Onyx Service & Solutions Inc (OTCQB: ONYX): Two hydroelectric power
projects located in the country of Honduras became the first facilities
to generate Kyoto Protocol credits, being issued in 2005 by the Clean
Development Mechanism (CDM) in Bonn, Germany in 2005. ONYX is advancing
to repeat this process with its newly awarded 22 Megawatt Solar Project,
which also happens to be located in Honduras. The strategy could have
very positive effects for the Company’s revenues as a result.
Eagle River Technology, a power project financing consultancy, attended
the presentation ONYX made for their new 22 MW solar project to
government leaders on Roatan, Honduras on Sept 21st. After
consulting further with Eagle River, ONYX management has decided to make
application to the CDM for all of its solar projects that are intended
to offset diesel generated power in Latin America and the Caribbean.
This could prove to be a major new source of revenue for ONYX.
Currently, ONYX has been awarded two solar power projects in Honduras
and has several other projects in the development phase that may qualify
for the CDM credits.
Details of the new 22 MW solar project for Roatan, Honduras can be seen
at http://www.solar-stock.com/solar-diesel-reduction.html
The Onyx Service & Solutions mission is to manifest cutting edge energy
technology, products, manufacturing advances and construction projects
to successfully compete in a global energy marketplace, which includes
General Electric (NYSE: GE), LDK Solar (NYSE: LDK), Trina Solar (NYSE:
TSL) and First Solar (NASDAQ: FSLR)
For more information on the Company see: http://www.OnyxService.com.
About Onyx Service & Solutions, Inc. (OTCQB: ONYX)
Onyx Service & Solutions, Inc. is a for-profit corporation that focuses
on brilliant alternative energy solutions including medium to
large-scale solar construction projects, cutting edge solar technology
acquisition and development, new to market solar product development,
advances in solar product manufacturing, worldwide solar product sales
and creative financing expertise of alternative energy related projects.
ONYX Service & Solutions Inc. is listed on the NASDAQ OTC exchange as an
OTCQB tier company. OTCQB companies report to the SEC or a U.S. banking
regulator, making it easy for investors to identify companies that are
current in their reporting obligations. OTCQB securities may also be
quoted on the FINRA BB. The OTCQB allows investors to easily identify
reporting companies traded in the OTC market regardless of where they
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Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information 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, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
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addition, description of anyone's past success, either financial or
strategic, is no guarantee of future success. This news release speaks
as of the date first set forth above and the company assumes no
responsibility to update the information included herein for events
occurring after the date hereof.
