GSLO in Talks to License PREE Technology

GoSolarUSA (PinkSheets:GSLO) announced today that the company is in talks to potentially provide the PREE Corporation with additional development funding in exchange for the exclusive rights to PREE technology in certain foreign markets.

The potential deal being discussed revolves around PREE Corp.’s PREEcharge device, a proprietary mobile device accessory that harvests power from wireless radio-frequency (RF) signals such as those used by wireless local area networks (WLANs), CDMA transmissions, Bluetooth devices and more. Once collected, the PREEcharge can convert this energy to electricity and power portable devices such as smartphones and tablet computers. The PREE Corp. inked a profit participation agreement with GoSolarUSA in 2010, and GSLO has funded the development of several PREEcharge prototypes.

On Monday, GoSolarUSA proposed an agreement whereby GSLO would provide funding to PREE Corp. to further its product commercialization activities in exchange for the exclusive rights to sell PREE technology in markets such as China.

“We feel that this is a terrific opportunity for PREE to raise capital without selling company equity or taking on debt, and we’re optimistic we can work something out with them,” said GSLO President and CEO Tyson Rohde. “GoSolarUSA has developed many retail and manufacturing contacts in China and other markets outside North America through our other ventures where we believe PREEcharge technology can be a real asset to our company. I believe a licensing agreement could be a tremendous boost to both of our companies.”

GoSolarUSA has had extensive dealings in China recently involving portable consumer electronics. The company signed a letter of intent in December to explore an exclusive North American distribution agreement with the Chinese firm Xiamen Solar Electronics (XSE).

“The possibility of combining PREE technology with XSE products for the overseas market is an opportunity we’d very much like to explore,” Rohde said.

GoSolarUSA is dedicated to aggressively acquiring, developing and marketing promising and potentially profitable technology. The company is currently assisting in the development of electronic accessories compatible with products such as the Apple (NASDAQ:AAPL) iPhone and iPad as well as Google (NASDAQ:GOOG) Android and Research in Motion (NASDAQ:RIMM) smartphones.

For more information, please visit www.GoSolarUSA.com.

About GoSolarUSA, Inc.

GoSolarUSA primarily identifies and develops new solar energy technologies in the United States. We believe this not only creates high-quality jobs in America, but it ensures the quality and availability of our products. GSLO is endeavoring to advance clean American solar technology to compete in an energy industry that includes stalwarts such as First Solar. GoSolarUSA is a US registered and reporting OTCQB market tier company.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “should,” “will,” “plans,” "believes," "expects," “aims,” "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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