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ONYX Receives Confirmation That Solar Panels for Honduras Project Have Been Shipped

Dépèche transmise le 27 décembre 2011 par Business Wire

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Onyx Service & Solutions Inc (OTCQB: ONYX) received confirmation today that their shipping consolidator in China has collected and shipped the solar panels and associated equipment for their new West Bay Lodge Project in Roatan, Honduras. The consolidator expects arrival in Roatan early next week via air freight.

ONYX Management has arranged for Company installation personnel to arrive on Roatan on December 29th and 30th, ahead of the solar equipment delivery. Arrangements have also been made for local personnel to participate in the project installation.

ONYX had announced a Letter of Intent (LOI) with West Bay Lodge back on October 10th, which called for constructing a solar power project to power the resort – which is located near the famous West Bay Beach, the most popular tourist destination on the Island of Roatan, Honduras. Since the announcement of the LOI, ONYX and West Bay Lodge have worked together to specify the project scope and finalize the project parameters.

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, such as Roatan, 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.

ONYX is currently developing the construction of multiple solar power projects in Honduras - one as large as 22 megawatts, 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 benefiting 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.

Business Wire

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