Jacksonville, FL, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Global Warming Solutions Inc. (OTC MARKET: GWSO), a developer of technologies aimed at mitigating the effects of global warming announced today its plans to establish a SPAC (Special Purpose Acquisition Company) to invest in the emerging companies in Renewable Energy and Electric Vehicles technology space.
The global renewable energy market was valued at $928.0 Billion in 2017 and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025. Renewable energy technologies use natural sources such as wind, solar, water, and others, to transform these sources into usable forms of energy such as electricity, and mechanical energy. The Electric Vehicles Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1% during the forecast period.
SPAC’s are companies formed to raise capital in an initial public offering (“IPO”) with the purpose of using the proceeds to acquire one or more unspecified businesses or assets to be identified after the IPO. My goal as CEO of a public company is to increase shareholder's value. A Special Purpose Acquisition Company incorporated - sponsored by GWSO is the first step in reaching this goal”, said Vladimir Vasilenko, CEO of Global Warming Solutions, Inc.
Forward-Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com.
Contact:
Vladimir Vasilenko
CEO
Global Warming Solutions, Inc.
Vladimir@gwsogroup.com