Building Turbines, Inc. Enters the 8 Billion Dollar LED Lighting Market With a Five Million Dollar Line of Credit
September 17 2013 - 4:24PM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW), through Green City
Planet, a fully owned subsidiary of Building Turbines, Inc., is
pleased to announce that after successfully engaging in several
wind, solar and LED lighting projects, which have opened tremendous
new revenue streams for the company, and have verified their
business model for becoming a one stop shop for all urban Green
Energy Solutions; Building Turbines has secured a five million
dollar line of credit through, Sirius Green Solutions, Inc. The
access to these funds will allow for the increase in current sales
and distribution of wind turbines, solar and LED lighting; granting
Building Turbines, Inc. the working capital necessary, to secure
all product and equipment necessary to fulfill large orders that
they have in process, with commercial customers, governmental
agencies, and state and municipal entities.
The company has experienced encouraging success in its initial
bidding, fueled by rapid feedback in its channel development. Out
of the estimated eight billion dollar LED market; Building Turbines
is in various stages of bidding, signing and installing over 16
Million dollars in government and municipal contracts that they
have identified, with plans of bidding on, and securing hundreds of
millions of dollars more. These bids for securing private,
governmental and municipal entities are being processed with rapid
submittal and awards notifications. Building Turbines, Inc has
already secured a variety of Approved Vendor listings; including,
but not limited to, The Federal Government, State of Texas, Harris
County and The City of Houston. The submission process to become
Approved Vendors for other companies, cities and states, is also
currently being undertaken. Any future bid submittals will
automatically carry the Approved Vendor Status for that region or
company.
"The addition of the $5M Line of Credit, will allow us to
install our backlog of LED lighting projects, in parallel, and
secure much larger projects, continuing to increase the inflow
revenues, which allow for continued expansion into all areas
dealing with urban Green Energy Solutions. We believe that this is
just the tip of the iceberg, and as government agencies convert
from the old florescent tube lights, to new LED lighting systems,
these numbers will dramatically increase," stated John Graham Sr.,
CEO of Building Turbines, Inc.
We would like our shareholders to be informed as to the
development of these projects and others like them, and will be
updating new awards, through our press releases and websites.
About GREEN CITY PLANET:
www.greencityplanet.com Green City Planet is premier provider of
LED lighting and environmentally sound industrial solutions, and is
a wholly owned subsidiary of Building Turbines Inc. (PINKSHEETS:
BLDW).
About BUILDING TURBINES, Inc:
www.buildingturbines.com Based in Austin, Texas, Building Turbines,
Inc. is focused on the design and manufacture of patented rooftop
wind turbines; as well as, vertically integrating into other
renewable energy solutions to complete a total Green Energy
Solution for any urban environment.
For more information: Website: www.buildingturbines.com E-mail:
investor@buildingturbines.com
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact Information Investor Relations: Dave Zembek 615
426-2565
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