Solar Acquisition Corp. Announces Strategic Review
January 31 2012 - 9:35AM
Marketwired
Solar Acquisition Corp. (OTCBB: SLRX), a development stage public
company with a portfolio of clean energy assets, announced today
that it has begun a review of its operations.
Over the course of the past two years, the Company made
investments in various clean energy assets. The Company has
determined it is necessary to begin a strategic review of its
assets and operations. The review will focus on strengthening core
activities and is expected to lead to changes in the Company's
relationship to its investments, strategic relationships,
personnel, and may include reorganization and the sale or disposal
of non-core assets.
The Company anticipates the review process to last six weeks and
include the participation of outside consultants and technical
experts in order to broadly explore options for optimizing the
value of the Company's asset base.
This press release contains forward-looking statements, which
represent the Company's expectations or beliefs, including, but not
limited to, statements concerning plans, company developments,
growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may,
will, expect, anticipate, intend, could, estimate, or continue or
the negative or other variations thereof or comparable terminology.
Any statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements. The company may not implement any planned changes.
These statements by their nature involve substantial risks and
uncertainties, some of which are beyond the Company's control, and
actual results. Readers should carefully review the risk factors
described in other documents the Company files from time to time
with the Securities and Exchange Commission, including the
Company's Annual Report on Form 10-K for the year ended December
31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on
Form 8-K.
CONTACT Solar Acquisition Corp. 248-292-3182