Sebastian River Holdings Company Vaenza Teams up with Nature Power for Solar-Wind Success
(SEOUL, SOUTH KOREA) – November 23, 2010 – Sebastian River Holdings Company, Inc. (PINKSHEETS: SBRH) Vaenza, Inc. is pleased to announce that it has merged with Nature Power, a Korean based Wind Power development and manufacturing firm with a 12,000 sq. ft facility south of Seoul, South Korea.
Vaenza CEO, Mr. Sang Gil Oh states, “This is a tremendous opportunity for Vaenza as it gives us additional resources which we feel will expedite the delivery of our technology in both Solar and Wind Power categories as Nature Power will serve as our Wind Power division, allowing our Vaenza team to focus exclusively on Solar Technology, including roadway Solar products, as Nature Power utilizes their existing technology and contact base to effect immediate sales and revenue for our firm.”
The two companies began merger proceedings in October of this year, allowing Vaenza to extend its manufacturing capabilities, in using the Nature Power team and facilities to manufacture solar and wind technology direct to market. Nature Power has existing exclusive distribution contracts to customers in Korea, Asia and Canada through a strategic partner, R.L. Enterprises, which manufactures the wind turbine, solar generator, inverter and battery charger for the company’s Wind Power product line.
Vaenza expects to release contract and sales details in the coming days and all involved, “are excited about the prospect this merger brings,” states Oh.
Gerrard Hollister Investor Relations