Viridis Energy Announces its Second Transaction Securing 12,000 Tons of Wood Pellets from a Southeast U.S. Producer - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Viridis Energy Announces its Second Transaction Securing 12,000 Tons of Wood Pellets from a Southeast U.S. Producer

Posted: Updated:

Vancouver, BC / ACCESSWIRE / March 20, 2014 / Viridis Energy Inc. (“Viridis” or the “Company”) (TSXV: VRD), a “Cleantech” manufacturer and distributor of renewable energy providing waste biomass fuel to global residential and industrial markets, announced today that its recently launched, wholly owned subsidiary, Viridis Merchants Inc., an aggregation and trading service of wood pellets and other alternative energy sources has structured its second transaction, securing 12,000 tons of wood pellets from a producer located in the Southeast U.S. This transaction is expected to generate over $2.5 million in revenues over the 12-month period beginning April 1, 2014.

The wood pellets are to be supplied in equal monthly deliveries over the next 12 months to customers in the U.S. northeast market. In addition to arranging the transaction, Viridis Merchants is providing value-add services including logistics and marketing to the producer.

Commenting on Viridis Merchant’s latest transaction, Christopher Robertson, Viridis’ CEO said, “While much focus has been placed on our international and industrial opportunities, we have developed a large and loyal customer base in domestic home heating in the US northeast, which has experienced double digit growth. The severe winter conditions experienced this year have escalated interest in economically efficient, home heating solutions. Our recently launched Viridis Merchants has been instrumental in supplementing our production capacity with similarly high quality products, adding thus far over 60,000 tons of additional wood pellets to our overall product offering.”

Viridis Investor Contact:

Yvonne L. Zappulla

Managing Director

Grannus Financial Advisors, Inc.

212-681-4108

Company Contact:

Michele Rebiere

Chief Financial Officer

Viridis Energy Inc

905-847-5226

investorinfo@viridisenergy.ca

 -------
 | | | |
 -------

About Viridis Energy Inc.

Viridis Energy Inc. (TSXV: VRD) is a publicly traded, “Cleantech” alternative energy company specializing in the wood waste biomass. Located in Vancouver, B.C., Viridis Energy operates Okanagan Pellet Company, Scotia Atlantic Biomass, and Viridis Merchants, thus providing the company with vertical integration for distribution and manufacturing as well as coast to coast national presence. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca.

Forward-looking Statements

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future operations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to finance the start-up operations in Nova Scotia in a timely manner (6) inability to retain key management and employees, (7) an increase in the number of competitors with larger resources, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company’s MD&A in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s MD&A filed with Canadian securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ReleaseID: 413300

  • Latest NewsMore>>

  • Man Arrested for Allegedly Luring Kids with Candy, Fondling Them

    Man Arrested for Allegedly Luring Kids with Candy, Fondling Them

    Monday, July 28 2014 6:38 PM EDT2014-07-28 22:38:39 GMT
    Photo Courtesy WFAA Photo Courtesy WFAA
    McKINNEY — McKinney police have arrested a 66-year-old man for allegedly luring children into his garage with candy and then fondling them.Jamie Edwan is charged with indecency with a child. He was booked into the Collin County Jail on July 18 with a bond of $100,000.Police said a child victim came forward and said the suspect used candy as a lure and then was inappropriately touched by Edwan in his garage, located on Newport Lane in McKinney.According to a search warrant, a girl to...More >>
    McKINNEY — McKinney police have arrested a 66-year-old man for allegedly luring children into his garage with candy and then fondling them.Jamie Edwan is charged with indecency with a child. He was booked into the Collin County Jail on July 18 with a bond of $100,000.Police said a child victim came forward and said the suspect used candy as a lure and then was inappropriately touched by Edwan in his garage, located on Newport Lane in McKinney.According to a search warrant, a girl to...More >>
  • Woman Accused of Sexually Assaulting Girl at Sleepover

    Woman Accused of Sexually Assaulting Girl at Sleepover

    Monday, July 28 2014 6:06 PM EDT2014-07-28 22:06:56 GMT
    Picture from KHOU.comPicture from KHOU.com
    (KHOU) -- A 12-year-old girl’s sleepover at a friend’s house turned into a nightmare after she says she was sexually assaulted. The girl told officers her friend’s 21-year-old sister tried to sexually assault her. She was taken to Texas Children’s Hospital by ambulance as a precaution. Police arrested Jasmyne Glider on a charge of attempted indecency with a child. She was released from jail after posting a $5,000 bond.More >>
    (KHOU) -- A 12-year-old girl’s sleepover at a friend’s house turned into a nightmare after she says she was sexually assaulted. The girl told officers her friend’s 21-year-old sister tried to sexually assault her. She was taken to Texas Children’s Hospital by ambulance as a precaution. Police arrested Jasmyne Glider on a charge of attempted indecency with a child. She was released from jail after posting a $5,000 bond.More >>
  • Sheriff: 44,000 Pot Plants Found in Polk County Field; Search Continues for More

    Sheriff: 44,000 Pot Plants Found in Polk County Field; Search Continues for More

    Monday, July 28 2014 5:25 PM EDT2014-07-28 21:25:04 GMT
    Photo Courtesy KHOUPhoto Courtesy KHOU
     GOODRICH, Tx – A deer hunter stumbled upon thousands of pot plants in what could end up being one of the biggest marijuana busts in Texas history.Polk County deputies say they’ve already recovered 44,000 plants and they haven’t even started clearing out 19 additional fields spotted by air.The hunter was at his deer lease in Goodrich off Old Highway 35 Saturday when he saw the suspicious plants and alerted authorities.Deputies say it was a sophisticated operation using water from a cre...More >>
     GOODRICH, Tx – A deer hunter stumbled upon thousands of pot plants in what could end up being one of the biggest marijuana busts in Texas history.Polk County deputies say they’ve already recovered 44,000 plants and they haven’t even started clearing out 19 additional fields spotted by air.The hunter was at his deer lease in Goodrich off Old Highway 35 Saturday when he saw the suspicious plants and alerted authorities.Deputies say it was a sophisticated operation using water from a cre...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.