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Oct 18, 2016 9:53 EST

Greatland Power Corporation produces and sells electric power generated from natural gas, pursuant to joint ventures being entered into with Native American/First Nations (“Indian”) communities

iCrowdNewswire - Oct 18, 2016

Greatland Power Corporation

Edmonton, AB T6E 5P9, Canada
Electricity Generation & Utilities
www.greatlandpowercorp.com

GREATLAND POWER CORP (the “Company”) is a Nevada corporation organized on October 31, 2013 to produce and sell electric power generated from natural gas, pursuant to joint ventures being entered into with Native American/First Nations (“Indian”) communities. The joint ventures will sell power to the communities themselves, and to industry and utility customers through the influence and entitlements afforded by their “Indian” status. Such an initiative is facilitated by long standing business relations between the Company’s founders and their associates, and a large number of Indian groups in Canada and the USA. The Company’s business is presently focused in Western Canada where much of management’s Indian relationships and influence lie, and in Northern USA, e.g. North Dakota, South Dakota, Maine.

Electricity revenues recur for the term of a power sale contract, and may conceivable continue indefinitely. Naturally this means that as contracts are executed and projects implemented, recurring revenue streams to the Company will increase as each new project comes on line. Execution of power sales contracts is the trigger for project funding (multiple sources including equipment suppliers themselves), project implementation, and commencement of recurring long-term revenues and cash flow. 

To date, over $293,000 has been invested in the Company. Historical financial results and current position reflect the Company’s work with strategic partners, securing three joint ventures and prospect pipeline, and initial feasibility work on several projects. Prospective Indian partners are as motivated by the economic benefits (revenue sharing and employment opportunities for community members), as they are by the power self-sufficiency and better pricing incentives the model presents, and interest in the joint venture business model has exceeded expectations. Funding is now sought to enable the Company to respond to, and capitalize on the opportunities presented.

Products / Services

Electrical Power Generation and Sales pursuant to Indian Joint Ventures

The Company’s “product” is electric power generated from natural gas, pursuant to joint ventures with Native American/First Nations (“Indian”) communities. Natural gas is relatively easy to implement, reliable, efficient, and designated “green” in a growing number of jurisdictions (cited as the preferred alternative to coal and other fossil fuels). Prospective customers include the Indian community partners, and industry and utility customers pursuant to the influence and entitlements afforded by the “Indian” status of the Company’s joint ventures. Prospective Indian partners are as motivated by the economic benefits (revenue sharing and employment opportunities for community members), as they are by the power self-sufficiency and better pricing incentives the model presents.

 

Management

Chief Executive Officer
Ron Evans

Ron EvansFollowing a 20+ year professional career in business advisory, corporate finance and receivership and restructuring, Since 2004 Ron has focused on resource development and related service industries (primarily oil and gas). In 2009 he co-founded and became CEO of Greatland Group to pursue remote accommodation and other business opportunities in partnership with Canadian First Nations, and in 2013 Greatland Power Corporation was formed. Greatland Power’s business was conceived as a natural extension of ongoing resource-related activities, to address service and related cost issues in remote locations. In recognition of the issues surrounding business in remote locations, and the integral part First Nations/Tribes play in their establishment and success. First Nation/Tribal partnerships and/or participation is a central element in Greatland’s initiatives. Ron’s role encompasses business administration, strategic planning, feasibility, legal and financial matters.

Chief Operating Officer
Allen Soltis

Allen SoltisMr. Soltis brings over 25 years of business experience, primarily in the area of resource-based negotiations with and for First Nations groups in British Columbia, Alberta and Saskatchewan. Since 2004 Allen has focused on resource development and related service industries (primarily oil and gas). As with Mr. Evans, in 2009 Allen co-founded was appointed President of Greatland Group, and in 2013 he was appointed President/COO of Greatland Power Corporation when it was formed. Greatland Power’s business was conceived to address service and cost issues in remote locations, as a natural extension of Greatland’s activities. The knowledge, experience and relationships Allen has formed over the last 25+ years dealing with First Nations and the issues surrounding business in remote locations, have had a significant influence on the Company’s First Nation/Tribal partnerships model. Allen’s role encompasses strategic planning, feasibility and project implementation.

Chief Financial Officer
Blair Mullin

Blair MullinBlair Mullin has over 25 years of deep and varied business leadership, financial and operational experience, both domestically and internationally, in a wide range of industries, as executive, consultant and banker. Mr. Mullin is currently Managing Partner of Apollo Ventures LLC, Apollo Marketing LLC and Aldercreek Capital LLC, which provide investment capital to emerging companies. He is also President & CEO of Connectus Inc., which provides advisory services to emerging companies. Previously, Mr. Mullin served as consultant to and then CFO of DRS Inc. from 2010 to 2012; as President & CEO of Samarium Group Corporation (now Samaranta Mining Corporation) from 2009 to 2010; as Chief Financial Officer of Zi Corporation from 2006 to 2009; as Chief Financial Officer of Homax Products Inc from 2005 to 2006; as Interim Vice President Finance of Yakima Products Inc. in 2005. Mr. Mullin holds an MBA from University of Western Ontario and BA from Wilfrid Laurier University, in Canada.

 

 

 

Senior Vice President Development
George Gluszak

George GluszakGeorge has over 32 years in the oil and gas industry in North America, in both technical and managerial positions, including project management from hiring and overseeing exploration crews, to evaluating drilling results and planning further development accordingly. His expertise includes all aspects of geophysical analysis starting from field program design and costing, acquisition and supervision, processing analysis, quality control, final interpretation and coordination of other professionals and management. George has maintained a close relationship with Messrs. Evans and Soltis since their resource development activities commencing in 2004, and initially joined Greatland Power’s advisory board in 2013 when it was formed. George’s role as Senior VP – Development includes feasibility (principally gas resources and related matters), logistical planning and strategy. George holds a B.Sc. in Physics.

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
3 years 4 Low-Emission Electricity Generation

 

Company Type Stock Exchange Stock Symbol
Privately-Held
Contact Information:

Blair Mullin

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