SOURCE: Grid Cloud Solutions

September 06, 2011 08:00 ET

Grid Cloud Solutions Inc Reports First Sales of Energy Conservation Leasing Program

SAULT STE MARIE, ON--(Marketwire - Sep 6, 2011) - Grid Cloud Solutions Inc (PINKSHEETS: GRDC) announced it has secured its first sales of tankless water heater systems for a new housing development in Ontario, marking a significant milestone for the company's new Energy Conservation Leasing Program.

Launching the program in March 2011, the company targets the sale of energy saving equipment to home builders and home owners, offering lease financing options through a third party.

Mr. Danny Wong, CEO of GRDC, said, "Consumers are keen to engage in energy conservation opportunities when adequate paybacks justify their investments. While this helps reduce their energy costs, the energy savings also contributes to R-2000 standards which may provide the home owner access to reduced mortgage rates, extended amortization periods and discounts on CMHC insurance fees, as examples. In addition our leasing program gives homeowners the ability to engage in energy conservation while keeping their monthly payments low. This new market trend offers tremendous growth opportunities to the company as the cost of energy continues to increases and consumers worry about the bottom line."

Major Canadian banks that offer preferential mortgage rates to homeowners who implement energy-saving measures can be found at http://www.canada.com/Going+green/5090814/story.html.

Grid Cloud Solutions Inc offers comprehensive design, development and management services to the Biomass, Solar Thermal & PV and Wind energy industry. The Company brings decades of energy consulting experience to the marketplace. Management's approach is aimed at rapid growth through partnerships, mergers and acquisitions using the principals' connectivity and experience in the marketplace.

For more information please visit: www.gridcs.com

Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the Company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Investor Relations Contact:
    Tel. +1 954 707-3043
    Email: Email Contact