VANCOUVER, British Columbia--(BUSINESS WIRE)--Carbon Friendly Solutions Inc. (CNSX: CFQ) (the “Company” or “Carbon Friendly”) announces that it has retained Sustainable Capital Corporation (“Sustainable Capital”), a Canadian-based firm, to render an independent research report by the beginning of June, 2013 with a target price. Accordingly, Carbon Friendly has concluded its relationship with Expansion Funding, LLC (“Expansion”).
The Company reports it will continue to remain focused on seeking a listing on a US Exchange; however, in order to maximize the Company’s value in advance of a listing in the US, the Company will be focused on securing additional MicroCoal™ sales and opportunities. In addition to its current agreements, the Company will follow-through with other utilities and prospects that have expressed keen interest in the MicroCoal technology and its benefits.
Slawek Smulewicz, CEO and Director of the Company, states: “I am pleased with the interest that MicroCoal technology has received from major utilities in key international markets. Further, I look forward to working efficiently with Sustainable Capital to receive a report in a timely manner.”
Furthermore, a total of 1,500,000 shares held in escrow by certain parties were released back to the Company and the shares have now been returned to treasury.
About Sustainable Capital Corporation Inc.:
Sustainable
Capital Corporation is a Canadian capital markets advisory firm
dedicated to serving emerging clean-technology and select life sciences
companies. Sustainable Capital is committed to growing the Canadian
clean technology sector and providing the investment community with
objective research reports.
About Carbon Friendly Solutions Inc.:
Carbon Friendly
Solutions Inc., through its subsidiaries, is focused on the
development of energy efficiency technology, renewable energy, and
reforestation projects that have the potential to generate significant
revenue. MicroCoal Inc. has an internationally patented
technology that is expected to improve coal-fired utilities’ economic
performance by reducing input costs, improving operations and
simultaneously reducing their environmental footprint. Global CO2
Reduction generates Carbon Offsets from forestry projects that may
be transacted through international voluntary markets. Carbiopel S.A. aggregates
biomass supply and produces biomass fuel pellets for the European
market, including large European utilities and independent renewable
energy providers, in line with EU renewable energy directives.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
“Slawek Smulewicz”
CEO and Director
Forward Looking Statements
Certain
statements included in this News Release contain forward-looking
statements, including disclosure concerning possible or assumed future
results of operations of the Company. Forward-looking statements
typically are preceded by, followed by or include the words –
“believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”,
or similar expressions. Forward-looking statements are not guarantees of
future performance. They involve risks, uncertainties and assumptions,
and the Company’s results could differ materially from those anticipated
in these forward-looking statements. Neither CNSX nor its Regulation
Services Provider (as that term is defined in the policies of the CNSX)
accepts responsibility for the adequacy or accuracy of the release.
We seek safe harbor.
Please contact:
Slawek Smulewicz
CEO and Director,
Carbon Friendly Solutions
Inc.
Telephone: (604) 676 9792
E-mail: info@carbonfriendly.com