Virtual Media Holdings, Inc. Receives Recognition for Alternative Energy Solutions in Canadian News ArticleVirtual Media Holdings, Inc. (PINKSHEETS: VMHIF) is pleased to announce that the Company has been recognized in the Abbotsford-Mission Times for its proposed co-generation power plant in Abbotsford. The $17.5 million power plant would be used to power and heat greenhouses in the area. The Company has already signed a twenty year agreement with local greenhouse operators to provide heat and carbon dioxide.
The Company recently began to secure large quantities of bio-fuel to power its co-generation power plants. Virtual Media Holdings announced it would use Pine Beetle wood, which is wood destroyed by the Pine Beetle that must be removed from forests to eliminate the dangers of forest fires. The Company previously announced that applications are now underway for construction and approval from the Ministry of Environment. The Company will look to start the project in the near future with an expected finish date of late 2010.
"We are honored to have been recognized by the Abbotsford-Mission Times for our efforts in creating green, alternative energy sources. Once the co-generation plant is completed, the Company will begin generating additional revenue from the sale of power to B.C. Hydro," stated Jim Carroll, CEO of Virtual Media Holdings, Inc.