SILVERADO, CA -- (Marketwired) -- 04/25/13 -- Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announces that Next Space Solutions LLC ("NSS"), REVI's Joint Venture partner, has exercised its development option with SV Renewables LLC., of Houston, Texas. The option is defined in the recently announced Term Sheet signed by REVI, NSS and REVI's wholly-owned subsidiary, Global Energy Management Ltd. ("GEM").
Under the terms of the option, NSS and REVI/GEM will be co-partners with SV Renewables LCC in a renewable energy project in California. The Term Sheet, announced on April 24, 2013, defined the Principles of Cooperation between REVI/GEM and NSS for the development of Renewable Energy projects in California, Puerto Rico, India and South Africa.
SV Renewables LLC is privately-held project development, principal investment, mergers & acquisitions and advisory firm. SV Renewables is composed of senior international energy and financial executives with a focus on renewable energy projects around the world, with a focus on USA, Caribbean, Canada, Europe, India, Australia and South East Asia. The company is located in Houston, Texas and Toronto, Canada.
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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