SILVERADO, CA -- (Marketwire) -- 03/27/13 -- Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announces that Global Energy Management Ltd., a wholly owned subsidiary of Resource Ventures Inc. ("REVI"), has signed a Letter of Intent ("LOI") anticipating a series of Joint Ventures with Next Space Solutions LLC of California.
The Joint Ventures referenced in the LOI include multiple renewable power production assets in California totaling 50 MW. The first proposed Joint Venture is the acquisition and development of a photovoltaic project with an estimated value of $2 million.
A binding commitment with respect to the joint ventures is dependent upon satisfactory completion of due diligence.
Commented President Bob Thompson, "REVI's Strategic Vision includes the acquisition, development and operation of oil and gas and renewable energy projects around the globe, including projects like those with Next Space Solutions in the United States of America, the largest energy producer and consumer in the world."
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 of 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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