Business & Finance
Business and Finance
Business and Finance
Wed, August 26, 2009
Tue, August 25, 2009 Solanex Management Inc. and Geo Finance Corporation: Solanex Management, Inc. and Geo Finance Corporation Sign MOU to Form Join
LAS VEGAS, NEVADA--(Marketwire - Aug. 25, 2009) - The Boards of Solanex Management Inc. (OTCBB:SLNX) and Geo Finance Corporation (PINK SHEETS) ("the Companies") announce today that they have signed a Memorandum of Understanding ("MOU") dated August 21 2009 to form a Joint Venture whereby Solanex will provide working capital to the Joint Venture and Geo Finance will provide its business models as well as full inclusion of its client lists as well as all sales and marketing IT of Geo Exchange renewable energy programs.
The Joint Venture will be established by means of a Limited Liability Company (LLC) under US Law, with its place of business being in the State of Nevada According to the terms of the MOU, the JV shall be 51% owned by Solanex and 49% by Geo Finance. There is a 60 day "Negotiation Period" to formalize the MOU and a performance date of 90 days thereafter for Solanex to provide the required working capital of $500,000.00 for the JV.
To learn more about the Companies, visit their websites at: [ www.solanexmanagement.com ] and [ www.geofinancecorp.com ].
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
For more information on Solanex Management, Inc., visit: [ www.SLNX.QualityStocks.net ]
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