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Contract with City of Georgetown to Build a For Profit Parking System

Wednesday, April 06, 2011 10:25ET

NEW YORK--(BUSINESS WIRE)-- Monogram Energy, Inc. (Pink Sheets: MGRN) aka Marquis Tech Holdings, Inc. has confirmed that its wholly owned subsidiary, Astrolobe Technology, has signed a major 25 year contract with the City of Georgetown in Guyana, South America to be the sole provider of a comprehensive for-profit parking system.

Although exact specifics of the contract were not disclosed, the City has granted Astrolobe Technology the right to build, own, and operate the parking system for 25 years, after which point, control of the system will be turned over to the City of Georgetown.

Georgetown, the capital city of Guyana, has a population of more than 285,000. The automobile count is approximately 90,000 vehicles and is expected to grow 8-10% every year. Georgetown is the main business and governmental center in the country and is congested with vehicular traffic from local citizens as well as commuters and business owners. The drastic increases in automobile traffic, compounded by the lack of municipal or other parking systems has caused the city to suffer ill-effects such as chronic congestion and pollution.

Marquis Tech Holdings' CEO, Saratu Phillips stated: "This is a major milestone for the company. I would like to thank everyone involved for making this happen. Living and working in this city for years, I can definitely say that this is a much needed project. Once we are done, I am confident there will be a major transformation of the downtown area which will have a positive impact on the environment and the local economy."

Marquis Tech Holdings, Inc. is currently in the process of building a successful portfolio of revenue generating technology and real estate assets. In our role as managers, operators, and marketers of technologies we believe that leveraging our industry experience and capitalizing on our strategic relationships are the best ways to achieve profitable results. Marquis' company philosophy is to acquire domestic and international companies which possess an inherent competitive edge whether it's derived through written law, intellectual property, or government contracts and inject the capital necessary to maximize earnings while pooling resources and managing the logistics to ensure all acquisitions operate in efficient harmony.

OTC Markets Inc is a privately owned company based in New York that provides a suite of products and services for the U.S. OTC securities market. The company operates electronic quotations, trading, messaging, and information platforms.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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