Solar Energy Initatives, Inc., (OTC BB: SNRY) is executing its "RENEW THE NATION" campaign, intended to promote job growth nationwide via an aggressive grass roots effort. The main focus of RENEW THE NATION will be working with companies in the construction industry and related trades affected by the economic downturn to re-train and re-deploy their workforce, allowing this important national asset to meet the needs of the Solar Energy industry, the fastest growing industry in the world. Solar Energy is executing on a three-pronged approach to achieve their plan. This includes: continuing development of one of the fastest growing dealer networks in the U.S. that sells and installs solar solutions to homeowners and commercial customers; placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s); and becoming a developer of solar parks bringing together landowners, utilities and corporate resources to build large photovoltaic installations.
Investment Highlights:
• The Company recently announced the signing of a $6 million turn-key contract with a Northeast U.S. municipality.
• Solar energy recently signed a letter of intent for a 300 MW solar park in Texas worth an estimated $750 million.
• The solar park could generate enough green renewable energy to displace over 700,000 metric tons of carbon emissions annually that would have otherwise been produced by non-renewable power generation.
• The project could produce enough energy to provide power to more than 60,000 homes.
• Solar Energy will be spinning-off Solar Park Initiatives, Inc., a wholly owned solar park company.
• Solar Park Initiatives will focus on developing large utility-scales solar parks, such as the West Texas solar park project.
• Signed $17 million worth of LOI's with several municipalities to install and operate approximately 4 megawatts of photovoltaic systems on government buildings.
• The Company anticipates that the projects will be completed by the second quarter of fiscal 2010.
• The Company currently possesses $100 million in its project pipeline.
• Solar Energy attracts its dealers through its proprietary domain name and website, solarenergy.com.
• The number and quality of commercial and solar park projects in the pipeline continues to grow, with total capacity exceeding 300 Megawatts.
Management Team:
David Fann, Chief Executive Officer, Director & Founder - is a founder of the company. Prior to Solar Energy Initiatives, Mr. Fann served as a President & Director of .FNDS3000 (FDTC) until January 2009. He was President and a Director of the Global Axcess Corp., a publicly traded company, from January of 2002 until September of 2006. While at Global Axcess Corp. Mr. Fann was responsible for equity and debt financings totaling over $17 million and was responsible for investor relations. Prior to joining Global Axcess Corp. Mr. Fann was the Chief Executive Officer and Chairman of the Board of TeraGlobal, Inc., a publicly traded company, from September 1998 through September 2000. He was president of TechnoVision Communications, Inc., a subsidiary of TeraGlobal, from November 1995 to September 2000. He co-founded Totally Automated Systems Communications, a Unix based communications company, and acted as VP of that company.
Gregory M. Bakeman, President & Chief Fianncial Officer - Prior to joining Solar Energy Initiatives, Inc. Mr. Bakeman was CFO of one the largest U.S. renewable energy attributes companies and before that a public company, with international divisions, where he led the development of two renewable energy systems, through prototype testing. While with this company, he raised over $13 million of debt and equity for operations and technology development. Mr. Bakeman is a graduate of Michigan State University and has a MBA, with high honors, from the Seidman College of Business - Grand Valley State University.
For more information please visit www.solarenergy.com. |
