SOURCE: Resource Ventures, Inc.

May 16, 2013 08:00 ET

Resource Ventures, Inc., Global Energy Management Ltd. and Next Space Solutions LLC. Concluding Final Selection of the Construction Team and Timelines for Recently Awarded Solar Project

SILVERADO, CA--(Marketwired - May 16, 2013) - Resource Ventures, Inc. (PINKSHEETS: REVI), announces through its wholly owned subsidiary, Global Energy Management Ltd., ("GEM") and Next Space Solutions LLC ("NSS") of California that the final due diligence for the management and construction team for the recently awarded 20 year Power Purchase Agreement (PPA) for the Renewable Energy Solar Photovoltaic project in Southern California is near completion.

President Bob Thompson of Resource Ventures, Inc. and President and CEO Jamison Slough of Next Space Solutions LLC. (NSS) are nearing the final phase of research for a strategic partner with experience in Solar Power technical consulting as well as management support services. The targeted strategic partner will be a US based Fortune 500 company, fully accredited as an Energy Service company with a history of success in California designing and building reliable, efficient, and cost effective solar projects.

Upon announcing the strategic partner, Global Energy Management Ltd and Next Space Solutions LLC will proceed with the design team to ensure the 40 acre site project complies with all permitting requirements including completion of the initial study/Mitigated Negative Declaration (IS/MND) for the California Environmental Quality Act (CEQA) and various permits for the county.

To date, the completed items are as follows: 1) Notice of Award. 2) Signed Letter of Intent. 3) Topographic report received. The items scheduled for completion with the strategic partner are: 1) Geotechnical Survey, estimated for completion mid-June. 2) CEQA permitting, estimated to be completed within 6 months.

Bob Thompson, President of Resource Ventures, Inc. stated, "I am proud of the progress to date and look forward to assisting with the selection, design and implementation with vendors for this project."

About Resource Ventures, Inc. (PINKSHEETS: REVI)
Resource Ventures, Inc. ("REVI") is an emerging independent global Electrical Power Production and Petroleum Exploration Company that is focused on the acquisition and development of a diversified portfolio of complementary power generation and energy production projects.

REVI's strategic vision anticipates the utilization of both modern and traditional power generation technologies in combination with diverse energy sources, including oil and natural gas as well as renewable energy sources such as biomass, bio-diesel, wind power and photovoltaic systems.

For additional information:
Telephone: 888.497.REVI (888.487.7384)
Web Site:
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