Atlantic Wind & Solar Shareholder Update; Receives More Ontario FIT Contract Awards, Strengthens Team - Expands U.S. Solar Drive
June 16 2011 - 11:46AM
Marketwired
Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL) is pleased to
report they have received notice by the Ontario Power Authority
(OPA), confirming that another two of their Capacity Allocation
Exempt (CAE), Power Purchase Agreement (PPA) applications have been
successfully approved -- Bringing Atlantic's total awarded Feed In
Tariff (FIT), PPA contracts to five. The company will bring these
initial utility scale, rooftop solar energy projects into their
execution stage within the next 10 days, and looks forward to
announcing its first scheduled construction dates in the near
future.
As indicated in the OPA's publicly released list of CAE FIT
Contracts Offered (Phase 3), Atlantic's wholly owned Canadian
subsidiary (Atlantic Solar Inc.) will be receiving a total of
twenty government contracts within the next eight weeks. The
Company expects to receive several more approved contracts
thereafter.
Atlantic would like to take this opportunity to congratulate
some of its partners and valued clients, who have also received
multiple awarded contracts over the last two weeks, and looks
forward to having the opportunity to help bring these and other
large scale, commercial rooftop solar parks into operation over the
months ahead.
Strengthens Team - Expands U.S. Solar
Program
Atlantic Wind & Solar welcomes Ms. Andrea Weingarten to the
team, as she is appointed to the position of Regional Program
Manager and head of its new Northwestern U.S. Drive Solar Program
(DSP).
Ms. Weingarten brings a wealth of knowledge and experience,
combined with strong strategic relationships to Atlantic, as it
prepares to increase its service offerings across the United
States.
Andrea spent most of the last decade at one of the big three
motor companies in Marketing, Sales and Service... half of which
she served as Zone Manager. Working closely with over 120 corporate
and independently owned automotive dealerships in Southern
California, Arizona, Michigan and Ohio, Andrea has played an
intricate role in the execution of Customer Satisfaction,
Inventory, Marketing, Facilities and Profitability programs.
Atlantic CEO, Mr. Gilles Trahan affirms, "Andrea is a natural
team leader, experienced in the development and deployment of full
scale, corporate programs for a well known Fortune 500 company...
programs that reportedly have been proven effective by measureable
change. We look forward to working with and supporting Andrea as
she begins to implement renewable energy based marketing strategies
that she has developed over the past several months."
Ms. Andrea Weingarten comments, "I'm pleased to have the
opportunity to officially join the Atlantic ranks and believe their
rooftop solar energy systems combined with their risk management
approach and advanced technologies will provide us a unique
competitive advantage when assisting targeted, socially responsible
corporations to meet their Go-Green and eco friendly mandates and
initiatives."
About the Drive Solar Program (DSP)
The Drive Solar Program offers retailers and commercial building
owners (within specific regions of the United States) the
opportunity to either lease their rooftops to Atlantic Wind &
Solar, (to host advanced rooftop solar energy parks on) or to own
and operate their own photovoltaic rooftop or parking lot solar
shade system (solar energy producing car ports) as part of their
ongoing commitment to reducing their carbon footprint, while
preserving the environment for future generations.
For more information about Atlantic's U.S. Drive Solar Program,
please contact Andrea Weingarten at +1 800 891 1657 ext. 228, or
email AWeingarten@AtlanticWindandSolar.com
Visit the Atlantic corporate web site at:
www.AtlanticWindandSolar.com
View Atlantic's corporate YouTube video introduction at:
http://www.youtube.com/watch?v=dL1elhDVwHY
Disclaimer: Shareholders and investors are strongly cautioned
against placing undue reliance on information set forth in these
communications in making any investment decisions concerning our
securities. The matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks are detailed from time to time in the Company's
periodic reports filed with the OTCMarkets.com including the
company's Annual Report, Quarterly Reports and other periodic
filings. These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to update
these forward-looking statements.
Investor Relations Contact: Mr. Brent O'Connor +1 416 900-0380
ext.223 Email Contact
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