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Solar Energy Initiatives, Inc. Yields Immediate Gains After Realigning Its Dealer Operations
Thursday, October 22, 2009 9:53 AM


(Source: Business Wire)trackingSolar Energy Initiatives, Inc. (OTCBB: SNRY) executing on its corporate mission to Renew The Nation, creating economic development through the sale and installation of Solar Thermal, Photovoltaic (PV) and other Solar technologies, announced immediate results following the reorganization of its Dealer Operations.

Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives, stated, "We are pleased to quickly see the positive impact recent addition of some key personnel and an employee realignment in the company are having! For example, one day this week, orders for PV Modules and a PV System, totaling $116,000, and a LOI for a large PV and Solar Pool Heating System were received through our Dealer network." Mr. Fann continued, "Increases to our large project sales pipeline coupled with active sales of Solar Hot Water (SHW) and Pool heating systems, is a further testament to the quality of our Dealers, their continuing success, and the outlook for increasing revenues."

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is executing its "RENEW THE NATION" campaign, intended to promote job growth nationwide via an aggressive grass roots effort. The main focus of RENEW THE NATION will be working with companies in the construction industry and related trades affected by the economic downturn to re-train and re-deploy their workforce into solar dealers, allowing this important national asset to meet the needs of the Solar Energy industry, the fastest growing industry in the world. We are executing on a multi-pronged approach to achieve our plan. This includes: continuing development of one of the fastest growing dealer networks in the U.S. that sells and installs solar solutions to homeowners and commercial customers; solar education and technical training to the private and public sectors, placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s) through Solar Power Purchase Agreements (PPAs); and becoming a developer of solar parks bringing together landowners, utilities and our corporate resources to build large photovoltaic installations.

The Company's dealer network of solar energy installers has access to Canadian Solar (NASDAQ: CSIQ), BP Solar (NYSE:BP), GE Solar (NYSE:GE) and Suntech (NYSE:STP) equipment via its distribution agreements. While Solar Energy Initiatives is not a solar franchise, and the Company does not compete directly with industry giants such as to First Solar (NASDAQ:FSLR), Applied Materials (NASDAQ: AMAT), Kyocera (NYSE:KYO), or Sanyo (OTC:SANYY), or as a system integrator, it provides exciting and practical solutions to businesses and individuals worldwide that understand the value of solar power.

A service of YellowBrix, Inc.



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