Clear Skies Solar Successfully Gains Traction in Sub-300kw Market Sector, Announces Approved Financing for 250kw System in Penns
February 16 2011 - 6:00AM
Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service
renewable energy provider to commercial, industrial and
agricultural clients, today announced it has received funding for a
new 250kw solar system to be installed in Pennsylvania. Receiving
this contract, and the funding to proceed, represents an important
indicator of success in the Company's strategy to add value and
sustain operations with cash flow productive projects by expanding
its traditional market focus to include solar installation projects
in the sub-300kw sector for commercial and residential
installations.
Ezra Green, CEO of Clear Skies Solar, commented, "We are pleased
to announce that we will now be moving forward into the final
engineering phase of this project. This project is a rooftop
mounted system that we hope to start in the next four weeks, along
with our other pre-announced systems." He continued, "We at
CSS are very pleased at the overall progress we have been making
these past few months under our new structure and focus on the
sub-300kw sector for commercial and residential installations.
With new funding available for our other sub-500kw systems,
we will be able to move forward and execute on our smaller
commercial backlog of projects, an important step that we expect
will bring consistency to our cash flow requirements in conjunction
with our goals for 2011."
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, the Company developed its proprietary
systems, obtained important licenses and certifications, and
acquired technologies to maximize the impact of its construction
expertise in the renewable energy sector. Clear Skies Solar
has become one of the premier solar electric installation companies
in the country. For more information about CSS please visit
http://www.clearskiessolar.com
The Clear Skies Solar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7498
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" that involve risks and
uncertainties. These include statements about Clear Skies
Solar's expectations, plans, objectives, assumptions or future
events. You should not place undue reliance on these
forward-looking statements. Information concerning factors
that could cause the Company's actual results to differ materially
from these forward-looking statements can be found in Clear Skies
Solar's periodic reports filed with the Securities and Exchange
Commission. Clear Skies Solar undertakes no obligation to
publicly release revisions to these forward-looking statements to
reflect future events or circumstances or reflect the occurrence of
unanticipated events.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
Email: IR@ClearSkiesSolar.com
Direct: 1-877-309-CSKH (2754)