PALM BEACH GARDENS, Fla.,
March 25, 2015 /PRNewswire/
-- Golden Age Resources, Inc. (OTC MARKETS Pink: GDAR)
announced today a new subsidiary in Merida, Yucatan, Mexico, and is currently
looking for premises to locate a large "Green" energy facility in
the city to generate energy as an official renewable energy
producer.
Mexico is the world's
17th largest solar producing country. Currently,
Mexico's solar output is expected
to increase from its current 60 megawatts to over
350 megawatts in 2015 and plans to become the leading solar
producing country in Latin America. Recent legislation in
Mexico allows private firms to
produce energy for the state-owned energy industry, a move
described as the biggest economic breakthrough in the country in
recent years.
Mr. Thomas Wolff, president of
GDAR's Mexican Subsidiary, said: "We are delighted to
announce the next step in the development of our company. The
Mexican 'Green' Energy market presents opportunities for proactive
companies and we are extremely excited about the growth potential
of the new operation in Merida, Yucatan,
Mexico."
The Company's Subsidiary in Mexico is being launched to develop solar
power within Mexico. The subsidiary is focusing on creating
long term energy production with "Green" energy, solar LED light
solutions for government projects and roads, and solar energy
systems for corporate and private properties.
A by-product of these Power Purchase Agreements will be reduced
energy costs for local homeowners, and small businesses throughout
the areas, which we intend to service.
Mr. Terence Byrne, President,
CEO, CFO and director of The Company stated: "The selection of Mr.
Wolff as the president of The Company's newly formed subsidiary in
Mexico is an important step in the
development of The Company. Mr. Wolff, I believe, is a key
member of our team as well as a key asset to the growth of The
Company."
Golden Age Resources recently announced that it has secured
financing from an institutional investor. The Company plans
to expand its wholly owned Subsidiary in Mexico, as well as further develop its
presence in the solar energy arena.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core
business to technology and Latin American and International solar
energy markets providing project development, medium and long-term
finance solutions and investments into solar energy related
projects. This re-direction promises enhanced corporate and
shareholder values.
Forward Looking Statements: This press release contains "forward
looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward
looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to risks and uncertainties that could cause
future results to differ materially from the forward looking
statements. You should consider these factors in evaluating the
statements herein and not rely on such statements. The forward
looking statements in this release are made as of the date hereof
and Golden Age Resources, Inc. undertakes no obligation to update
such statements.
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SOURCE Golden Age Resources, Inc.