ONYX Wins Approval for Massive $84 Million Solar Power Project
September 27 2011 - 9:12AM
Business Wire
Onyx Service & Solutions, Inc. (OTCQB:ONYX) announced that
last week the Company successfully won approval for an $84 Million
(US) solar power project for Roatan, Honduras. The project capacity
is currently 18.5 megawatts and is expected to take over 65,000
280-watt solar panels. ONYX sees this project as the premium
opportunity to install their first branded 280-watt panels.
Project Engineer (L), ONYX President
Malcolm Burleson (C) and Company attorney Alex Villela (R) during
presentation (Photo: Business Wire)
Last Wednesday morning, ONYX President Malcolm Burleson and
Project Engineer Rick Coens conducted a formal presentation of the
18.5 megawatt project to Governor Shawn Hyde, Mayor Julio Galindo
and a quorum of Council members at the Roatan Municipal Government
chambers.
After the presentation by Burleson, Mayor Galindo told the ONYX
representatives “You guys have it” and Governor Hyde went on to add
“I fully support the project and will do whatever is needed for the
project.”
Details of the 18.5 Megawatt Solar project can be seen at
www.solar-stock.com/solar-diesel-reduction.html
The next steps for ONYX will be the completion of the agreement
with the project investors and initiation of the regulatory
processes.
ONYX management has identified a lucrative market for solar
power projects in nations that use diesel produced electricity.
Roatan currently relies 100% on diesel produced electricity. Solar
power has been identified as an ideal economical solution to power
the island. The island of Roatan is a renowned tourist destination
and a substantial source of revenues for Honduras. Roatan has a
significant American population and is a perfect location for the
Company's first diesel reduction solar project. The July 2011 issue
of "Islands Magazine" rated Roatan the #1 island to retire on in
the world.
The Onyx Service & Solutions mission is to manifest cutting
edge energy technology, products, manufacturing advances and
construction projects to successfully compete in a global energy
marketplace, which includes Exxon Mobil Corp (NYSE: XOM), First
Solar Inc (NASDAQ: FSLR), General Electric (NYSE: GE) and Empressa
Nacionale de Electricida (NYSE: EOC).
For more information on the Company see:
www.OnyxService.com.
About Onyx Service & Solutions, Inc. (OTCQB:
ONYX)
Onyx Service & Solutions, Inc. is a for-profit corporation
that focuses on brilliant alternative energy solutions including
medium to large-scale solar construction projects, cutting edge
solar technology acquisition and development, new to market solar
product development, advances in solar product manufacturing,
worldwide solar product sales and creative financing expertise of
alternative energy related projects
ONYX Service & Solutions Inc. is listed on the NASDAQ OTC
exchange as an OTCQB tier company. OTCQB companies report to the
SEC or a U.S. banking regulator, making it easy for investors to
identify companies that are current in their reporting obligations.
OTCQB securities may also be quoted on the FINRA BB. The OTCQB
allows investors to easily identify reporting companies traded in
the OTC market regardless of where they are quoted.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: This news release contains
forward-looking information within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
that include the words "believes," "expects," "anticipate" or
similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the company to
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past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set
forth above and the company assumes no responsibility to update the
information included herein for events occurring after the date
hereof.
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