ONYX is currently developing the construction of multiple solar power projects in Honduras, as well as developing solar projects in Panama and solar product distribution arrangements in Peru and Columbia.Onyx Service & Solutions, Inc. acquires, develops and markets the most promising and potentially profitable energy projects and technologies possible. Management has focused on benefitting citizens of Central and South America with energy alternatives to costly power options by achieving multiple business accomplishments there. The Onyx mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes GE (NYSE: GE), JinkoSolar (NYSE: JKS), Empresa Nacional de Electricida (NYSE: EOC) and CPFL Energia S.A. (NYSE: CPL). 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. 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.
Onyx Service & Solutions Inc’s (OTCQB:ONYX) breakout business plan of competing internationally with costly diesel powered electricity is being bolstered by recent developments in another strong US ally – India. While most people would think about fast-growing developing countries which generate a lot of carbon emissions, they typically would think of China. After all, it’s the world’s largest carbon emitter. But with over a billion people, India is the third-biggest emitter — and with over a billion people, it has the potential to quickly overtake the US in the number two spot. However, India isn’t building coal-fired power stations at the same breakneck pace as China. According to Renewable Energy World, solar produced electricity in India is now at 14 cents per kWh ( http://www.renewableenergyworld.com/rea/news/article/2011/12/solar-power-becomes-cheaper-than-diesel-in-india) versus diesel powered electricity at 25 cents per kWh. ONYX is currently competing in markets that average 34 cents or more per kWh for diesel powered electricity and some even near 50 cents per kWh. “Due to the amount of positive international press coverage that ONYX’s business model has received, we have been invited to compete in India, as well as other Asian countries. Frankly, we are ramping up to facilitate the recent successes we already have in the Western Hemisphere. That’s not to say that we won’t be looking at other large markets in the future – especially those with such room to grow,” stated Malcolm Burleson, President of ONYX. “But if we have a choice to compete against 34 cents or more per kWh in Latin America versus 25 cents per kWh in India, I believe we are currently on the right track for the opportunity to reap much larger profit margins for the Company.” ONYX management has purposely taken a different course than most other solar companies, deciding to forgo competing against coal-fired electricity producers or depending on government subsidies to make a profit. After detailed research of the worldwide markets for power, ONYX management identified sectors that relied on costly diesel generated electricity to focus on as its target market – due to the opportunity for greater profit margins. The Company has focused primarily on competing in Latin America and the Caribbean, but international recognition has led to recent invitations for the Company to apply their business model in India and the Philippines.