(Source: Business Wire)

Evolution Solar Corp. (PinkSheets: EVSO) today announced that the
Company is negotiating for the acquisition of a 45% minority stake in
the Company's Shanghai, China-based Synergy Design and Development
Limited subsidiary. The Company believes that a final agreement will be
reached prior to November 15th and the acquisition will close
before the end of the year.
The Company already controls a 55% stake in Synergy. Upon the completion
of the acquisition, Synergy will become a wholly-owned subsidiary of
Evolution. Synergy's management team will report to Michael Franklin,
President of China Operations for Evolution Solar Corp.
"The consolidation of Synergy will allow us to fully integrate Synergy's
resources and capabilities with those of Evolution, while substantially
increasing the amount and scope of solar products offered to Synergy's
customers," stated Franklin. "I look forward to finalizing this
acquisition and assuming a direct role in the management and growth of
Synergy and its operations."
Evolution Solar expects to benefit from growth within the solar industry
along with competitors such as Sun Power (Nasdaq: SPWRA), First Solar
(Nasdaq: FSLR), Trina Solar LTD (NYSE: TSL), and LDK Solar Co. LTD
(NYSE: LDK).
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading edge
alternative solar energy technologies and related photovoltaic
technologies, equipment and next generation appliances. Evolution Solar
is an emerging industry leader capitalizing on its understanding of
solar technology and supporting the development of alternative energy
plans for large corporations and government organizations. Evolution
Solar is also an expert consultant agency to organizations in their
strategic and procurement plans for alternative energy contracts with
public utilities.
For more information, visit http://www.evolutionsolar.com.
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