GreenWorld enters into a strategic alliance with 3Power to jointly develop US multi-functional carbon neutral Energy Centres

Published on Monday, 25 June 2012 13:17 Written by TradersHuddle Staff

NEW YORK, June 25, 2012 /PRNewswire/ -- Atlanta based GreenWorld Development Inc., (OTCBB: GREW) announces that it signed a strategic alliance and partnership agreement with 3Power Energy Group Inc. (OTCBB: PSPW), to jointly acquire and to develop US multifunctional Energy Centres.

As first steps GreenWorld and 3Power will jointly acquire the North Carolina Biomass/Wood Pellet Plant and develop multifunctional Energy Centres on the "Green Mountain" landfill site in Alabama.  The Alabama site will house "waste tire to energy", "municipal waste to energy", "biomass for energy production plants" and with 3Power's experience also develop a "wind power plant."

Leo J. Heinl, GreenWorld CEO says, "We at GreenWorld are delighted to join forces with 3Power. The synergies are obvious – we both concentrate on renewable energy."

Niall Shanahan, GreenWorld Director of Mergers & Acquisitions adds, "This strategic alliance with 3Power further demonstrates our commitment to the growth of our company to deliver shareholder value."

GreenWorld Development, Inc. is listed on the US OTC Bulletin Board (Symbol: GREW). The company is dedicated to develop innovative, competitive and sustainable products for efficiency goods and services and to support the "Smart Green Economy."

Forward Looking Statement - This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Internet: www.greenworld-global.com

SOURCE Greeenworld Development Inc