Lately we’ve heard a lot about the need for good old American Ingenuity to compete successfully in the new global marketplace. Onyx Service & Solutions, Inc. (OTCQB: ONYX) seems to be doing just that, while also “stepping up” the game in the solar industry sector without the need for any government loans or subsidies. This last Tuesday, ONYX announced that they had won approval for an $84 Million (USD) solar power project for Roatan, Honduras. The project capacity is currently 18.5 megawatts and is expected to take over 65,000 280-watt solar panels. An overview of the project can be seen at www.solar-stock.com/solar-diesel-reduction.html. What is very unique about ONYX is that they have researched the world power market, crunched the numbers and have put in place what Company management feels is a very lucrative Business Plan - and it seems to be working quite well right out of the gate. Here is a brief description of how ONYX management is building a bold model for financial success: While most “solar” companies were standing by waiting for government loans and subsidies to compete with cheap coal-fired electricity generation, ONYX went a different way entirely. The Company first sliced its overhead razor thin, contracting for services only on an as-needed basis. Then management quickly moved to compete in a power generation area that had vast amounts of financial waste that the company could transfer to their own bottom line: Diesel Generated Electricity located in sun-drenched nations. An abundance of nations in Latin American and the Caribbean rely solely on diesel generated electricity and are paying between 35 and 44 cents per kilowatt hour (the US average is 8.5 cents). Even more, diesel price fluctuations are making the matter worse, especially with a volatile Venezuelan supplier added to the mix.
As a result, ONYX’s president Malcolm Burleson has a full schedule of invites, traveling throughout these countries with what seems to be an ideal solution to their power needs at a price they can afford – and at a margin that ONYX management strongly believes will be a huge win for the Company.The Onyx Service & Solutions mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes British Petroleum (NYSE: BP), LDK Solar (NYSE: LDK), General Electric (NYSE: GE) and National Grid Transco (NYSE: NGG). For more information on the Company see: www.OnyxService.com. About Onyx Service & Solutions, Inc. (OTCQB: ONYX) Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on brilliant alternative energy solutions including medium to large-scale solar construction projects, cutting edge solar technology acquisition and development, new to market solar product development, advances in solar product manufacturing, worldwide solar product sales and creative financing expertise of alternative energy related projects. ONYX Service & Solutions, Inc. is listed on the NASDAQ OTC exchange as an OTCQB tier company. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. OTCQB securities may also be quoted on the FINRA BB. The OTCQB allows investors to easily identify reporting companies traded in the OTC market regardless of where they are quoted. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50012855&lang=en