NEW YORK, June 25, 2012 /PRNewswire/ -- Atlanta based
GreenWorld Development Inc., (OTCBB: GREW) announces that it signed
a strategic alliance and partnership agreement with 3Power Energy
Group Inc. (OTCBB: PSPW), to jointly acquire and to develop US
multifunctional Energy Centres.
As first steps GreenWorld and 3Power will jointly acquire the
North Carolina Biomass/Wood Pellet Plant and develop
multifunctional Energy Centres on the "Green Mountain" landfill
site in Alabama. The Alabama
site will house "waste tire to energy", "municipal waste to
energy", "biomass for energy production plants" and with 3Power's
experience also develop a "wind power plant."
Leo J. Heinl, GreenWorld CEO
says, "We at GreenWorld are delighted to join forces with
3Power. The synergies are obvious – we both concentrate on
renewable energy."
Niall Shanahan, GreenWorld
Director of Mergers & Acquisitions adds, "This strategic
alliance with 3Power further demonstrates our commitment to the
growth of our company to deliver shareholder value."
GreenWorld Development, Inc. is listed on the US OTC Bulletin
Board (Symbol: GREW). The company is dedicated to develop
innovative, competitive and sustainable products for efficiency
goods and services and to support the "Smart Green Economy."
Forward Looking Statement - This release contains
statements that constitute forward-looking statements. These
statements appear in a number of places in this release and include
all statements that are not statements of historical fact regarding
the intent, belief or current expectations of the Company, its
directors or its officers with respect to, among other things: (i)
the Company's financing plans; (ii) trends affecting the Company's
financial condition or results of operations; (iii) the Company's
growth strategy and operating strategy; and (iv) the declaration
and payment of dividends. The words "may," "would," "will,"
"expect," "estimate," "anticipate," "believe," "intend," and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors.
Internet: www.greenworld-global.com
SOURCE Greeenworld Development Inc