Grid Cloud Solutions Inc. Acquires Interest in Energy Management & Savings Company, Encompass Group
Apr 19, 2011 1:00:00 AM
TORONTO -- (MARKET WIRE) -- 04/19/11 -- Grid Cloud Solutions Inc. (PINKSHEETS: GRDC), a progressive renewable energy development company, is pleased to report that it has acquired a 51% interest in the Encompass Group, an energy management solutions company specializing in reducing energy costs through energy monitoring and energy efficiency technologies.
Grid Cloud Chief Technology Officer (CTO), Dr. Luc Duchesne comments, "The acquisition of an established energy management company like Encompass Group is an obvious choice for Grid Cloud Solutions Inc. After all, the future of energy isn't only about being renewable... it's also about being responsible through reducing energy consumption. Reducing consumption means reducing costs, ensuring maximum profits for Grid Cloud clients." Dr. Duchesne continues, "We are confident the marriage between the two companies will not only give us a significant advantage when incorporating Encompass' energy monitoring technologies into our service offerings, but we believe it should also add a number of new corporate clients to our growing list of community based clients."
About Encompass Group:
Formed in 2004, the Encompass Group integrates complete HVAC building systems with 21st Century energy management technologies, with the ability to interact with the 20th century power grid -- resulting in an advanced Smart Grid compatible energy solution that has the capability of reducing energy consumption in some automated plants and commercial buildings by up to 30%.
Some of Encompass Group's energy conscious corporate clients have included; Wal-Mart, Staples, Winners, Scotiabank, CIBC, BLJC and many more.
Grid Cloud Solutions Inc. offers comprehensive design, development, energy monitoring, management and maintenance services to the Photovoltaic Solar, Wind and Biomass energy industry. The Company brings decades of consulting experience to Federal and Provincial governments globally. In conjunction, in an effort to protect our clients' long-term investment, the company offers complete power plant security systems, ensuring uninterrupted, reliable power generation for years to come.
For more info please visit: www.gridcs.com
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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