August 13, 2010
Greenscape Capital Group Announces Expansion of Business Relationship with Propark America
Announcement Highlights:
- seeking to replicate the Denver green parking facility model in other U.S. market areas
- evaluating Canadian opportunities in sustainable parking lot management
- partnering on roll out of Electric Vehicle (EV) Charging stations in Canada by Garage Juice Bar LLC
VANCOUVER, BRITISH COLUMBIA -- Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) - Greenscape Capital Group Inc. is pleased to announce an expansion of its current business relationship with Propark America.
Propark and Greenscape are currently partners in the development of the world's greenest parking facility, servicing the Denver International Airport in Denver, Colorado.
The 4,200 stall Denver operation will feature a variety of green operating methods including geothermal heating and cooling, solar and wind energy, Electric Vehicle (EV) charging stations, LED lighting and is being built in accordance with LEED Gold building principles.
To further the interests of both Propark and Greenscape in the green parking industry (a core focus of both companies), further joint efforts are being worked on including;
- Greenscape Capital is partnering on the recent bid made by Garage Juice Bar LLC for the installation of EV charging stations at the City of Vancouver's Easy Park parking lots, for demonstration and evaluation. The bid was made in response to a Request for Expressions of Interest issued by the City of Vancouver.
- Greenscape and Propark are identifying, evaluating and selecting future sites for the building of green parking facilities modeled after the current Denver green parking project. The Denver project has an appraised value of US $31.7 million (pre-cash flow/post construction) and has an expected completion date of November 2010.
- Greenscape and Propark are preparing to launch Propark Canada, with a goal of being the pre-eminent green parking group in Canada, establishing new facilities and winning new management contracts, while also offering energy efficiency retrofit programs during a greening process of these locations.
The above reflect the corporate mandate of the expanded business relationship to green the parking industry through retrofits, upgrades and technology additions to current parking facilities along with the building of new parking facilities that incorporate the best tested and proven green technologies that exist today. The mandate also combines core competencies of the companies relating to the parking industry, energy retrofitting, finance and real estate.
About Propark
Propark America is one of the nation's leading parking companies, providing sustainable parking management and parking-related real estate services across the country. Founded in 1984, Propark has successfully merged green, environmental ideals into daily operations, while preserving the company's entrepreneurial spirit and unique culture of creative innovation. Propark's corporate ethos and growing portfolio of diverse properties are transforming the parking industry's approach to sustainable design, development and operations. www.Propark.com
About Garage Juice Bar
Garage Juice Bar, LLC is a leader in electric vehicle (EV) charging station solutions; working with partners in the United States and Canada to provide innovative charging networks across multiple platforms. Garage Juice Bar is an active participant in the Green Garage Initiative, a team of energy conservation and alternative energy innovators. Garage Juice Bar, whose philosophy is "charge cars not people", is committed to the further development and deployment of EV charging stations throughout North America. The creation of an open-sourced platform for EV charging stations will support the integration of a vehicle-based transportation system that is not entirely dependent upon petroleum as a fuel.
About Greenscape Capital
Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital owns 100% of Green.Switch Capital, a Canadian based company focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When marked opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals. www.greenscapecapital.com
ON BEHALF OF THE BOARD
"Bryan Slusarchuk"
CEO and Director
Contact Information:
Greenscape Capital Group Inc.
Suite 700 – 510 West Hastings Street
Vancouver, British Columbia
Canada V6B 1L8
info@greenscapecapital.com
Tel. 1-604-687-7130
Investor Relations Contact
KIN communications
ir@kincommunications.com
Toll Free: 1-866-684-6730
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding future revenues and contracts. 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, when they will occur, or if they do occur, what benefits the company will obtain from them.
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.
