Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Principal Solar, Inc. Announces Public Trading of Its Common Stock (PSWWD.pk)

05/25/2011 | 01:55pm US/Eastern

Principal Solar, Inc (PSI), a renewable energy holding company which concentrates its resources on rapidly advancing the inevitable, worldwide utilization of solar energy through a unique roll-up strategy, today announced the public trading of its common stock. The Company is quoted on the Over-The-Counter (OTC) Electronic Pink Sheets (NQB) under the symbol PSWWD.pk, which transitions to PSWW on June 23, 2011.

"By acquiring best-in-class solar companies, PSI will establish itself as the world's leading provider of solar energy -- the most promising, price-competitive, and abundant clean energy source for the future," says Michael Gorton, chief executive officer and chairman of PSI, noting that in the near term the cost of photovoltaic (PV) solar power will compete with and actually be lower than traditional sources of energy created by fossil fuels. "Timing for this launch is ideal, given the nod on solar energy from Capitol Hill, the accelerating solar market and the vote of confidence from front-line investors. Solar stocks are poised to dramatically escalate in 2011, attracting attention from growth and value investors, especially as broad energy prices rise."

According to the Solar Energy Industries Association (SEIA), U.S. installations increased 67 percent to $6 billion in market value last year. PV installations also grew 102 percent to reach 878 megawatts for grid connections while tripling for utilities to 242 megawatts.

PSI is undertaking multiple acquisitions of solar companies that are well-positioned for growth based upon their geography, size, revenue, market footprint, and corporate leadership.

Robert Shuey, principal, Pegasus Funds, a Dallas-based merchant banking firm says, "We are confident in the experienced leadership team of PSI to execute a strong business roll-up strategy that drives investor value. We expect that PSI will also deliver significant social and economic value as solar power brings practical solutions to communities, governments, and individuals worldwide."

About Principal Solar

Principal Solar, Inc (PSI; Pink Sheets: PSWWD) is a publicly traded renewable energy holding company which concentrates its resources on the acquisition, finance, development, and management of solar power companies to rapidly advance the inevitable utilization of solar power. The company is building the world's first online library dedicated exclusively to the field of solar energy - a 24-hour gateway to current information, perspectives and thought-leadership: www.definitivesolarlibrary.com. Visit www.PrincipalSolar.com.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this release regarding future plans, expectations, projections, events or conditions are forward-looking statements. Actual results, including business plans and results, integration benefits and demand growth, could differ materially as a result of a variety of factors, including our ability to: achieve the value creation goals of the reverse merger; promptly and effectively integrate businesses; alter management time on integration-related issues; make changes in long-term solar energy prices or other market or economic conditions affecting the solar energy industry; control political or regulatory developments; foresee technical or operating difficulties; predict political events or disturbances; manage the outcome of commercial negotiations; avoid wars and acts of terrorism or sabotage. We cannot guarantee that any of the events anticipated by this forward-looking statement will not occur and, if any of them do occur, we cannot control the subsequent potential impact they might have on our operations or financial condition. We assume no duty to update these statements in the future. References to resources in this release include quantities that are not yet classified as "proved reserves" under SEC definitions, but that we believe will ultimately be produced.

CPR for Principal Solar, Inc.
Joelle Caputa, 201-641-1911 x54
Jcaputa@cpronline.com


© Business Wire 2011
Latest news
Date Title
1m ago TISCALI : 31/10/2014 Information for the market pursuant to Art. 114, paragraph 5 of Law Decree 58/98
12m ago VONTOBEL : Leading marketplace for tailor-made structured products bolsters position – Zürcher Kantonalbank becomes sixth issuer on deritrade® Multi Issuer Platform
23m ago WRIGHT MEDICAL : SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Wright Medical Group, Inc. in Connection with the Sale of the Company
24m ago PETRAEUS AT AMERICAN MIDDLE EAST INSTITUTE CONFERENCE : Middle East Remains "Open Door" for Opportunity
39m ago Swedish recognition of Palestine not helping - Israeli diplomat
39m ago TATA COMMUNICATIONS : posts PAT positive results; Q2
47m ago MERCK : KEMRI signs MOU with Merck
49m ago ORIOLA KD : Publication schedule for Oriola-KD Corporation's financial reporting in 2015
50m ago CHINA NATIONAL BUILDING MATERIAL : Bahrain Business Delegation Concludes Visit to China & Hong Kong
57m ago Imperial Oil profit jumps 45 pct as income from refining surges
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Angola brings oil firm Sonangol into local BES bank
1SPATIAL : Interim Results for the six month period ended 31 July 2014
ULS TECHNOLOGY : Plunges As Improved Results Still Won't Meet Forecasts
REGIONAL MANAGEMENT : NYSE stocks posting largest percentage decreases
OPLINK COMMUNICATIONS : posts 1Q profit
Most Read News
1d ago GRUPO CARSO DE C V : Mexico could help realise Central America economic plan - ministry
1d ago J.P. MORGAN FOUND HACKERS THROUGH BREACH OF CORPORATE EVENT WEBSITE : media
1d ago EXCLUSIVE - U.S. PROBING STANDARD CHARTERED OVER DUBAI BANKING : sources
1d ago NETFLIX : Amazon hits back in on-demand TV war with Netflix: Comedy drama Transparent hailed as internet service's answer to House of Cards
1d ago Herbalife to pay $15 million to settle class action lawsuit
Most recommended articles
1h ago BNP PARIBAS : CEO: French banks should pay only two thirds of bailout contribution
1h ago DEUTSCHE LUFTHANSA : German pilots won't strike during negotiations with Lufthansa: Focus
2h ago Rocket Internet IPO propped up by underwriting bank - filing
4h ago CARLOS SLIM : KPN's America Movil board member sells part of KPN stake
4h ago Meyer Burger CEO says no current plans to raise more capital - paper
Dynamic quotes  
ON
| OFF