GVTIGeorgia Virtual Technical Institute
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When Mass Megawatts receives the Greenvest stock, the company plans to spin off shares of GVTI on a one-for-one basis, with each share of Mass Megawatts common stock receiving a stock dividend of one share of GreenVest common stock based upon regulatory approval later this year.
GVTI was awarded $480,000 from the BFTDA Technology Development Grant program, a $240,000 investment from the 2003-2004 budget year allocation, and an additional $240,000 next year pending GVTI hitting certain milestones and deliverables.