Green Energy Solution Industries, Inc Targets $15 Million Annual Green Energy Project With Alberta
(PINKSHEETS: SATM) Green Energy Solution Industries, Inc. (Currently Trading as OTCPK: SATM) has projects that it has certain targeted projections for revenues from base energy production. GESI projects that the electrical generation or power revenue from the plant can exceed $15 million (CAD) annually, with projections of potential $4 million annually in profit. GESI began the project after a grant award from Alberta Energy. GESI then secured the feedstock of waste rail ties in a long term contract, then locked up the necessary land for placement of the waste to energy plant in a strategic location with a railway servicing company. GESI is now contracting for engineering control and for technology selection for the plant for build-out in 2012. With kilowatt pricing exceeding $.10 per kilowatt hour, the ability to make a 20 megawatt power facility is a project goal of the Company.
With a control and lock up of a feedstock source which secures up to 1,500,000 rail ties per year as feedstock in a long term contract of supply, GESI has secured a truly renewable source of feedstock which is not a commodity or food source, and is constantly available and completely renewable each year. In Alberta alone, there are over 7,900 route-kilometers (4,900 miles) of railway track. In all of Canada there are 48,068 route-kilometers (29,868 miles) of railway track. Each kilometer of track has over 1800 rail ties (3000 per mile). Over 90% of all ties are wood, with a weight of 90 kilograms (200 pounds) per tie, and a useable life of approximately 20 to 25 years per tie.
GESI received a grant from Alberta Energy which it utilized to plan out the utilization of feedstocks and selection. Then, GESI entered into the feedstock contract with an industry leader in the rail industry, On-Track Technologies of Alberta, Canada.
"Our concentration is now selection of the technology we will use, and the choices we have are abundant. Technology providers will have to be proven, with commercial success to be selected to break our ties down into the energy we choose to select," stated David Chalela, CEO of GESI.
Perhaps more of a concern with SATM is that OTC Markets (Pink Sheets) has labeled the company "Caveat Emptor" because current information has not been made available and because of questionable promotions. The company has never filed financial statements.
And the great promoters dont care about facts,it even says it in their Disclaimer,they only repete what they are told to say lies or not,they get paid to spew what the company wants them to say.Paid tens of thousands of dollars and a chance to buy stock cheep and then sell it high while everyone else is about to lose.
SATM(Pinksheets: SATM.PK - News) Green Energy Solution Industries, Inc. (Currently Trading as OTCPK: SATM) has completed the takeover of control of SATM; the Company completed the name change with the State of Nevada, appointed new directors and management into the Company, and placed the assets of its Alberta based renewable energy project from waste wood rail ties into the Company. Significantly, GESI has chosen not to change the corporate share structure of its shareholders, and thus far chosen not to enter into a reverse division of the shares, or major change of the structure of the Company. GESI took control by the purchase of a preferred share block, and through the election of the new board of directors. As part of the Corporation's response and responsibility to its shareholders, it has announced that it intends to hold its annual meeting in the fourth quarter of 2011. GESI will be releasing further details of its accomplishments and goals in the near term, and expects to be finishing all essential matters to complete its goal - Current take over should produce great results. Green energy is what we need today. Here is the news: