GreenAngel Energy Acquires Shares in CamDo Solutions Inc.
May 30 2014 - 9:00AM
Marketwired
GreenAngel Energy Acquires Shares in CamDo Solutions Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2014) -
GreenAngel Energy (TSX-VENTURE:GAE) has acquired a 30% equity
interest in a newly formed corporation, CamDo Solutions Inc. that
will market innovative photographic solutions especially suited for
remote monitoring and environmental applications.
In an agreement entered into by Cam-Do.com LLC of Madison WI,
Todd McCann of Brisbane, Australia and GreenAngel Energy Corp, a
new company, CamDo Solutions Inc., was incorporated in Vancouver BC
to launch a global marketing venture specializing in proprietary
photographic industry and green technology products. CamDo
Solutions Inc. will be 40% owned by Todd McCann, 30% by Cam-Do.com
LLC and 30% by GreenAngel Energy Corp. These ownership interests
are founders shares that are subject to vesting provisions and
dilution pursuant to future investment rounds.
GreenAngel's role is to provide corporate finance and advisory
services to CamDo Solutions. Todd McCann will become CEO of CamDo
Solutions Inc. which will be headquartered in Vancouver, BC.
Cam-Do.com LLC began shipping products over a year ago and CamDo
Solutions will immediately take on the responsibility for sales and
order fulfilment.
"This is a great opportunity for GreenAngel Energy to use
its connections to assist in the launching of a new venture with
products for which there is already more than one year's track
record," says Mike Volker, Chairman of GreenAngel Energy, "and it
gives us a platform for the marketing of new green tech products in
the future."
"The overwhelming demand for Cam-Do.com's current products
led us to seek a broader corporate umbrella under which we will be
able to expand our product range and international market
penetration. With CamDo Solutions Inc. and GreenAngel Energy, we
feel that we will be positioned for extraordinary rapid growth,"
said Peter Jennings, founder of Cam-Do.com LLC.
Todd McCann, CEO of CamDo Solutions Inc. adds, "The
diversity of products so far is the tip of the iceberg, as more
opportunities present themselves almost daily. With such a
successful start thanks to founder, Peter Jennings' broad
skill-set, the focus now is to execute the strategy, particularly
in the areas of product development, supply chain and
marketing."
CamDo Solutions Inc. will be participating in GreenAngel
Energy's PowerHaus Pavilion at the Cambridge House Investor
Conference in Vancouver on June 1 and 2.
ON BEHALF OF THE BOARD
Michael Volker, Chairman
About GreenAngel Energy
GreenAngel Energy Corp. is the first publicly traded Angel Fund
that invests solely in emerging private green technology companies
(TSX-VENTURE:GAE). We provide an avenue for retail investors to
gain access to a portfolio of promising early-stage ventures across
a spectrum of green technology sectors. We focus on commercializing
new technologies that produce renewable energy, improve energy
efficiency or use renewable energy resources such as water, wind
and solar. In addition to providing strategic capital, GreenAngel
Energy also mentors and advises its investees to help them achieve
commercial success. GreenAngel Energy's current portfolio includes
Delaware Power Systems, Mazza Innovation Ltd, Habitat Carbon
Assets, moj.io inc, dPoint Technologies, and Paradigm Environmental
Technologies. GreenAngel Energy also manages PowerHaus Technology
Ventures (VCC) for accredited investors and a series of
interest-paying Notes. For more information, please visit
www.greenangelenergy.ca.
About Cam-Do.com LLC
Cam-Do.com LLC commercializes specialty products for the
photographic industry and solutions for remote monitoring and
control. With customers in 74 countries and 54 US states and
territories, Cam-Do.com represents an international team of
software and hardware developers with years of experience
developing custom solutions to real world problems. The Company was
created by Peter Jennings, a Silicon Valley veteran best known for
founding VISICORP, a company that brought the world's first
successful spreadsheet, VISICALC, to market. Peter is an
entrepreneur, inventor and creator of numerous products. For more
information, please visit www.cam-do.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking
statements. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits
GreenAngel Energy will obtain from them.
GreenAngel Energy Corp.Mike
VolkerChairman+1.604.644.1926mike@greenangelenergy.cawww.greenangelenergy.ca
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