Green Stream made 2 important announcements for their business this week, hiring a solid CFO, and inking a deal that allows the company to own both the project and its revenue-generating panels for the next 20 years. The company begins the Ferry Street community project in Newark, NJ in line with its agreement to install and maintain a 151 kw solar panel system delivering power directly to a customer base of the community’s residents.
CEO Madeline Cammarata states, “We are very excited to announce this endeavor as it is demonstrative of our ability to partner with some of the solar industry’s most innovative architects such as Anthony Morali of Morali Architects and Renewable Energy Development (R.E.D.) and installers with cutting edge industry technologies in order to create the highest yield from our solar panels.”
Green Stream is a Holding company with a focus in currently unmet markets in the solar energy space through innovative proprietary solar product offerings financed for customers via its public and private partnerships, announces today that it has signed an agreement to begin work on the Ferry Street community project in Newark, NJ in line with its agreement to install and maintain a 151 kw solar panel system delivering power directly to a customer base of the community’s residents.
As well, Green Stream Holdings welcomes Mike Sheikh as the Company’s new Chief Financial Officer. Sheikh is a US Air Force Academy graduate and pilot with a degree in Economics. He began his civilian career as a stockbroker with Dean Witter and with broker/dealer National Securities before becoming a research analyst and publisher of reports in the aerospace sector.
Sheikh’s financial expertise is in venture capital and asset-based lending, and his most notable success was taking MMI International Trade from $150k in annual sales to over $2.5m in annual sales within a period of two years. All the while, he cultivated an effective sales force and management team, upgraded manufacturing, modernized operations and instituted quality controls that enabled the company to catapult into a global success. MMI now has over $10m in sales annually and is an industry leader.
Cammarata comments, “Mike is uniquely qualified to utilize his wealth of hands-on importer experience, factoring knowledge, and purchase order finance structuring to accommodate our niche client base and believe he will be instrumental in expedited growth for our company.”
More to come from Green Stream as they gear up for 2020 adding depth in management and revenue-generating projects in the first quarter. The company will be easier to follow with a solid CFO and CEO tandem in place, this is a story to watch as the narrative and balance sheet solidify. Look for MarketNewsFirst to follow with more news with a follow on with the CEO and the CFO once he gets settled in.