Gold River Productions Inc. (GRPS-Pink Sheets) Has Entered Into Negotiations Regarding Funding the Necessary Expenses Associated
05 Mayo 2011 - 8:10AM
Marketwired
John Ohlin, President and Chief Executive Officer of Gold River
Productions Inc. (GRPS) (PINKSHEETS: GRPS), today announced that it
is negotiating with two separate and unaffiliated entities to
provide the necessary funding for the purchases of the factory
equipment necessary to begin operations in our contemplated
facility in Japan. These new sources are independent of earlier
arrangements that remain pending while the company explores the
options available.
Negotiations have begun with First Financial LLC, a Florida
based lender (www.ffcash.net), and another company based in New
York. These new financing options are more typical bank and
equipment financing or lease options with no possible dilution.
Additionally, The Company would like to provide more information
about the "World Home" discussed in the May 4th press release
(http://www.marketwire.com/press-release/Gold-River-Productions-GRPS-Pink-Sheets-Has-Begun-Preliminary-Discussions-With-PINKSHEETS-GRPS-1509909.htm):
"WORLD HOME"
EARTHQUAKE RESISTANT PREFAB HOME
Unlike traditional building methods, the
World Home's advanced fiber
composite design will withstand a considerable amount of bending
forces and vibration generated from high intensity
earthquakes. Rated for category 5 hurricanes, the World Home
can withstand 155 MPH winds. The World Home has passed Florida's
Dade County large and small missile impact test, as well as ASTM
standard test, demonstrating the structural integrity and
durability designed into every World Home structure. The World Home
easily meets E-84 and E-119 ratings pertaining to rate of burn,
smoke density and fire spread tests.
The World Home exterior and interior walls
may be assembled from single panels up to 10 ft. wide by 60 ft.
long. All panels have a smooth surface and are fire resistant which
eliminates the need for drywall. Because of the use of aerospace
high-tech engineered fibers, the World Home's insulated structural
panels (SIP's) weigh 70% less than conventional SIP panels with
plywood facings.
Homes and Buildings may be assembled on-site in one to three
days. Traditional maintenance expense is not required on the
World Home; no rot, swelling or deterioration
over time and no painting.
Our patent pending World Home design provides a green
alternative to conventional materials and assembly methods. Its
very high "R-Value" provides significant energy savings and its
durability requires much less maintenance which reduces the cost of
ownership and offers an eco-friendly solution. The World Home
all-composite construction panels are fully recyclable which helps
reduce greenhouse emissions and lowers dependency for fossil fuel
while leaving a smaller environmental footprint. The designers of
the World Home are adhering to many of the standards set forth by
the Leadership in Energy and Environmental Design Green Building
Rating System (LEED) as well as the U.S. Green Building Council
(USGBC) and Energy Star.
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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