NEWS
Viridis Energy Announces Listing (VRI) on the Frankfurt Exchange
December 23, 2010Viridis Energy Inc. (TSX.V.VRD) (OTCQX.VRDSF) (Berlin:VRI) (Frankfurt:VRI) (the "Company") is pleased to announce that effective Wednesday, December 22, 2010, the Company commenced trading on the Frankfurt Stock Exchange in Germany under the trading symbol "VRI.F" (North America).
The Company is pleased to have obtained this secondary listing on the Frankfurt Stock Exchange. Frankfurt is a global financial center and there is considerable interest in Europe with respect to the clean energy sector.
MWB Fairtrade AG facilitated the Frankfurt listing and will also act as the Company's market maker. MWB Fairtrade AG is one of the leading securities trading banks in Germany. It was created from the merger of MWB Wertpapierhandelsbank AG and Fairtrade Finance AG. As an official broker, MWB Fairtrade manages over 11,000 order books and is admitted to all of the German stock exchanges, maintaining offices in Frankfurt, Hamburg, Hanover, Munich, and Berlin. More information can be found on their website at http://www.mwbfairtrade.com.
About the Frankfurt Stock Exchange (FWB)
The Frankfurt Stock Exchange (Frankfurter Wertpapierborse or FWB) is one of the world's largest trading centers for securities. Operated by the Deutsche Borse AG, FWB is the largest of the German stock exchanges. The Deutsche Borse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Borse at: http://www.deutscheboerse. com.
About Viridis Energy Inc.
Viridis Energy Inc. (the “Company”) (TSX: VRD-V) (OTCQX: VRDSF) is a publicly traded, "Cleantech" alternative energy company distributing, marketing, and producing wood pellet biomass. Located in Vancouver, B.C., the Company operates Cypress Pacific Marketing and Okanagan Pellet Company, two acquisitions in the wood pellet sector, thus providing the company with vertical integration for distribution and manufacturing. For more information contact Carlo Nigro at (604) 669-7831 or 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) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to retain key management and employees, (6) ; an increase in the number of competitors with larger resources, and (7) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company's MD&A; in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s MD&A; filed with Canadian security regulators. 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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