Gold River Productions Inc. (GRPS-Pink Sheets) Reports Discussions With Potential World Home and Monolithic P.V. Solar Roof Syst
May 24 2011 - 8:15AM
Marketwired
John Ohlin, President/CEO of Gold River Productions (PINKSHEETS:
GRPS) and its wholly owned subsidiary, AeroQuest Technologies,
reported today that the company is in discussions with a group of
builder/developers of residential real estate for licensing rights
to its World Home and Monolithic, P.V. Solar Roof System (patents
pending).
"This group of residential developers owns approximately 3,000
building lots in two developments in the south east and south west
U.S. They have plans to develop them as the most 'green' and energy
efficient homes in the world. Terms of the license are currently
being discussed but will include besides the license fee and
exclusive territory, three to six prototype model homes for the two
developments," Mr. Ohlin reported.
"The license will be exclusive for specific geographic areas and
the license fee will provide the company with the necessary capital
to begin production of these two products as well as our one-piece
pontoon boat decks. The proposed World Home model houses that these
developers are considering will be between 2,000 to 3,000 square
feet in size. When coupled with our recently announced hiring of a
World Home/Solar roof manager, these licenses when signed, will
give our company a great start with potential annual sales in
excess of $10 - $15 million dollars per year," Mr. Ohlin
stated.
For complete information on the Company please go to our web
site www.atpanels.com.
Except for historical information contained herein, the
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the company's actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional financing
and other risks.
Contact: Mr. John Ohlin President/CEO 801-523-2744
Gold River Productions (PK) (USOTC:GRPS)
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