Onyx Service and Solutions (OTCQB:ONYX) received news placements on both MarketWatch and TheStreet.com last week for the Company’s moves to advance their new 22 megawatt solar project being developed for construction in Roatan, Honduras. Both MarketWatch and TheStreet.com are considered tier-one market news outlets and have a vast investor following. This augments multiple positive reports on both ONYX and the new Honduras project by the premium news service United Press International, which publishes throughout the world in major newspapers, magazine publications and Internet news sites.
“We are both grateful and strengthened that our breakout business model is receiving such paramount recognition,” stated ONYX president Malcolm Burleson. “Our decision to avoid markets that rely on solar subsidies and government loans to pursue what we believe to be much more lucrative opportunities with Latin American and Caribbean allies of the United States appears to have been a very good one.”
The coverage specifically reported on the events of last Monday the 5th, when Onyx Service & Solutions’ President Malcolm Burleson completed a full presentation of the new solar project’s due diligence report that had been requested by Roatan Mayor Julio Galindo as part of maintaining continued support for the project from the Roatan leadership. The project’s due diligence report was commissioned and paid for by Onyx Service & Solutions. Project Engineer Rick Coens oversaw the research and production of the report.
Details of the new solar project can be seen at http://www.onyxservice.com/solar-diesel-reduction.html. The Company plans to add details from the project due diligence report to the project page on its website in the near future.ONYX management has focused their efforts on developing solar power projects in nations that use costly diesel produced electricity, as does Roatan – because of the potential for creating larger profit margins for the Company. Also, solar power allows for almost infinite numbers of substations, allowing power to reach many cities and rural areas, usually without the need for much grid infrastructure. Replacement of diesel emissions with renewable energy also provides an opportunity to seek offsetting carbon credits, which management believes could become another significant source of revenue for the Company.