ORLANDO, Fla., July 29, 2010 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., has initiated coverage on Viridis Energy Inc. (TSX-V:VRD), a renewable energy company operating in the biomass market.

To receive a complimentary copy of the RedChip Visibility Initial Research Report for VRD, please visit: http://www.redchip.com/about/aboutmain.asp?rid=264

To learn more about Viridis Energy Inc. visit: http://www.redchip.com/visibility/investor.asp?symbol=VRD.V

About Viridis Energy Inc.

Viridis Energy Inc. is a publicly traded, "cleantech" energy company specializing in the production and distribution of premium, softwood pellets, an alternative heating and energy source. Based in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing whose primary business is wood pellets, an alternative energy source that is both renewable and available at lower costs, relative to traditional energy and heat sources. The Company has over 250 customers in North America and distributes four brands including its proprietary, leading brand Okangan Pellets™.

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.

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Disclosure

None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Viridis Energy Inc. ("VRD") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. VRD agreed to pay RedChip Companies, Inc. a monthly fee of thirty thousand dollars in cash for three months of RedChip Visibility Program services, which includes the preparation and distribution of equity research reports. The equity research reports are prepared for informational purposes only and are paid for by the company portrayed in the report. The equity research reports are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. These services may include investor conferences, digital and print distribution of VRD investor-related materials and radio programming. VRD has agreed to pay RedChip Companies, Inc., twenty thousand dollars per month for IR services. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.