Resource Ventures, Inc., Global Energy Management Ltd. and Next Space Solutions LLC Sign Term Sheet Defining Joint Venture Sc...
April 24 2013 - 8:00AM
Marketwired
Resource Ventures, Inc. (PINKSHEETS: REVI), its wholly owned
subsidiary, Global Energy Management Ltd., ("GEM") and Next Space
Solutions LLC ("NSS") of California have signed a Term Sheet
defining the Principles of Cooperation for the development of
Renewable Energy projects in California, Puerto Rico, India and
South Africa. REVI announced on March 27, 2013 that GEM had signed
a Letter of Intent anticipating a series of Joint Ventures with
Next Space Solutions LLC of California, pending the completion of
due diligence.
With the successful completion of the due diligence and with the
signing of the Term Sheet, REVI, GEM and NSS have taken the first
step in the development of a series of photovoltaic and other
renewable energy joint ventures. The term sheet initially targets
the acquisition and development of photovoltaic projects in
California and provides outlines for the sharing of costs relating
to project development and personnel.
The Term Sheet also defines an option for the participation of a
third party in joint ventures that are within the scope of the Term
Sheet.
Bob Thompson, REVI's CEO, stated, "Electrical Power production
by means of photovoltaic and other renewable energy facilities has
been increasing steadily in California. REVI and Next Space
Solutions have a shared understanding of the opportunities that
exist for the production of clean energy and we intend to jointly
pursue several of these opportunities. Resource Ventures is very
pleased to share this vision with Next Space Solutions."
About Resource Ventures, Inc. (PINKSHEETS:
REVI) Resource Ventures Inc. ("REVI") is an emerging independent
global Electrical Power Production and Petroleum Exploration
Company that is focused on the acquisition and development of a
diversified portfolio of complementary power generation and energy
production projects.
REVI's strategic vision anticipates the utilization of both
modern and traditional power generation technologies in combination
with diverse energy sources, including oil and natural gas as well
as renewable energy sources such as biomass, bio-diesel, wind power
and photovoltaic systems.
For additional information: Telephone:
888.497.REVI (888.487.7384) Email: info@resven.com Web Site:
http://www.resven.com Investor Information visit
http://www.otcmarkets.com/stock/revi/quote
Safe Harbor Forward-Looking Statements To
the extent that statements in this press release are not strictly
historical, including statements as to revenue projections,
business strategy, outlook, objectives, future milestones, plans,
intentions, goals, future financial conditions, future
collaboration agreements, the success of the Company's development,
events conditioned on stockholder or other approval, or otherwise
as to future events, such statements are forward-looking, and are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made.
INVESTOR RELATIONS CONTACT Bob Thompson 888.497.7384 Email:
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