Green Stream Holdings, Inc. Lights Up New York with Multiple MOU's To Expand Its Reach In Northeastern US

Malibu, California--(Newsfile Corp. - July 23, 2020) - Green Stream Holdings Inc. (OTC PINK: GSFI), a holding company of Green Stream Finance, Inc., a solar utility and finance company, today announced that it has recently entered into MOU's in New York.

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In line with GSFI's business model, Morali Architects will design alongside construct and install or retrofitting of various solar structures (rooftops, canopies, parking structures and more) at the designated locations leased by GSFI. The structures produce energy from the sun and GSFI owns the contracts with ability to sell the energy generated to the surrounding communities.

"We are on our way to becoming an industry leader in the renewable energy utility space," states CEO Madeline Cammarata. "The opportunity in New York is unique in that NY communities offer cash upfront, in addition to above average rates, nationally. We anticipate the projects targeted in New York and surrounding states will generate an average of $265k per year, per project over the 25 year contracts we are able to secure." 

One of the Company's new deals, the "Imlay 160 Project" is with Red Hook 160 LLC, a privately‐owned residential developer and owner of residential apartment buildings in New York City, owns 160 Imlay Street, Brooklyn, New York 11231.

  

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The project shall include implementation of a rooftop photovoltaic system providing at a minimum of 300- 450 Kw of electric Photo Voltic Power, utilizing approximately 1000-1440 panels, on approximately 22,000 square foot space on the property.

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Earlier this year the Company had previously disclosed that it had entered into an agreement to construct solar car ports in three separate high traffic locations, owned by a well-known successful regional gas station owner/provider.

"We are thrilled to announce that albeit the prior agreement called for three locations in the North East initially, we expect to expand to all locations post completion," states Cammarata.

The project calls for Green Stream Holdings to lease the land from the owner for a fixed fee over a twenty-year period. Green Stream Holdings together with Morali Architects as their joint venture partner in this project, will design, erect, construct and install or retrofit the structures at the three locations as well as the locations to be announced. Another result of utilizing Morali's technology will be that this project will also contribute to the reduction of the location's carbon footprint.

About Green Stream Finance, Inc.:

Green Stream Finance, Inc., a Wyoming-based corporation 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.

Forward-Looking Statements:

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.

Company Address

Company Contact/Address
1620 Marquez Avenue Pacific Palisades, CA 90272

Phone: 310-230-0240

For All Inquiries Contact:
info@greenstreamfinance.com

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