VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/03/10 -- Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE: GRN) -
Announcement Highlights:
-- 7 boreholes completed to a depth of 300 feet on each borehole -- Denver facility has wind, solar, and geothermal incorporated into design
Greenscape Capital Group Inc. is pleased to announce that the geothermal boreholes have been completed at the Denver Greenpark LLC ("GP") green parking facility.
The geothermal system at GP will be used to heat and cool the portion of the parking facility that is indoor and climate controlled. The indoor experience that customers can expect at GP is weather-protected, climate controlled and hospitality-oriented.
Seven boreholes were drilled onsite, each to a depth of approximately 300 feet. The boreholes were drilled with a 4.75" bit, and loaded with 1" diameter high density polyethylene geo loop, and then grouted with thermal enhanced grout. During the heating season, the circulated fluid temperature will drop and during the cooling season, the loop field temperature will be increased. Typical temperatures of the loop field will range between 40 - 75 degrees Fahrenheit, depending on weather. The work was completed by Rogers & Sons Inc., based out of Denver, Colorado.
In addition to the geothermal heating and cooling system, other green features at GP include a solar power array and wind turbines for power generation, LED lighting and electric vehicle charging stations.
Greenscape and its operating partner, Propark, are working with a number of green product suppliers to build GP as the world's greenest parking facility.
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.
About Greenscape
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
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. Specifically, there can be no assurance that the energy savings or targeted profits from the transaction with Robbins Parking will occur.
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.
Contacts:
Greenscape Capital Group Inc.
Bryan Slusarchuk
CEO and Director
1-604-687-7130
info@greenscapecapital.com
www.greenscapecapital.com
KIN communications
Toll Free: 1-866-684-6730
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