SOURCE: Sebastian River Holdings, Inc.

June 09, 2010 16:03 ET

Sebastian River Holdings Acquired by Vaenza, Inc.

SBRH Harnesses Solar Power for Global Project Development

SEOUL, SOUTH KOREA--(Marketwire - June 9, 2010) -  Sebastian River Holdings Group, Inc, a Florida Corporation, announced today that Vaenza, Inc., a photovoltaic and solar energy provider based in South Korea, has acquired Sebastian River Holdings Group (PINKSHEETS: SBRH) to serve as a vehicle for the development of solar solutions for mid to large size commercial and government contracts. The new CEO of Sebastian River Holdings, Mr. Sang Gil Oh, feels that the company is well poised to become a market leader with an edge on technology above the competition.

Sebastian River Holdings, doing business as Vaenza, is positioning itself to be a global leader in the development and implementation of innovative solar energy solutions. Oh's overall goals for the company are to provide renewable electricity to its customers with high quality, cost-effective solutions that replace existing carbon- and nuclear-based energy sources.

Sebastian River Holdings reps comment, "Photovoltaic solar power is one of the most promising renewable energy sources in the world. Compared to nonrenewable sources such as coal, gas, oil, and nuclear, the primary advantages are, first and foremost, it's 'clean.' It's totally non-polluting, has no moving parts to break down and requires little maintenance. One of its most attractive attributes is its cost-effectiveness. It does not require a large scale installation to operate as opposed to conventional power generation stations."

Sebastian River holdings, doing business as, Vaenza will be launching its new website in the coming days, www.vaenza.com, as tailored to service clients and shareholders alike under its new corporate structure toward universal benefit. The website will feature many of the capabilities inherent to this technology, including various applications such as seamless placement in commercial/industrial rooftops, windows and entire communities via roadways and more; creating a cleaner, more sustainable product than is currently available en masse. 

Sebastian River Holdings is positioning itself to be a global leader in the development and implementation of innovative solar energy solutions. Our objective is to provide renewable electricity to our customers with high quality, cost-effective solutions that replace existing carbon- and nuclear-based energy sources.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Contacts:
    Sebastian River Holdings, Inc.
    www.vaenza.com
    Investor Relations
    011-82 106369 8114