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Green States Energy Reports 2015 Results

27 June 2016

Hamilton, Bermuda – 27 June, 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Green States Energy, Inc. (the “Company”; Ticker: GSE.BH), announced 2015 financial results. The filing states:

SHORT HILLS, New Jersey – June 24, 2016 – Green States Energy, Inc. (BSX: GSE.BH) today announced financial results for its fiscal 2015 and 2014 years ended December 31. The Company posted record revenue of $6.8 million for 2015 compared to $5.9 million for 2014. The increase in year-over-year revenues reflects the Company’s continued growth strategy. GSE’s has over 18MWs of operating assets.

"We are pleased to report record growth in revenues, reflecting the continuing positive contribution of our asset acquisition program," said Wallace Giakas, GSE’s CEO.

The Company’s audited financial statements for the 2015 and 2014 periods are available from the Company. Please send inquiries to Joseph Duey, CFO, at JDuey@GreenStatesEnergy.com

Financial Results

The following tables set forth the financial results for the periods ended December 31, 2015 and 2014:

Consolidated Balance Sheet (USD $)

	As of December 31
	2015	2014
Assets
Current assets	$ 2,302,059	$ 2,419,926
Investment in energy property, net	56,503,339	58,559,069
Intangible assets, net	5,345,142	5,733,986
Other assets	2,923,715	2,624,387
Total Assets	$ 67,074,255	$ 69,337,368

Liabilities and Equity
Current Liabilities	$ 6,413,608	$ 6,289,428
Long-term debt	36,496,464	37,628,752
Other Liabilities	14,858,974	15,550,232
Shareholders' equity	9,305,209	9,868,956
Total Liabilities and Shareholders' Equity	$ 67,074,255	$ 69,337,368
Common Shares Outstanding	18,661,588	18,461,488

About Green States Energy, Inc.

Green States Energy, Inc. (the “Company” or “GSE”) is an Independent Power Producer (“IPP”) that acquires, develops and operates clean electric generating plants in North America. Our goal is to grow into a leading IPP. With proven expertise in engineering, construction, interconnection, and project finance, and with access to both debt and tax equity markets, GSE has the ability to take clean energy projects through the development process to operational status. The Company's corporate website is located at www.greenstatesenergy.com

This presentation contains "forward-looking statements" within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, the Company’s ability to complete additional acquisitions and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this presentation.