Green Technology Solutions, Inc.

11 Sept 2006capital raising announcement● NeutralMajor

On September 7, 2006 the company signed an agreement with Dutchess Private Equities Fund giving it access to up to $20 million by selling shares to Dutchess over 24 months. Each sale is priced at 96% of the lowest closing bid in a five-day period. The company must register the shares with the SEC and paid a $10,000 due diligence fee. Because shares are sold at a discount to market, this is a source of potential dilution (inference).

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28 June 2005asset acquisition disposition● NeutralMajor

The Esko Pivnich acquisition is now reported as completed: the company owns all of it, and the company's business is oil and gas production and development in Ukraine. The shares were approved for trading on the OTCBB (symbol SEYR) around May 23, 2005, which was the last condition. Esko Pivnich's shareholders hold about 91% (15,309,900 shares), Halton Impex is deemed in control at 65%, and the loans from the selling stockholders were waived. Konstantin Tsiryulnikov replaced David Melman as officer, and Melman stays on the board.

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6 Jan 2005asset acquisition disposition● NeutralMajor

The company reported the terms of the Esko Pivnich purchase: it would issue 10,479,900 new shares, and Esko Pivnich's shareholders would end up with 15,309,900 shares, about 91% of the company, for $40,000 paid at closing. A $35,000 loan from five selling stockholders would be waived once the deal closed. The filing says closing was still expected in mid-January 2005 and was conditional on listing the shares on the OTC Pink Sheets. Esko Pivnich's attached financials show a nine-month 2004 net loss of $550,908 on revenue of $165,830, and a stockholders' deficit of $501,069 at September 30, 2004.

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6 Jan 2005business combination● NeutralMajor

The company (then named Sunrise Energy Resources, formerly Sunrise Energy Services; the filer of the earlier late-filing notices as Green Technology Solutions) told shareholders that it agreed on October 4, 2004 to acquire Esko Pivnich, a Ukrainian oil and gas production and development company. After closing, Esko Pivnich's shareholders would hold about 90% of a company with 17 million shares, current shareholders would keep 9%, and control would pass to a group led by Halton Impex Corp. (65%), with Konstantin Tsiryulnikov as Chairman and David Melman staying on as a director.

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