Company Again Reminds Shareholders Of Cut-Off date To Be Eligible For Upcoming Issuance Of A Special Common Stock Dividend To Shareholders Of Record On Record Date Of December 10, 2021.
NEW YORK, NY / ACCESSWIRE / November 19, 2021 / Green Stream Holdings Inc. (OTC PINK:GSFI) ("the Company") (https://greensolarutility.com), an emerging leader in the solar utility and finance space, today announced that it has engaged a nationally known a full service engineering and environmental solutions provider with extensive international expertise in the solar renewable energy field providing photovoltaic design and engineering services, to assist the Company in installing ground-mount solar farm in 4777 Dewey Ave, Greece, NY 14612. EnSol Inc. is an environmental firm with versatility and agility which specializes in permitting, design and construction for waste & material management and renewable energy facilities.
EnSol, Inc. is a locally-owned engineering firm of approximately 30 employees located near majestic Niagara Falls, USA. EnSol's team comprises of P.E.s, PG.s and a P.L.S., engineers, geologists, surveyors and technicians all working together to bring efficient and creative solutions to our clients. We do this by leveraging decades of experience and using the agility of a small firm. We maintain P.E. registrations in New York, Pennsylvania, Connecticut, Massachusetts, Florida, Ohio, Virginia, Texas and Tennessee.
The Company previously entered into a contract with Amergy Solar Inc.to provide $24 Million In Equipment and Installation Costs for the Solar Photovoltaic System Installation system to Install A 7,400kW Ground Mounted Solar PV System for a Solar Farm In 4777 Dewey Ave, Greece, NY 14612
EnSol will also provide Civil & Environmental Engineering, Construction CQA, Land Surveying, sUAS Aerial Imaging and Project Management for the project. For more information go to: https://oliveridleypaints.wixsite.com/ensolinc
CEO James DiPrima said: "This project for a 7,400kW Ground Mounted Solar PV Solar Farm system In Greece, NY., the first of more to come, should generate reccuring revenues for the company as we complete this project".
The Company is also reminding shareholders that in order to receive the share issuance, the shareholder will have to hold shares as of the Record Date, December 10, 2021.
The Company restated that, On October 1, 2021, the Board of Directors of Green Stream Holdings, Inc. (the "Company") authorized a stock dividend of one (1) share of the Company's common stock, par value $0.001 par value (the "Common Stock"), for each one hundred (100) shares of Common Stock held on December 10, 2021 (the "Record Date"). In response to shareholder reaction, the Company reiterates that this transaction is an issuance of additional shares from the company to each shareholder who holds a minimum of 100 shares on the Record Date. Those shareholders will receive: "… one (1) share of the Company's common stock, par value $0.001 par value (the "Common Stock"), for each one hundred (100) shares of Common Stock held on December 10, 2021..."
The Distribution will take place in the form of a pro rata common stock dividend to each Green Stream stockholder of record on the Distribution Date. No action is required by the applicable shareholders.
No fractional shares of common stock will be distributed. Instead, Green Stream stockholders will receive a number rounded to the next highest number. The Distribution is intended to qualify as tax free to Green Stream stockholders for U.S. federal income tax purposes.
No vote or action is required by Green Stream's stockholders in order to receive the Distribution, which is subject to certain customary conditions, which conditions are expected to be satisfied on or prior to the distribution date.
About Green Stream Finance, Inc.
Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership with major investment groups, brokers, and private investors in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned to become a significant player in the solar space.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
SOURCE: Green Stream Holdings Inc.
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