Universal Communication Systems, Inc. Subsidiary Millennium Electric TOU Ltd. Receives Payments for the First Container Shipment, Relating to the Order of $2.5 Million of Photovoltaic (PV) Solar Energy Panels and Products to Be Delivered to the US Monday October 3, 10:06 am ET
US Orders to Be Shipped
HERZLIAH, ISRAEL--(MARKET WIRE)--Oct 3, 2005 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News) subsidiary, Millennium Electric TOU Limited, Company President Ami Elazari today issued the following corporate statement: "I am pleased to announce the receipt of the first paid for shipments to the US which has resulted from the successful agreement signed with HELIOCOL (US) back in June 2005. HELIOCOL (www.Heliocol.com) has been appointed as a distributor for the US market of the unique range of Millennium Brand PV Solar Panels and other related products. These shipments are the first materialization of a total order to be shipped this year and early next year of up to $2.5 million in value of PV Solar Energy Panels for the US market. This new export order is once again a major endorsement of the high quality of our Millennium Brand PV Solar Energy Panels."
ADVERTISEMENT In addition, 180 watt PV Modules have already been shipped to the US and the company has applied for a UL Listing of The Millennium Brand PV Modules. HELIOCOL US is currently going through the process of passing the new brand modules to the UL Standards and Florida Solar Institute for official certification.
HELIOCOL based in Orlando, is a company that has more than 220 sales agents and solar system installers in the US and controls some 80% of the home pool solar heating systems in the state. The company will send installers and engineers to have a two/three day training course in Israel in order to get a better knowledge of all Millennium PV products. This will include the patented MSS -- Multi Solar System, a combined PV and hot water -- thermal flat screen solar collectors.
Victor Eyal, President of HELIOCOL, stated: "Immediately after entering into a partnership agreement with Millennium Electric, and introducing Millennium Electric Brand PV Modules to the US Market, we've received orders for a volume of more than 3 Megawatt of PV Modules for Various customers in the US Market. This is a very encouraging start for us."
Company Chairman Michael Zwebner stated: "Our investments in the PV Solar Energy business is now once again well proven, and we fully expect to now further grow sales both in Europe, the US and around the world. The company will continue to execute the business plan and establish ourselves as a leading global entity in this exciting and fast-growing industry."
Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc.
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.