VANCOUVER, B.C. — Greenscape Capital Group Inc. announced today that Green.Switch Capital Corp., a wholly-owned Greenscape company, has entered into an agreement to build, operate and own Green Park DIA. Green Park DIA will be a 4,200 stall lot serving the Denver International Airport. The lot will aim to be the world's greenest parking facility with a wide variety of environmentally sensitive operating methods in place. The construction is based on LEED GOLD building principles, alternatively fuelled shuttle vans, solar and wind energy sources, porous pavement, natural landscaping, and geothermal energy. Green Park DIA can also harness landfill produced methane gas, converting it to natural gas for facility energy needs.

By land size, DIA is the largest international airport in the U.S. and the third largest airport in the world. It is also the fifth busiest airport in the U.S. and the tenth busiest airport in the world in terms of passenger traffic. DIA was voted the 2005 "Best Airport in North America" by readers of Business Traveler Magazine and was named "America's Best Run Airport" by Time Magazine in 2002. DIA now serves more than 51 million passengers annually. Future passenger growth and airport expansion is forecast.

In addition to adding a significant financial asset to Greenscape, this transaction will also give Greenscape a "showpiece green facility" as the company seeks to green third party parking operations, via energy retrofits, throughout North America including future potential projects that fall under Propark's ambitious green mandate. This transaction will also serve as a corporate and environmental model for future potential developments at other North American airports, structured in the same manner.

Green.Switch is to own 90% of the entity. The 10% minority interest will be owned by ProPark USA. A Letter of Intent (LOI) has been executed to initiate this transaction. The closing of the transaction is expected to take place on or before February 15th, 2010.

Bryan Slusarchuk, Greenscape CEO, states, "This will be the world's greenest parking facility, a world-class asset, at a world-class location. While this asset alone creates substantial potential upside for Greenscape shareholders via the project value and the targeted net income, it should be noted that this will also serve as a showpiece and as a model for future corporate expansion plans. In addition to showcasing Greenscape, today's announcement also highlights the fact that British Columbia, Canada is a leading source of talent, entrepreneurial spirit and capital in the environmental world and for that, I congratulate the environmental professionals and management of Green.Switch for getting this agreement signed."

Propark America is based in Hartford, Connecticut, and generates revenues in excess of $100 million per year and manages a labour force of 1200 employees in markets across the United States. Propark has established a significant environmental mandate, via "Propark Green" which is built around conservation and eco-friendly practices.

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 increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices — it provides full-service energy retrofitting for commercial clients.

For more information visit www.propark.com, www.greenscapecapital.com, or www.greenswitchcapital.com.

< Prev		Next >