Oct. 29, 2010 (TheNewswire.ca) --
Vancouver, BC - October 29, 2010 - Viridis Energy Inc. (OOTC:VRDSF) (TSXV:VRD) (TSX.V: VRD), announced today that Hardman & Co. of London, UK, has initiated corporate coverage of Viridis Energy Inc. The Hardman report, entitled "Viridis Energy Inc., leading producer of wood pellets, a biofuel growth market", is available to the investment community through Bloomberg, Armshare, Thomson Reuters, Thomson First Call, and Factset.
The Viridis report will be circulated to investment institutions in Hardman's Monthly research publication and is referenced in the Hardman & Co. Monthly Company summary for October.
"We are delighted to have a firm of this caliber following Viridis. The opportunities in the biomass sector continue to attract investor attention and Viridis is an excellent consolidation vehicle," says Christopher Robertson, chief executive officer.
The Hardman report is also available on Viridis Energy website under Investor Relations or at Hardman's website www.hardmanandco.com.
About Hardman & Co.
Hardman & Co was founded by Roger Hardman who spent 11 years as head of Small Company Research at HSBC (NYSE:HBC) James Capel, and is a market leader in quality research. Hardman & Co is a market leader in independent equity research on small and mid cap quoted companies not adequately researched by stockbrokers.
About Viridis Energy Inc.
Viridis Energy Inc. (TSX: VRD-V) is a publicly traded, "Cleantech" energy company specializing in the production and distribution of premium, softwood pellets, an alternative heating and energy source. Based in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing whose primary business is wood pellets, an alternative energy source that is both renewable and available at lower costs, relative to traditional energy and heat sources. The Company has over 250 customers in North America and distributes four brands including its proprietary, leading brand Okanagan Pellets™.
For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca.
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future operations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to retain key management and employees, (6) ; an increase in the number of competitors with larger resources, and (7) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company's MD&A in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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