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September 29, 2011
Greenscape Closes 1st Tranche of CapTherm Investment & Provides UpdateCompletion of Due Diligence & Agreements with Revolutionary Technology Company As occupancy climbs, Canopy Parking consistently generating revenues over budget Greenscape Capital Group Inc. ("Greenscape") is pleased to announce that, further to its news release of August 23, 2011, the definitive agreements have been completed relating to its acquisition of 40% of the issued and outstanding shares of CapTherm Systems Inc. ("CapTherm"). Greenscape has closed its initial investment comprising of 12.6% of the issued and outstanding shares of CapTherm and will complete the remainder of the acquisition on November 15, 2011. Greenscape is also pleased to report that its Canopy Parking operation near Denver International Airport is performing well above budgeted expectations in spite of continuing economic instability in the United States. The marketing and corporate development programs that were previously announced in May of 2011 for Canopy Airport Parking have yielded significant increases in occupancy rates. Throughout the summer months, the Company has seen, on average, in excess of 2,000 paid customers per day. Occupancy rates and corresponding revenues have exceeded budgeted expectations for the months of June and July of 2011, as well as the subsequent months of August and September. Occupancy reached a high of total daily occupancy of 62% during the three months ended July 31, 2011, and a high of 69% daily during the month of September 2011 (up to the date of this news release). The most significant rate of growth has been generated in the covered parking portion of the facility, which is the highest margin component of the three available parking options. The Company is continuing to invest in innovative marketing and customer acquisition strategies to further occupancy percentages. About Greenscape Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When 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 C. Mark Devereux, 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 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. For more information, please contact Greenscape Capital Group Inc. |
