CSS Signs Contract for $1.1 Million
June 07 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 added an additional $1.1 million commercial
contract to the backlog.
"As the stream of good news continues, we have been receiving
the first deliveries of products for our permitted installations.
Growing the backlog of financeable projects with shorter closing
cycles has proven successful. With our new model we feel we have
hit on the sweet spot in the industry and for CSS but more
importantly we have built a strong sustainable model that we
believe will create the much needed steady cash flow," Said Ezra
Green, CEO Clear Skies Solar.
Continuing, "We closed the month of May with approximately $7
million in sales for 2011, and we are starting June on a very good
note while bringing that total to $8 million. The project
installations are beginning which will start to relieve the cash
flow issues of the past. Forecasting future sales has proven
difficult with our old model but with our new model running well,
we look forward to discussing Q3 & Q4 2011. As we start the
execution of the contracts during Q2, we will maintain the flow of
information as events occur as demonstrated over the past 5 months.
Although having a sales backlog is important, we need to execute on
these projects in order to regain shareholder confidence and that
is happening now.
"We have all worked hard at CSS to turn the ship around from the
financial abyss of the past several years and feel we have reached
the first and most difficult step in accomplishing that goal. A
long and healthy backlog of projects with the first permitted
projects breaking ground is a great new beginning for CSS."
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)