2013-02-27 14:39:19 -
Vancouver, British Columbia CANADA, February 27, 2013 /FSC/ - Carbon Friendly Solutions Inc. (CFQ - CNSX) (the "Company" or "Carbon Friendly") is pleased to announce that it has commenced phase two of its two part engagement with Expansion Funding Partners LLC ("Expansion Funding").
Expansion Funding has successfully concluded the first phase consisting of due diligence on Carbon Friendly and its MicroCoal(tm) technology, as well as the development of various financial models, including the Company's Enterprise and Fair Market Value. The second phase, the Value Expansion ProgramSM, provides the Company with the basis to structure the initial offering of securities on a U.S. stock exchange.
Joseph J. Cecala, Jr., CEO of Expansion Funding LLC, states: "We look forward to completing the
work required for a successful listing on a U.S. stock exchange. Given the Global need for efficient coal burning technology, we are confident that Carbon Friendly can create financial value by establishing its niche in the U.S. coal-burning utility sector."
Slawek Smulewicz, CEO and Director of the Company, states: "Expansion Funding Partners understands the impact our MicroCoal(tm) technology has on individuals, businesses, governments and the environment. With Expansion Funding's insight and the Company's compliance with all necessary requirements, the Company shall have various new opportunities open to it in the U.S. and Global financial Markets."
About Expansion Funding Partners, LLC
Expansion is based in the Chicago, USA area and provides proprietary consulting, valuation and capital sourcing services to public and private companies. Expansion Funding uses its proprietary Value Expansion MapSM and Value Expansion ProgramSM products including calculations of the Company's value based upon Expansion's proprietary Equilibrium Pricing(tm) formulas. These valuations have been used by Expansion's clients to determine appropriate valuation for IPOs and financings.
About Carbon Friendly Solutions Inc.:
Carbon Friendly Solutions Inc., through its subsidiaries, is focused on the development of energy efficiency technology, renewable energy, and reforestation projects that have the potential to generate significant revenue. MicroCoal Inc. has an internationally patented technology that is expected to improve coal-fired utilities' economic performance by reducing input costs, improving operations and simultaneously reducing their environmental footprint. Global CO2 Reduction generates Carbon Offsets from forestry projects that may be transacted through international voluntary markets. Carbiopel S.A. aggregates biomass supply and produces biomass fuel pellets for the European market, including large European utilities and independent renewable energy providers, in line with EU renewable energy directives.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
CEO and Director
Forward Looking Statements
Certain statements included in this News Release contain forward-looking statements, including disclosure concerning possible or assumed future results of operations of the Company. Forward-looking statements typically are preceded by, followed by or include the words - "believes", "expects", "anticipates", "estimates", "intends", "plans", or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, and the Company's results could differ materially from those anticipated in these forward-looking statements. Neither CNSX nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of the release.
We seek safe harbor.
CEO and Director,
Carbon Friendly Solutions Inc.
Telephone: (604) 676 9792
This press release is available in PDF. Please click on the following link to view the PDF file:
Source: Carbon Friendly Solutions Inc. (CNSX: CFQ)
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