wind, solar, geothermal, LED lighting and electric vehicle charging stations into its leading edge design. Additional green features include recycled asphalt with asphalt made from recycled roofing shingles, steel recycled from scrap automobiles, porous pavement, and alternatively fueled shuttle busses. The project will achieve LEED Gold certification and is recognized as an official demonstrator site for the US Green Parking Council.

In addition to its environmental attributes, the project has robust financial projections and will serve as Greenscape's model for future green parking projects targeted for construction throughout North America.

Greenscape owns 81.2% of the facility. The project construction was funded, in part, by Wells Fargo Bank via a 3 year construction loan bearing an all-in fixed interest rate of 5.45% per annum. The operating partner at the facility is Propark, one of the nation's leading innovators in the parking industry, providing parking management and parking related real estate services across the United States.

In addition to the 5280 Club Canopy Rewards program and an industry-leading corporate discount program, Canopy has also partnered with Frontier Airlines to offer Frontier passengers and staff special offers and promotions when flying out of DIA.

About Canopy Airport Parking

Canopy Airport Parking, a 4200-space parking facility at 8100 Tower Road, Commerce City, CO is currently slated to open for customers in mid-November 2010, who can begin reservations by visiting Canopy Airport Parking will offer 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.

About Propark

Propark America is one of the nation's leading parking companies, providing sustainable parking management and parking-related real estate services across the country. Founded in 1984, Propark has successfully merged green, environmental ideals into daily operations, while preserving the company's entrepreneurial spirit and unique culture of creative innovation. Propark's corporate ethos and growing portfolio of diverse properties are transforming the parking industry's approach to sustainable design, development and operations.

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.


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. In particular, there are several risks which may delay the opening of the Canopy Airport Parking facility to later than expected.

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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