Vancouver, British Columbia (May 30, 2014) – GreenAngel Energy Corp. (TSX.V:GAE) has acquired a 30 percent equity interest in a newly formed corporation, CamDo Solutions Inc. that will market innovative photographic solutions especially suited for remote monitoring and environmental applications.
In an agreement entered into by Cam-Do.com LLC of Madison, Wisconsin, Todd McCann of Brisbane, Australia and GreenAngel, a new company, CamDo Solutions Inc., was incorporated in Vancouver to launch a global marketing venture specializing in proprietary photographic industry and green technology products. CamDo Solutions Inc. will be 40 percent owned by Todd McCann, 30 percent by Cam-Do.com LLC and 30 percent by GreenAngel. These ownership interests are founders shares that are subject to vesting provisions and dilution pursuant to future investment rounds.
GreenAngel’s role is to provide corporate finance and advisory services to CamDo Solutions. Todd McCann will become CEO of CamDo Solutions Inc., which will be headquartered in Vancouver. Cam-Do.com LLC began shipping products over a year ago and CamDo Solutions will immediately take on the responsibility for sales and order fulfilment.
“This is a great opportunity for GreenAngel to use its connections to assist in the launching of a new venture with products for which there is already more than one year’s track record,” says Mike Volker, Chair, GreenAngel Energy Corp. “And, it gives us a platform for the marketing of new greentech products in the future.”
“The overwhelming demand for Cam-Do.com’s current products led us to seek a broader corporate umbrella under which we will be able to expand our product range and international market penetration,” says Peter Jennings, Founder of Cam-Do.com LLC. “With CamDo Solutions Inc. and GreenAngel, we feel that we will be positioned for extraordinary rapid growth.”
Todd McCann, CEO, CamDo Solutions Inc. adds: “The diversity of products so far is the tip of the iceberg, as more opportunities present themselves almost daily. With such a successful start thanks to Peter Jennings’ broad skill-set, the focus now is to execute the strategy, particularly in the areas of product development, supply chain and marketing.”
CamDo Solutions Inc. will be participating in GreenAngel’s PowerHaus Pavilion at the Cambridge House Investor Conference in Vancouver scheduled for June 1-2, 2014.
About GreenAngel Energy Corp.
GreenAngel Energy Corp. is a green energy technology commercialization company, with a focus in commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. GreenAngel also works with companies that deploy or manage technologies and processes that reduce greenhouse gas emissions. In addition to providing strategic capital to investee companies, GreenAngel also provides business and advisory services to help ensure these companies achieve commercial success.
About Cam-Do.com LLC
Cam-Do.com LLC commercializes specialty products for the photographic industry and solutions for remote monitoring and control. With customers in 74 countries and 54 US states and territories, Cam-Do.com represents an international team of software and hardware developers with years of experience developing custom solutions to real world problems. The Company was created by Peter Jennings, a Silicon Valley veteran best known for founding VISICORP, a company that brought the world’s first successful spreadsheet, VISICALC, to market. Peter is an entrepreneur, inventor and creator of numerous products.
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Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s issuance of Debentures, payment of interest thereon, acceptance of the offering by the TSX Venture Exchange and the Company’s use of the proceeds of the offering, including investment in RBF instruments. 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. The Company disclaims any obligation to update the forward-looking statements except as required by law.