NEWS
Westwood Fibre Announces Name Change to Okanagan Pellet Company, A Viridis Energy Company
August 15, 2010Kelowna, B.C. Viridis Energy Inc. announced today it has changed the name of Westwood Fibre Products to Okanagan Pellet Company. Viridis acquired Westwood Fibre Products in June of this year and filed for a corporate name change. The B.C. government approved the name change to Okanagan Pellet Company, Inc. on August 12, 2010. "Westwood has been manufacturing the super premium brand, Okanagan Pellets, for several years," explained Christopher Robertson, CEO, Viridis Energy Inc. "We want to ensure that our customers have a clear understanding of the value we place on quality and the value of the Okanagan Pellet brand. Changing the company name to reflect its flagship product was an easy decision for us." For further information, contact: Michele Rebiere Executive Vice President Corporate Development & Investor Relations [email protected] (604) 568 8815 About Viridis Energy Inc. Viridis Energy Inc. (TSX: VRD-V) is a publicly traded, "Cleantech" energy company specializing in the production and distribution of premium, softwood pellets, an alternative heating and energy source. Based in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing whose primary business is wood pellets, an alternative energy source that is both renewable and available at lower costs, relative to traditional energy and heat sources. The Company has over 250 customers in North America and distributes four brands including its proprietary, leading brand Okangan Pellets™. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca. Forward-looking Statements Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future operations. 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 or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) the risk that the Company does not execute its business plan, (2) inability to finance operations and growth, and (3) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release. 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 release.
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