2013-01-29 17:24:11 -
Vancouver, British Columbia CANADA, January 29, 2013 /FSC/ - Carbon Friendly Solutions Inc. (CFQ - CNSX),(the "Company" or "Carbon Friendly") is pleased to announce that Expansion Funding LLC ("Expansion") has successfully completed phase one of Expansion's due diligence on Carbon Friendly, its wholly owned subsidiary, MicroCoal Inc. ("MCI"), and the MicroCoal(tm) technology.
Over the next month, Expansion will be undertaking an extensive due diligence on the Company, with a focus on the MicroCoal technology, which is the Company's internationally patented coal processing technology. The Company engaged Expansion as part of its strategic objective to create a listing and offering of shares on a United States based stock exchange.
Mr. Joseph J. Cecala, Jr., CEO of Expansion Funding LLC, states: "We
are pleased to work with Carbon Friendly as the Company is aligned with our philosophy of creating financial value from the use of technology to power sustainable growth. In particular, we met with Carbon Friendly and MicroCoal's management team, and believe the MicroCoal(tm) technology has the potential to transform the coal-burning utility sector."
Slawek Smulewicz, CEO and Director of the Company, states: "We are very pleased to have begun our partnership with Expansion Funding Partners and believe that successful completion of the first phase of due diligence is indicative of the underlying strength of the Company and its MicroCoal(tm) technology. Carbon Friendly is dedicated to quickly completing all subsequent requirements in order to gain access to US capital markets. Further, as previously announced, the Company and its MicroCoal technical and sales team are continuing to move forward on international sales opportunities for MicroCoal. "
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 Map (sm) and Value Expansion Program (sm) 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
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Source: Carbon Friendly Solutions Inc. (CNSX: CFQ)
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