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Greenscape appoints Mr. Yale Loh, MBA, CFA to board of directors


Greenscape Capital Group Inc. (TSX VENTURE: GRN)

Announcement Highlights:

  • Current Treasurer at BC Hydro & Power Authority, one of Canada's largest utilities
  • Chartered Financial Analyst (CFA) with Master of Business Administration (MBA) degree in finance from J.L. Kellogg School of Management

Mr. Loh is currently Treasurer, BC Hydro & Power Authority ('BC Hydro') which is the third largest electric utility in Canada. As Treasurer, he has been responsible for leading a team of professionals managing key financial risks associated with interest rate, foreign exchange, and pension investment risk along with catastrophic insurance and corporate credit risk programs. He has overseen all debt and financial derivative transactions including the modeling and documentation of transactions in accordance with accounting requirements. Mr. Loh also represented the utility in successful negotiations with First Nations bands leading to land claim settlements and was part of the negotiating team that led to BC Hydro's acquisition of a third interest in the Waneta Dam from Teck Resources.

Prior to his appointment as Treasurer, BC Hydro in 2006, Mr. Loh held other roles at the utility including Assistant Treasurer, Manager of Cash & Liability Management and Manager, Structured Finance.

Mr. Loh also formerly held the positions of Senior Manager of Treasury Management at Citizens Bank of Canada; Trader, Spot Foreign Exchange at JP Morgan in New York, United States; and Trader, Foreign Exchange and Money Market at the Bank of Nova Scotia in Vancouver, Canada.

Mr. Loh is a Chartered Financial Analyst and has a Master of Business Administration degree in Finance from the J.L. Kellogg School of Management at Northwestern University, Evanston, Illinois.

Mr. Loh has completed both the Canadian Securities Course and the Canadian Options Course with honours. He is the Chair of the Board of Directors of the Greater Vancouver Big Brothers Foundation and a member of the Board of Directors of the Association of Financial Professionals of Canada. Mr. Loh has also been a guest lecturer at the University of British Columbia Sauder School of Business.

Bryan Slusarchuk, CEO, states, 'The addition of Mr. Loh to the Greenscape board of directors is both a privilege for us to announce and a testament to the company's compelling business model. Greenscape's recently completed 4200 stall parking facility servicing the Denver International Airport is the first parking operation of its kind. A major component of what makes it unique is the integration of multiple features that are targeted to significantly enhance profitability through energy savings. Mr. Loh's experience as a CFA and experience in an industry so focused on energy efficiency will be a major asset as we build out on our corporate strategy using Denver as a model.'

Greenscape recently completed the construction of a large green parking facility (Canopy Airport Parking) that services the Denver International Airport. The facility uses wind and solar energy, geothermal heating and cooling, LED lighting and advanced mechanical, insulation and heat recovery systems to dramatically lower energy costs. A recently released report noted that Greenscape's Denver parking facility is projected to achieve 70% lower energy costs versus baseline facility models (see Greenscape News Release dated November 30th, 2010). The Denver project will be used as a model for Greenscape as the company moves to develop multiple such green parking facilities throughout North America through new construction and the purchase and retrofit of inefficient existing parking facilities.

About Canopy Airport Parking

Canopy Airport Parking, a 4200-space parking facility at 8100 Tower Road, Commerce City, CO opened for business and commenced operations in November 2010. Canopy Airport Parking offers customers indoor valet, covered self-parking, and open air parking, each delivering a heightened customer experience. Canopy Airport Parking will serve as a practical demonstration of multiple advanced environmentally-friendly technologies to help convey the message that doing it right provides a better return for all stakeholders, especially the local community who will benefit from its environmental benefits and employment. www.canopyairportparking.com/

About Propark

Propark America is one of the nation's leading parking companies, providing sustainable parking management and parking-related real estate services across the country. Founded in 1984, Propark has successfully merged green, environmental ideals into daily operations, while preserving the company's entrepreneurial spirit and unique culture of creative innovation. Propark's corporate ethos and growing portfolio of diverse properties are transforming the parking industry's approach to sustainable design, development and operations. www.Propark.com

About Greenscape

Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When market opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals. www.greenscapecapital.com


Bryan Slusarchuk, CEO and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding certain future events. 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. In particular, savings described in this news release are projected and there is no assurance these savings will be realized.

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 news release.

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