SOURCE: Grid Cloud Solutions

August 11, 2011 09:43 ET

Grid Cloud Solutions Updates Shareholders: Expands Services to 3 Canadian Provinces and 5 More Countries

SAULT STE MARIE, ON--(Marketwire - Aug 11, 2011) - Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) is pleased to update investors on its recent business development progress. Since March 2011, GRDC has pursued several business lines in the renewable energy sector, aiming at companies, communities, cooperatives and individuals looking for cost-effective energy solutions in the fields of energy conservation, green energy generation or energy efficient housing systems.

GRDC's CEO Danny Wong: "We realize that in a period of economic recession, many of our customers and partners are in need of significant energy cost savings. Our business model is to provide proven solutions and services with fast payback and we are pleased that our approach has permitted us to grow our business lines for significant short term profits despite the current economic uncertainty."

GRDC is in the advanced stages of negotiations for providing HVAC procurement services for 3 of its clients. The opportunity is for housing developments which number in excess of 150 buildings. All projects are expected to be under construction within 60 days.

Using the service models developed in Ontario, the company has begun offering its services in 3 more Canadian provinces (Manitoba, Quebec, and New Brunswick) and 5 more countries (Jamaica, Republic of the Congo [Congo-Brazzaville], Democratic Republic of the Congo [Congo-Brazzaville] and Nigeria). The cost of power in Africa, either through distribution grids or through home operated diesel generators offers an excellent opportunity for home solar power.

GRDC continues exploring strategic alliances and marketing rights for renewable energy and conservation technologies. In the last quarter, the company began the sales and marketing of patented insulated panel, for building systems, for one of its clients. The initial agreement was on a trial basis but provided GRDC with consulting and sales revenues. An exclusive long term sales and marketing contract is currently under negotiations and will be disclosed to investors once completed.

GRDC continues to pursue a number of leads for the Engineering Procurement and Contracting of photovoltaic projects. The company has received purchase orders for two projects which are now expecting final connection approval from authorities shortly. GRDC is also in advanced stages of negotiations for providing EPC services for 5 more projects with additional projects already in the queue. Still in Ontario, the company has secured a number of options for the development of ground mounted solar power projects totalling an excess of 30 MW of power. Related to these projects, the company has entered into Memorandums of Understanding for their financing, contingent on such projects securing Power Purchase Agreements.

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 based on rapid growth through partnerships, mergers and acquisitions using the principals' connectivity in the marketplace.

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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 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.

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