CORRECTING and REPLACING Apple’s iPhone Sales Figures Energize GSLO’s Outlook for the Volt
March 21 2011 - 11:28AM
Business Wire
Second graph, last sentence should read: By contrast, he wrote,
AT&T sold 1.7 million iPhone 4s during its debut last year
(sted 1.7 million iPhone 4s all of last year).
A rendering of GoSolarUSA's Volt Solar
Charger for the Apple iPhone. (Photo: Business Wire)
The corrected release reads:
APPLE’S IPHONE SALES FIGURES ENERGIZE GSLO’S OUTLOOK FOR THE
VOLT
Tremendous Market Developing for iPhone Accessories like the
Volt Solar Charger
Apple’s (NASDAQ: AAPL) impressive sales figures and projections
for the iPhone have energized GoSolarUSA’s (PinkSheets: GSLO) plans
for the Volt Solar Charger, the company’s new solar-powered battery
pack.
Apple CEO Steve Jobs claimed earlier this month that the world’s
largest tech company has now sold more than 100 million iPhone
handsets worldwide. Apple enjoyed an outstanding FY 2011 First
Quarter, with iPhone sales, services and accessories accounting for
$10.468 billion—an 88-percent increase. Scott Moritz of The Street
wrote last month that Apple sold more than a million units of its
new Verizon (NYSE: VZ) iPhone since the device went on sale
February 10. By contrast, he wrote, AT&T sold 1.7 million
iPhone 4s during its debut last year.
“There’s no question that the iPhone has completely
revolutionized the smartphone market,” said GSLO President and CEO
Tyson Rohde. “Now that Verizon is offering the device to its
subscribers, we expect the number of North Americans owning iPhones
to climb to new heights. We think it’s the perfect time to be
bringing an incredible new iPhone accessory like the Volt Solar
Charger to U.S. retailers.”
The Volt is an external battery pack that attaches to the iPhone
and extends its battery life using a 1500 mAh battery and a
top-of-the-line, built-in solar panel. It is the only accessory
known to the Company capable of powering the iPhone 3, iPhone 3GS
and iPhone 4 all with the save device. GSLO initiated mass
production of the Volt in China last month in anticipation of the
solar gadget’s North American debut.
“Final preparations for our North American launch are underway,”
Rohde said. “The Volt should go on sale soon at top retailers
bundled with a one-year warranty. Initially, the Volt Solar Charger
will be available in both black and white, and we plan to offer
more colors soon.”
GSLO is the exclusive distributor of the Volt in North America,
but is also entitled to a percentage of Volt developer Xiamen Solar
Electronics’ future worldwide net profits thanks to a profit
participation agreement signed earlier this year. Rohde said Friday
that Apple’s sales prospects in emerging markets overseas could
shift the iPhone accessories market into hyperdrive.
“I think a lot of investors may be overlooking Apple’s iPhone
growth prospects in India, China and elsewhere,” Rohde said. “The
smartphone market is poised to explode in developing markets, and
Apple is sure to sell millions of handsets as these populous
nations catch up to the smartphone technology enjoyed here in the
U.S.
“There are going to be a lot of people around the world looking
for a device like the Volt that can charge their iPhones anywhere
the sun is shining,” he said.
GoSolarUSA is dedicated to aggressively acquiring, developing
and marketing promising and potentially profitable technology. The
Volt Solar Charger is a product of Xiamen Solar Electronics based
in Xiamen, China. The iPhone is a product of Apple Inc., which
competes in the global smartphone market against Motorola Mobility
Holdings, Inc. (NYSE:MMI) and Research in Motion (NASDAQ:RIMM).
For more information, please
visit www.GoSolarUSA.com/Investors.
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 also 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 (NASDAQ:FSLR). 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,” “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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