Clear Skies Solar Expands Business Model
December 01 2010 - 6:00AM
Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service
renewable energy provider to commercial, industrial, and
agricultural clients, announced today the Company is expanding its
traditional market focus to include solar installation projects in
the sub-300kw sector for commercial as well as residential
installations. Clear Skies Solar will initially target the smaller,
higher turn-over projects in the sub-300kw commercial/residential
arena as the Company believes these opportunities represent a
high-growth sector while also presenting CSS with the opportunity
to generate cash-flow for the Company without the effects of
dilution.
In order to pursue the sub-300kw commercial/residential market,
Clear Skies Solar will launch a new division to focus on projects
within this space, as being able to dominate these markets
immediately upon entrance requires focus, strong buying power and
the dedicated expertise to control high-volume business
successfully, all of which are attributes the Company believes it
possess from a position of strength within the industry.
Specifically, Clear Skies Solar has secured support for the
Company's supply-chain of modules, racking and inverters at high
volume pricing. Additionally, the Company has also added a new
sales and management team with many years of industry experience
managing high volume projects, specifically selected to oversee
this high-growth segment of the market. To date, Clear Skies
Solar has already visited and surveyed 29 projects with-in the
sub-300kw space and the Company expects to generate strong results
in Q1 2011 given the addition of this new market focus to its
business model. Regarding the total projects within this space
that the Company is currently pursuing, the combined total size of
these projects is 3.7 Megawatts, across three states and ranging in
size from 50kw's to 280 kw's.
"Needless to say, although we are very happy to see the solar
industry slowly turning around, with business continuing to pick
up, the residual effects of the 2009 economy continue to follow us
within the marketplace," said Ezra Green, CEO of Clear Skies
Solar. He continued, "By expanding into these new market
segments, we are ensuring that the foundation of CSS is stronger
than before by diversifying our business model and utilizing our
internal strengths to produce the cash flow necessary and meet our
obligations. Cash flow being critical to all players within the
industry, and given that smaller kw projects typically have shorter
completion cycles, it became apparent to us that we could assemble
the right management team to run this program and ensure its
success for our Company and our shareholders. We now feel we
are ready to launch aggressively and effectively."
Clear Skies Solar has built its strong industry reputation by
delivering high quality results, completing projects on time and
achieving client solar installation goals within budget. Going
forward, Clear Skies Solar expects to continue to outperform within
the industry given its top rated experienced engineers and
installation teams.
About Clear Skies Solar, Inc.
Clear Skies Solar, Inc. (CSS), through its wholly-owned
subsidiary, provides full-service renewable energy solutions to
commercial, industrial and agricultural clients across the country.
CSS was incorporated in 2003 and launched formal operations in
2005. During that time, CSS developed its proprietary systems,
obtained licenses and certifications, and acquired technologies
that could maximize the impact of its construction expertise in the
renewable energy sector. CSS has become one of the premier
solar electric installation companies in the United
States. For more information about CSS please visit the
Company's website at http://www.clearskiessolar.com.
The Clear Skies Solar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7498
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
1-877-309-CSKH (2754)
IR@ClearSkiesSolar.com