Energy Edge Announces Sale of Carbon Credits Revenues from pending sales expected to top $700,000
BRIDGEWATER, N.J., April 30, 2012 /PRNewswire/ -- Energy Edge Technologies Corporation (OTCBB: EEDG) announced today that it is about to reap huge dividends from its engagement of Green Giant Venture Fund (GGVF), a leading broker in the global carbon credits market.
Based on GGVF's recently concluded audits on the energy efficiency work already completed by EEDG along with the work that it is now contracted to perform (utilizing UNFCCC/CDM methodology in conjunction with the Verified Carbon Standard), EEDG will be able to sell approximately 110,000 tons of reduced CO2 emissions on the carbon credits market.
"Engaging Green Giant has proven to be an excellent investment for Energy Edge and our shareholders," stated Robert Holdsworth, President of Energy Edge. "Green Giant not only has the necessary experience and registrations to develop the required design documents, they've also brought an extensive network of international carbon credit buyers to the table for us."
"The ongoing sale of these carbon credit projects represents tremendous potential revenue and cash flow for our Company and should also provide the funding needed to execute our aggressive near-term growth strategy," Holdsworth concluded.
For more information about the above carbon credits or to receive the report documents, please contact
Green Giant Venture Fund
World Bank- Carbon Finance registered service provider
UNFCCC -CDM Bazaar registered service provider
About Energy Edge Technologies Corporation (OTCBB: EEDG.OB)
EEDG provides turnkey energy efficiency projects that reduce a facility's operating costs and C02 emissions. For more information, visit www.energyet.com.
Contact: Sandy Mascia
(888) 729-5722 x109
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
SOURCE Energy Edge Technologies Corporation