LOS ANGELES, Aug. 31, 2010 (GLOBE NEWSWIRE) -- Gazoo Energy Group (OTCBB:GAZU) announced today that Richard Oliphant, owner of the 129 room Homewood Suites by Hilton hotel in LaQuinta, CA endorses the California PACE Program. Mr. Oliphant is displaying his endorsement by flying the California PACE Program's flag at the hotel.
As the former Mayor of Indian Wells, Mr. Oliphant is leading the Coachella Valley into the "Green" initiative under the California PACE Program.
About the California PACE Program --
The California PACE Program under Gazoo Energy Group delivers energy audit services under Gazoo Connor Energy Audit, Corp. on behalf of the Pacific Housing Finance Agency, a California Joint Powers Authority (PHFA). PHFA has developed a Property Assessed Clean Energy (PACE) Program that requires "no credit required" and is not a bank loan. California law (Assembly Bill 811) allows for local jurisdictions to enter into contractual assessments with property owners for such improvements.
About Gazoo Energy Group Inc. --
Gazoo Energy Group (OTCBB:GAZU) is a publicly traded corporation focused on aggregating green energy companies and products, ranging in scope from energy saving devices to wind energy products. The company specializes in green technologies that enhance residential and commercial buildings to meet new state and federal energy efficient guidelines. With these guidelines, companies would be eligible for state and federal tax incentives and grants. With Gazoo's participation under the California PACE Program and officially being the program's only energy audit corporation, Gazoo has positioned itself to help implement the multi billion-dollar municipal bond program throughout the state of California. This program has already been approved to start with the first $95,000,000 dedicated for residential and commercial water and energy efficiencies.
Forward Looking Statement -- Certain statements contained herein are "forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.
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