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Global Green Solutions Consolidates Ownership of Global
Greensteam LLC
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San Diego, CA - April 17, 2008 - Global Green Solutions Inc. has
acquired 100% ownership of its subsidiary, Global Greensteam LLC,
through the purchase of outstanding shares owned by The Onix
Corporation. Under the terms of the agreement, GGRN also obtained the
technology rights to manufacture the Onix cyclonic burners and dryers
utilized in Greensteam projects.
Global Greensteam is a renewable energy system that produces steam and
electrical power using waste biomass as a fuel source. Global
Greensteam LLC recently signed a contract with Aera Energy LLC, one of
California's largest oil and gas producers, to construct a Greensteam
unit in an Aera oilfield, with an additional nine units to be installed
over a three-year period. The units will generate steam, which is
currently produced from natural gas. The steam will be purchased by
Aera for enhanced oil recovery operations.
Global Green Solutions Inc., www.globalgreensolutionsinc.com develops
and implements ecotechnology solutions for renewable energy and
reduction of greenhouse gas emissions. Global Green Solutions Inc. is a
U.S. public traded company (GGRN:OTCBB, Cusip 37947A105) with offices
in Vancouver, San Diego, El Paso, New York, London, Brussels and
Johannesburg.
Investor Relations
North America
Halsey Johnston
604-606-7967 or 866.408.0153
haljohnston@globalgreensolutionsinc.com
Europe, Middle East and Africa
Shaun Brown
Innovator Capital Limited
+44.207.297.6840
shaun.brown@innovator-capital.com
Media Relations
Nancy Tamosaitis
Vorticom Public Relations
212.532.2208
Nancyt@vorticom.com
Safe Harbor for Forward Looking Statements: Except for historical
information contained herein, the contents of this press release
contain forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors affecting the company's
operations, markets, products and prices as well as other factors
addressed in the company's filings with the Securities and Exchange
Commission.
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Copyright (c) 2008 GLOBAL GREEN SOLUTIONS INC. (GGRN) All rights
reserved. For more information visit our website at
http://www.globalgreensolutionsinc.com/ or send
mailto:News@Sweetwatercapital.net
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