


VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2010) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -
Announcement Highlights:
- Quantitative results show significant and immediate energy savings created
- Greenscape derives revenue via Energy Savings Participation Structure with Robbins
Greenscape Capital Group Inc. ("Greenscape") is pleased to report that its wholly owned subsidiary, Green.Swith Capital Ltd. ("Green.Switch"), has received energy savings data from its initial installation work for Robbins Parking.
Given the initial energy savings data now compiled, it is estimated that the return on Greenscape's Net Invested Capital (total project cost less incentive rebate) will amount to a gross profit of approximately 248% over a 24 month period.
Based on the first contract signed with Robbins Parking, Greenscape receives 100% of the energy savings for the first 24 months, post-installation.
Robbins Parking will retain all of the energy savings generated by the retrofit after the initial 24 month period. Greenscape's total payback period on capital exposed is expected to be less than seven months.
Initial Installation Project Data
- 63.6% of total project costs recaptured through government and utility incentive programs
- Approximately $1.74 of pure energy savings per year created for every $1.00 of net costs
- First 24 months of savings to Greenscape, with Robbins retaining 100% of savings thereafter.
Greenscape enters into an Energy Savings Participation Structure with each client, based on each customer's individual needs. These contracts are targeted to create income for Greenscape, dependent on the customer, over 2 to 8 year periods.
Robbins Parking and its principal subsidiary, Platinum Parking, manage 55,000 parking stalls across North America. They are Canada's second largest parking management company.
About Greenscape Capital
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. Green.Switch provides full‐service energy retrofitting for commercial clients. The Green.Switch energy retrofit process begins with the assessment of client issues and infrastructure, through to project design, capitalizing improvements, attaining government incentive grants when applicable, contracting, installation and monitoring. 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.
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.