STOCK TITAN

Green Stream Holdings, Inc., Enters Into EV Charging Station Installation and Management Agreement With Ramapo Communications Corp. (RAMAPO) For Company’s JV With Premiere Empire Energy To Install Electronic Charging Stations

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Green Stream Holdings Inc. (OTC PINK:GSFI) has announced a joint venture with Premiere Empire Energy and an MSA agreement with RAMAPO for the installation of electric vehicle charging stations. RAMAPO will handle equipment furnishing and installation, with the ownership of charging equipment transferring to customers after completion. CEO James DiPrima indicated that this venture could significantly drive revenue for both companies, highlighting a 50/50 profit split. The goal is to expand EV charging infrastructure nationwide, reducing carbon footprints for clients.

Positive
  • Joint venture with Premiere Empire Energy and MSA agreement with RAMAPO can drive revenue.
  • 50/50 profit sharing model indicates potential for substantial financial benefits.
  • Expansion into EV charging stations aligns with sustainability trends.
Negative
  • None.

RAMAPO is a telecommunication infrastructure contractor providing services to the major wireless carriers, tower owners, OEM's and government agencies for 25 Years; Empire Provides EV Charging Management Solutions Including Customer Services Issues

NEW YORK, NY / ACCESSWIRE / December 21, 2021 / Green Stream Holdings Inc. (OTC PINK:GSFI) ("the Company") (https://greensolarutility.com), an emerging leader in the solar utility and finance space, previously announced on July 2 and 6, 2021, announced that it has entered into a Joint Venture (JV) with Premiere Empire Energy, LLC, ("Premiere") to provide electric charging stations to both company's clients. Today it announces that it has entered into an MSA Agreement with RAMAPO to work on the project.

RAMAPO will furnish and install all equipment, installation costs and associated rebates (as available) for EV charging stations and shall be compensated for all work required for the completed installation of electric vehicle chargers by the JV. After completion of EV installation, the ownership of the charging equipment shall be transferred to "customer".

RAMAPO has a 25 year history of satisfying clients, Ramapo Communication Corp.

Specializes in providing construction and maintenance services for the wireless communication and fiber optic industry. Our expertise in all aspects of telecom facilities makes us the ideal choice for a wide range of build-to-suit projects for the wireless industry. For more information go to: https://www.ramapocommunication.com

Premiere provides EV charging management solutions made easy with premium customer service to its clients. It allows their customers to take advantage of valuable rebates available under federal and state sustainability programs; to control access, set pricing and review real-time data on station usage and performance; and to get help when needed, day or night, with 24/7 support for their customers and their drivers/customers.

CEO James DiPrima said: "This JV should be a substantial revenue driver for both companies. We will build solar and now electric car charging stations for our and their clients, all the while we will be helping them reducing their carbon foot prints. We will split the net profits on a 50/50 basis. We hope to deploy this model nationwide to give consumers options and helping gas stations reduce their carbon foot print."

About Premiere Empire Energy:

Premier Empire Energy is a leading New York Energy Supply Company (ESCO). Premier Empire Energy, provides energy services to small business, commercial, and residential customers in deregulated energy markets. We strive to provide our customers with the most competitive electricity and natural gas rates, in an effort to become New York's favorite energy supplier!​​ ​

We look forward to providing our clients with our most competitive electric and natural gas rates, and becoming their favorite commercial energy supplier!

An Energy Service Company, commonly referred to as ESCO, is a licensed company that can purchase electricity and natural gas for customers. ESCOs, also referred to as third party supplier, operate in deregulated markets. ESCOs take over the Supply section of a customer's utility bill. Our customers will still be a customer of their Utility, as the utility will be in charge of the delivery of energy and maintenance of the customer's meter and wires.

At Premier Empire Energy, we pride ourselves on providing outstanding customer service with an honest, educational, and transparent approach to energy sales. We are committed to providing you with the information your home and business needs to make informed, efficient decisions about energy products and services. It is our goal to foster long term customer relationships that are maintained by open communication and flexibility.

About Green Stream Finance, Inc.

Green Stream Finance, Inc., a solar utility and finance company with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership with major investment groups, brokers, and private investors in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned to become a significant player in the solar space.

Forward-Looking Statements:

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

For All Inquiries Contact:

+1 (424) 280-4096
president@greenstreamfinance.com
Website: greensolarutility.com
Phone number: (646) 669-7007

SOURCE: Green Stream Holdings Inc.



View source version on accesswire.com:
https://www.accesswire.com/678804/Green-Stream-Holdings-Inc-Enters-Into-EV-Charging-Station-Installation-and-Management-Agreement-With-Ramapo-Communications-Corp-RAMAPO-For-Companys-JV-With-Premiere-Empire-Energy-To-Install-Electronic-Charging-Stations

FAQ

What is the recent announcement from Green Stream Holdings Inc. (GSFI) regarding EV charging stations?

Green Stream Holdings Inc. announced a joint venture with Premiere Empire Energy and an MSA agreement with RAMAPO for installing electric vehicle charging stations.

How will RAMAPO contribute to the EV charging stations initiative of GSFI?

RAMAPO will furnish and install equipment for the charging stations, handling all associated costs and rebates.

What is the profit-sharing arrangement in the GSFI joint venture?

The joint venture will split net profits on a 50/50 basis between GSFI and Premiere Empire Energy.

How does GSFI plan to expand its services in the EV charging market?

GSFI aims to deploy its EV charging station model nationwide, providing options to consumers and helping to reduce carbon footprints.

What does the partnership with RAMAPO signify for GSFI's business model?

The partnership indicates a strategic shift towards renewable energy solutions and an expansion into the EV charging market.

GREEN STREAM HOLDINGS

OTC:GSFI

GSFI Rankings

GSFI Latest News

GSFI Stock Data

654.18k
6.51B
0.56%
Utilities - Renewable
Utilities
Link
United States of America
Sheridan