SILVERADO, CA -- (Marketwire) -- 03/18/13 -- Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announces that Resource Ventures, Inc. ("REVI") has acquired the independent energy investment company, Global Energy Management Ltd., ("GEM"). GEM was formed in 2012 to participate in the global energy marketplace through the acquisition and exploration of oil and gas leases as well as the development, acquisition and operation of electrical generation and distribution facilities.
The GEM acquisition, valued at $10 million, brings to Resource Ventures several projects that are in early to late stage negotiations, planning or development, including the development of plans for a 200MW power plant in Africa.
The plans for the 200MW power generating facility include the design, staged construction and operation of four 50MW turbine generator sets capable of utilizing natural gas, conventional diesel, bio diesel or any combination of the three fuels. Each generator set, when in operation, would be expected to provide GEM with annual revenue of over $50 million (EBITDA), resulting in the completed project having a third party valuation in excess of $380 million.
Commented President Bob Thompson, "The acquisition of Global Energy Management is a great first step for Resource Ventures in the implementation of our strategic vision. GEM is already in the development stage of a major project and has begun negotiations or planning on other projects. GEM provides Resource Ventures with several global energy and power production opportunities as well as immediate access to important international petroleum and power production players."
About Resource Ventures, Inc. (PINKSHEETS: REVI)
Resource Ventures, Inc. ("REVI") is an emerging independent global Electrical Power Production and Petroleum Exploration Company that is focused on the acquisition and development of a diversified portfolio of complementary power generation and energy production projects.
REVI's strategic vision anticipates the utilization if both modern and traditional power generation technologies in combination with diverse energy sources, including oil and natural gas as well as renewable energy sources such as biomass, bio-diesel, wind power and photovoltaic systems.
For additional information:
Telephone: 888.497.REVI (888.487.7384)
Web Site: http://www.resven.com
Investor Information visit http://www.otcmarkets.com/stock/revi/quote
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
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