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Author Topic: SNRY...more news, more money
Dagny
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Solar Energy Initiatives, Inc. Announces $6 Million Project
Tuesday 09/22/2009 8:30 AM ET - Businesswire

Related Companies
Symbol Last %Chg
SNRY 0.365 -6.41%

As of 2:51 PM ET 9/22/09
Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, "RENEW THE NATION", to help redeploy a portion of the U.S. work force and focus on reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced the signing of a $6 million turn-key contract with a Northeast U.S. municipality. Installation of this project is expected to begin in late October, 2009.

SNRY is the project developer and will also supply the solar equipment and balance of system. The Company will sell the newly generated solar energy to the municipality. SNRY will partner with a major funding source and solar-commercial construction company to install the solar system at no "out of pocket" cost to the municipality. SNRY will receive revenues not only from the sale of the solar equipment and balance of supplies but also from the energy sold to the school district, recognizing energy sales over a 20-year contract period.

"Management is pleased with the Company's ability to secure significant contracts in this new geographic location," stated Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. "SNRY continues to provide proof to municipalities throughout the country that it is a viable renewable energy solution that increases savings and reduces strain on the national electricity grid. We believe that this and additional commercial installations will distinguish SNRY's low cost, high return solution and add to our now estimated $100 Million project pipeline. The Company will continue to focus on securing contracts, expanding market presence, and improving earnings to ensure continued success through the balance of 2009 and into 2010."

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Dagny

Posts: 271 | From: Arkansas | Registered: Jul 2009  |  IP: Logged | Report this post to a Moderator
Dagny
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More good news, good entry point

Solar Energy Initiatives Announces Securing Land to Build a 100 Megawatt Solar Park in California
Monday 11/09/2009 8:30 AM ET - Businesswire

Related Companies
Symbol Last %Chg
SNRY 0.33 3.13%

As of 10:53 AM ET 11/9/09
Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, "RENEW THE NATION", to help redeploy a portion of the U.S. work force and focus on reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that the Company's wholly owned subsidiary, Solar Park Initiatives, signed a contract securing land for the design, construction and operation of a solar park in California. Solar Park Initiatives will be responsible for providing engineering, permitting, construction, operations and maintenance as well as obtaining the financing of the solar park. Solar Energy Initiatives will procure the solar panels and balance of system for the project.

Solar Park Initiatives will begin preliminary work, including zoning, permitting, EPA approvals and other activities immediately with construction estimated to begin in late 2010. The contract possesses a 25 year life with additional renewal options. The 100 megawatt project will be constructed in various increments over a three year time frame.

"This endeavor represents strong validation that Solar Energy Initiatives and Solar Park Initiatives' synergistic relationship is extremely capable of securing large scale contracts and expanding market presence," stated, David Fann, Chief Executive Officer of Solar Energy Initiatives. "We believe that as Solar Energy Initiatives and Solar Park Initiatives continue to grow as market leaders and establish credibility with municipalities and landowners that both companies will secure additional contracts, increase our earnings and achieve our primary goal of improved shareholder value. Combined with our previously announced solar park in Western Texas we now have a combined 400 megawatts worth of projects that will begin in the next eighteen months."

Mr. Michael Gorton has joined the team as Chief Executive Officer of Solar Park Initiatives stated, "We are pleased with the success we are having in gaining traction with the assistance of SNRY management team. Our priority is to review and attain additional solar park projects as we continue to gain traction as a leading developer of large scale solar parks. We look forward to implementing this large revenue contract and have several others we will be announcing in the near future.."

Solar Park Initiatives is a recent spin-off of Solar Energy Initiatives. SNRY's shareholders of record, as of October 15, 2009, shall receive one common share of Solar Park Initiatives, Inc. for every two common shares of SNRY owned. The transaction is cash and tax free for all SNRY shareholders.

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Dagny

Posts: 271 | From: Arkansas | Registered: Jul 2009  |  IP: Logged | Report this post to a Moderator
Dagny
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More news today

Solar Energy Initiatives, Inc. Announces $1.7 Million Solar Project
Tuesday 12/01/2009 8:30 AM ET - Businesswire

Related Companies
Symbol Last %Chg
SNRY 0.255 15.91%

As of 10:35 AM ET 12/1/09
Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, "RENEW THE NATION", to help redeploy a portion of the U.S. work force and focus on reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced the signing of a Letter of Intent to assume a $1.7 million turn-key solar project and contract to supply the Gainesville Regional Utilities with solar electricity. Installation of this project is expected to begin immediately with completion scheduled for January, 2010.

As the project developer for the solar project, Solar Energy Initiatives will supply the solar equipment and balance of system. In addition to the sale of solar equipment and balance of supplies, the Company will also generate revenue via the sale of the newly generated solar energy to the municipality under its Feed-In-Tariff program, over a 20-year contract period. Solar Energy Initiatives will partner with a major funding source and a solar installation company, to install the solar system at no "out of pocket" expense to the municipality.

"This most recent contract award is proof that our model, of providing cost effective energy solutions that allow for long term savings, is a highly desired service offering to the municipal market," stated Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. "Our ability to provide a complete solution including financing gives us the competitive edge needed to complete these projects. Our entire management team is focused on converting additional projects from our $100 million pipeline to maximize both revenue and bottom-line earnings. Management is focused on leveraging our finished projects to increase awareness for municipal energy projects located around North America."

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Dagny

Posts: 271 | From: Arkansas | Registered: Jul 2009  |  IP: Logged | Report this post to a Moderator
IWISHIHAD
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I like the stock, have a few shares.

But there appears to be some T-Trades lately, watching carefully.

Have not tried to check with the TA yet, not the smartist thing, but cheaper shares are nice if they don't get to cheap.

The penny market is pretty slow these days, but a good time to buy slective stocks, just hope there the right selective stocks.

Never to safe in the stock market these days.

Posts: 3875 | From: ca. | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

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