SOURCE: Vista International Technologies, Inc
DENVER, CO--(Marketwired - May 7, 2014) - Vista International Technologies, Inc. (OTCQB: VVIT), a pioneer in efficient Waste-to-Energy technology, announced today the engagement of Green Giant Venture Fund as part of the Company's plans to develop and forward-sell Carbon Credits. Green Giant is a leading broker in the global Carbon Credits market and will develop these credits as well as the required documentation for VVIT.
Green Giant Venture Fund will also seek to secure multiple forward sale offers of these Credits on behalf of / for VVIT. "We are very excited to begin what we expect to be a long term, profitable relationship with Green Giant," said CEO Tim Ruddy of Vista International Technologies. "The establishment of Carbon Credits presents a significant financial opportunity for our Company, as they can be sold forward to generate cash, or booked as an asset for our company."
VVIT's anticipated credits qualify under the United Nations Framework Convention on Climate Change (www.unfccc.int) and/or VCU credits which qualify under the Verified Carbon Standard (www.v-c-s.org). "Based upon the information provided by Green Giant Venture Fund," added Ruddy, "I believe Vista's Waste-to-Energy technology will qualify as a Clean Development Mechanism (CDM) as set out in the United Nations Framework Convention on Climate Change, and will generate a significant amount of Carbon Credits."
For more information about Green Giant or any information regarding VVIT's Carbon Credit project please contact:
Grant F Galloway
For more information on Vista or this release, please visit www.vvit.us, or call 303 690 8300.