Sebastian River Holdings Company Vaenza Teams Up With Nature Power for Solar-Wind Success
23 Novembre 2010 - 7:54PM
Sebastian River Holdings Company, Inc. (Pink Sheets:SBRH) Vaenza,
Inc. is pleased to announce that it has merged with Nature Power, a
Korean based Wind Power development and manufacturing firm with a
12,000 sq. ft facility south of Seoul, South Korea.
Vaenza CEO, Mr. Sang Gil Oh states, "This is a tremendous
opportunity for Vaenza as it gives us additional resources which we
feel will expedite the delivery of our technology in both Solar and
Wind Power categories as Nature Power will serve as our Wind Power
division, allowing our Vaenza team to focus exclusively on Solar
Technology, including roadway Solar products, as Nature Power
utilizes their existing technology and contact base to effect
immediate sales and revenue for our firm."
The two companies began merger proceedings in October of this
year, allowing Vaenza to extend its manufacturing capabilities, in
using the Nature Power team and facilities to manufacture solar and
wind technology direct to market. Nature Power has existing
exclusive distribution contracts to customers in Korea, Asia and
Canada through a strategic partner, R.L. Enterprises, which
manufactures the wind turbine, solar generator, inverter and
battery charger for the company's Wind Power product
line.
Vaenza expects to release contract and sales details in the
coming days and all involved, "are excited about the prospect this
merger brings," states Oh.
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.
CONTACT: Gerrard Hollister Investor Relations
IR contact:
310-909-7988
SBRH@GerrardHollister.com
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