FSC / Press Release
Carbon Friendly Solutions Signs Agreements with L2I to Validate and Monetize
Vancouver, British Columbia CANADA, March 11, 2013 /FSC/ - Carbon Friendly
Solutions Inc. (CNSX: CFQ) is pleased to announce that it has signed two
agreements with L2I Financial Solutions ("L2I") to obtain additional value from
the Company's carbon credit projects.
The first agreement, the Development and Registration Proposal, allows L2I to
develop a methodology for Carbon Friendly's wholly owned subsidiary, MicroCoal
Inc. ("MCI"), to quantify and monetize greenhouse gas emission reductions that
arise when coal is treated with the MicroCoal(tm) process.
Further, methodology and certification under this agreement will allow MCI to
generate valuable carbon credit offsets under the Verified Carbon Program, a
recognized North American carbon program for MicroCoal commercial facilities in
The second agreement, the Call Option Contract, allows L2I the right to purchase
all of the carbon credits issued from the Company's projects.
Slawek Smulewicz, CEO and Director of the Company, states: "The Development and
Registration Proposal provides a significant opportunity for Carbon Friendly to
generate an additional revenue stream from its internationally patented
MicroCoal(tm) technology. I am pleased that the Company has also entered into a
Call Option Agreement with L2I for the right to purchase the Company's carbon
About L2I Financial Solutions
L2I Financial Solutions (L2I) is a leader in alternative financing relative to
climate, international and responsible financing. L2I works with a wide range of
organizations in: waste management, services, manufacturing and large final
emitters. Its goal is to support the growth of existing companies and to help
the creation of new companies through alternative sources of financing such as
climate finance, including Carbon Offsets, biodiversity and renewable energy,
Government Help, structured financing and international financing.
About Carbon Friendly Solutions Inc.:
Carbon Friendly Solutions Inc., through its subsidiaries, is focused on the
development of energy efficiency technology, renewable energy, and reforestation
projects that have the potential to generate significant revenue. MicroCoal Inc.
has an internationally patented technology that is expected to improve
coal-fired utilities' economic performance by reducing input costs, improving
operations and simultaneously reducing their environmental footprint. Global CO2
Reduction generates Carbon Offsets from forestry projects that may be transacted
through international voluntary markets. Carbiopel S.A. aggregates biomass
supply and produces biomass fuel pellets for the European market, including
large European utilities and independent renewable energy providers, in line
with EU renewable energy directives.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
CEO and Director
Forward Looking Statements
Certain statements included in this News Release contain forward-looking
statements, including disclosure concerning possible or assumed future results
of operations of the Company. Forward-looking statements typically are preceded
by, followed by or include the words - "believes", "expects", "anticipates",
"estimates", "intends", "plans", or similar expressions. Forward-looking
statements are not guarantees of future performance. They involve risks,
uncertainties and assumptions, and the Company's results could differ materially
from those anticipated in these forward-looking statements. Neither CNSX nor its
Regulation Services Provider (as that term is defined in the policies of the
CNSX) accepts responsibility for the adequacy or accuracy of the release.
We seek safe harbor.
CEO and Director,
Carbon Friendly Solutions Inc.
Telephone: (604) 676 9792
To view this press release as a PDF file, please click the following link:
Source: Carbon Friendly Solutions Inc. (CNSX: CFQ)
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-0- Mar/11/2013 12:30 GMT
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