Reservoir Capital Corp. (TSX
VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) ("Reservoir" or the
"Company") is pleased to announce that it has established an office
and contracted advisors to investigate potential hydroelectric development
sites in Montenegro, focusing particularly on the River Lim, just across the
border from the Company's Brodarevo Projects in Serbia.
The office was formally opened by the Canadian
Ambassador to
Serbia
,
Montenegro
and
Macedonia
,
Mr. Roman Waschuk, who also presented the Company to the Ministry of
Sustainable Development and Tourism.
Miljana
Vidovic, President and CEO of Reservoir, commented: "We are grateful for
the continued support of the Canadian Embassy and very pleased to be extending
our new business efforts in the region to complement our existing base in
Serbia
and
Bosnia
.
Montenegro
is a
very mountainous country with a lot of undeveloped hydroelectric potential and
has recently established a new legal framework for renewable energy to European
Union standards."