February 23, 2011
Solar Park Initiatives Acquires Solar EOS, Inc.
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park developments
in North America, announced that it has acquired Solar EOS, Inc., an extensive educator and trainer of Solar PV, Thermal, and LEED, from Solar Energy Initiatives, Inc. Solar EOS is a technical solar
school committed to the training of the workforce that will be needed to install solar photovoltaic and thermal systems across the country.
David Surette. CEO, stated, “This allows us to be involved in the training of technicians for the installation of some of our solar projects, along with increasing the viability and economic growth of
the solar industry throughout the nation. In addition, we believe that there will be a strong demand for these skilled workers going forward, due in large part to the State and Federal alternative
energy mandates.”
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
February 1, 2011
SOLAR ENERGY INITIATIVES, INC. INVESTIGATING CASH DISTRIBUTION
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park developments
in North America, today announced that Solar Energy Initiatives, Inc. has investigated the specifics behind the payment of a cash dividend in connection with its distribution of shares of Solar Park
Initiatives, Inc. as previously announced. Solar Energy management, in its discussions with Depository Trust and Clearing Corporation (“DTCC”), has been advised by DTCC that such cash distribution was
made by DTCC in error and DTCC is in the process of reversing the cash distribution. If you have received a cash dividend, we advise that you maintain custody of such proceeds until it is definitively
determined as to how the proceeds are to be returned to DTCC.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
January 27, 2011
Solar Park Initiatives Announces Its S-1/A Registration Declared Effective by SEC
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park developments
in North America, announced that the S-1/A Registration Statement for distribution of shares from the previously announced spin-off has been declared effective by the SEC on January 26, 2011. The
distribution of the shares will begin immediately and all shareholders should receive their shares within 30 days. All Solar Energy Initiatives (SNRY.OB) shareholders of record as of December 1, 2010
will receive one share of Solar Park Initiatives (SOPV.OB) for every two shares they own of SNRY.OB. Any shareholders who sold their shares after the October 29, 2010 record date and before December
1, 2010 (new record date) should contact Solar Energy Initiatives at:
Investor contact
The company’s SEC filings can be viewed here:
Click link
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
January 20, 2011
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments in North America, announced that it filed its 10-K on Tuesday, December 28, 2010. The company also filed its S-1/A Registration Statement on Wednesday, January 19, 2011 for
distribution of shares from the Solar Energy Initiatives spin-off. Upon the SEC declaring the S-1/A Registration effective the process of the distribution of the shares will begin. Any shareholders
who sold their shares after the October 29, 2010 record date and December 1, 2010 (new record date) should contact Solar Energy Initiatives for further instructions after the registration is
declared effective by the SEC.
“I am very excited about all of the milestones reached in calendar year 2010 by Solar Park Initiatives in a relatively short timeframe. Our business model is on plan and we are looking forward to
the first six months in 2011 for continued growth in our developing solar park project pipeline, as well as increased results from our past performance milestones, highlighted below. We intend to
be revenue generating, have solar projects completed and show profits by the end of 2011”, stated David Surette, CEO
Highlights for 2010 include
On 12-07-10 Solar Park Initiatives, Inc. announced funding letter of intent for $11.6 million on 3MW’s of solar projects
On 12-6-10 the Company announced adding David Surette as a new member of the board of directors, opening a new office in Research Triangle Park, NC and initiating a new technology sales
program.
On 12-2-10 Solar Park Initiatives, Inc. announced the signing of a letter of intent for a 7MW solar park in Ontario Canada
On 11-29-10 the Company announced it signed a Joint Venture agreement with a Canadian Renewable Energy Company.
On 10-12-10 the company announced that it had signed a Letter of Intent to build up to a One Gigawatt solar park in California. The project is planned on a 5,000 acre parcel and could generate up
to $3.5 Billion in revenue depending on completed funding and project development.
On 9-30-10 Solar Park Initiatives CEO discusses “Grid Parity”. David Surette, CEO of the company stated, “Our current cost structure for engineering, procurement, and construction (EPC) and
operations and maintenance allows us to create electricity from solar energy at grid parity pricing in certain parts of the country. Manufacturers are quickly approaching a $1 per watt
manufacturing cost.”
On 9-27-10 the company announced that it had signed a Letter of Intent to build a solar park on 285 acres of land in California. Solar Park Initiatives will be involved in the design, construction
and operation of the solar park which could generate up to $70 million in revenues, depending on completed funding and project development.
On 9-20-10 Solar Park Initiatives, Inc. announced the acquisition of Maple Leaf Renewables Group, Inc. and its developing project pipeline assets in Texas and California.
On 8-30-10 Solar Park Initiatives, Inc. received approval from the Financial Industry Regulatory Authority (FINRA) to begin trading on the NASDAQ OTC under the trading symbol SOPV. Solar Park
Initiatives, Inc. became a fully-reporting, publicly-traded company.
The Company filed its annual Form 10K on 12-28-10. A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC). The Company also filed an S-1 registration
statement as noted on 10-26-10 by the majority stockholder Solar Energy Initiatives, Inc. The Form S-1 is used by public companies to file their registration statement with the SEC. This filing
will allow Solar Park Initiatives to issue shares to shareholders from the Solar Energy Initiatives spin-off once the registration is approved by the SEC. We anticipate this process to take between
60-90 days.
The company’s SEC filings can be viewed here:
Here
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
Press Releases
December 14, 2010
Solar Park Initiatives, Inc. Announces Funding Letter of Intent for $11.6 Million
PONTE VEDRA BEACH, FL -- (Marketwire) -- 12/14/10 -- Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar energy company dedicated to utility and commercial solar
park
developments in North America, announced that it has received a Funding Letter of Intent for $11.6 Million. The funds will be used for the installation of projects that total 3MW's in the Mid
Atlantic
Region of North America.
David Surette, CEO of Solar Park Initiatives, stated, "We are very excited to move into our next phase of the process for implementing our business model installing solar park projects in North
America. This funding letter represents another significant milestone by Solar Park Initiatives. We expect to complete these projects in a timely manner and it is anticipated that they will be
completed by February 2011."
Solar Park Initiatives has been focused on creating a presence in the state of California and is excited about the state's position on renewables. David Surette, CEO of Solar Park Initiatives,
stated,
"The push for renewable energy continues to grow and states like California are embracing clean energy sources like solar which creates significant opportunities for our company." Currently Solar
Park
Initiatives is working on two solar park projects in California and looks forward to working with the state in its implementation of a 33 percent renewable energy portfolio standard.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
December 6, 2010
Solar Park Initiatives, Inc. Adds New Director, New Office, and New Technology Sales Program
PONTE VEDRA BEACH, FL--(Marketwire - December 6, 2010) - Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar energy company dedicated to utility and commercial
solar
park developments in North America, is expanding its business model to include different renewable technologies for commercial solar projects and is adding a strategic office in the Research
Triangle
Park of North Carolina for its new renewable technology sales program.
On December 3, 2010 the Board of Directors appointed David Surette, Solar Park Initiatives CEO, to the Board. In his first action as a Director, Mr. Surette outlined a new Renewable Technology
Program
to the Board for Commercial Renewable Projects specifically for North Carolina and Tennessee Valley Authority (TVA) territories. To initiate this Renewable Technology Program, Solar Park Initiatives
will add a sales office location in Research Triangle Park (RTP), NC. This RTP office will be located in the middle of Raleigh, Durham, and Chapel Hill. The technology will include concentrated
photovoltaic, bio-mass, wind and micro-inverter technologies for higher production.
Mr. Surette, CEO and Director, goes on to state, "We are very excited about increasing our scope for these technology projects into the Carolinas and the TVA territories. These high energy using
areas
also have significant incentives which provide excellent opportunities and are very beneficial for commercial and utility solar systems. By using the correct technologies for renewable energy
projects
it will provide the most benefit to commercial users in those territories.
"As the push from Federal and State governments for more clean energy increases, we will be ready to move forward to seize the opportunities as they become more numerous. We are excited about the
projects that we are currently working on, especially in California and Ontario, and will continue to work towards growing our pipeline of solar park projects."
Solar Park Initiatives has been focused on creating a presence in the state of California and is excited about the state's position on renewables. David Surette, CEO of Solar Park Initiatives,
stated,
"The push for renewable energy continues to grow and states like California are embracing clean energy sources like solar which creates significant opportunities for our company." Currently Solar
Park
Initiatives is working on two solar park projects in California and looks forward to working with the state in its implementation of a 33 percent renewable energy portfolio standard.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
December 2, 2010
SOLAR PARK INITIATIVES, INC. SIGNS LETTER OF INTENT FOR 7 MW PROJECT IN CANADA
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments
in North America, announced that it has signed a Letter of Intent for a 7 MW solar project in Ontario, Canada. The project, pending permitting, engineering, and financing, is estimated to generate
up
to $28M in revenue once completed.
David Surette, CEO of Solar Park Initiatives stated, “We continue to search for solar energy opportunities that fit into our business model. This project in Ontario is a good fit with our business
plan and we anticipate it being one of many successful upcoming projects in North America.”
Solar Park Initiatives has been focused on creating a presence in the state of California and is excited about the state's position on renewables. David Surette, CEO of Solar Park Initiatives,
stated,
"The push for renewable energy continues to grow and states like California are embracing clean energy sources like solar which creates significant opportunities for our company." Currently Solar
Park
Initiatives is working on two solar park projects in California and looks forward to working with the state in its implementation of a 33 percent renewable energy portfolio standard.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
November 29, 2010
SOLAR PARK INITIATIVES, INC. SIGNS JOINT VENTURE WITH CANADIAN RENEWABLE ENERGY COMPANY
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments
in North America, announced that it has signed a Joint Venture Agreement with a Canadian company that is focused on renewable energy project developments. The partner company is involved in a
plethora
of renewable energy technologies to produce clean energy including solar power, wind power, hydro energy generation, biofuels and other bio-mass based generation facilities, and is working on next
generation recycling systems. Solar Park Initiatives will bring its established engineering, manufacturing, and financial resources to the partnership which will assist in the development of the
partner company’s planned solar farm and renewable energy projects. The name of the Joint Venture company will be announced upon the finalizing of the contracts.
Solar Park Initiatives has been focused on creating a presence in the state of California and is excited about the state's position on renewables. David Surette, CEO of Solar Park Initiatives,
stated,
"The push for renewable energy continues to grow and states like California are embracing clean energy sources like solar which creates significant opportunities for our company." Currently Solar
Park
Initiatives is working on two solar park projects in California and looks forward to working with the state in its implementation of a 33 percent renewable energy portfolio standard.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
Press Releases
November 8, 2010
Solar Park Initiatives Applauds California Governor Elect Jerry Brown's Stance on Renewable Energy
PONTE VEDRA BEACH, FL--(Marketwire - 11/08/10) - Solar Park Initiatives, Inc., a Florida-based solar energy company dedicated to utility and commercial solar park developments
in
North America, applauds the election of Jerry Brown as the new Governor of California. Governor Brown has a vision for renewable energy in California. Brown has promised to implement a 33 percent
renewable energy portfolio standard and facilitate the installation of 20,000 megawatts of new renewable energy -- 12,000 megawatts in distributed generation and 8,000 megawatts in large scale
renewable projects like solar parks and wind farms. For more information go to: This Link
Solar Park Initiatives has been focused on creating a presence in the state of California and is excited about the state's position on renewables. David Surette, CEO of Solar Park Initiatives,
stated,
"The push for renewable energy continues to grow and states like California are embracing clean energy sources like solar which creates significant opportunities for our company." Currently Solar
Park
Initiatives is working on two solar park projects in California and looks forward to working with the state in its implementation of a 33 percent renewable energy portfolio standard.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
October 28, 2010
Solar Park Initiatives, Inc. Investor Update
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments in North America, will provide a recap of company milestones as follows
On 8-30-10 Solar Park Initiatives, Inc. received approval from the Financial Industry Regulatory Authority (FINRA) to begin trading on the NASDAQ OTC under the trading symbol SOPV. Solar Park
Initiatives, Inc. became a fully-reporting, publicly-traded company.
On 9-20-10 Solar Park Initiatives, Inc. announced the acquisition of Maple Leaf Renewables Group, Inc. and its developing project pipeline assets in Texas and California
On 9-27-10 the company announced that it had signed a Letter of Intent to build a solar park on 285 acres of land in California. Solar Park Initiatives will be involved in the design, construction
and
operation of the solar park which could generate up to $70 million in revenues, depending on completed funding and project development.
On 9-30-10 Solar Park Initiatives CEO discusses “Grid Parity”. David Surette, CEO of the company stated, “Our current cost structure for engineering, procurement, and construction (EPC) and
operations
and maintenance allows us to create electricity from solar energy at grid parity pricing in certain parts of the country. Manufacturers are quickly approaching a $1 per watt manufacturing cost.
On 10-12-10 the company announced that it had signed a Letter of Intent to build up to a One Gigawatt solar park in California. The project is planned on a 5,000 acre parcel and could generate up
to
$3.5 Billion in revenue depending on completed funding and project development.
Mr. Surette, CEO, goes on to state, “California now has the most ambitious renewable electricity standard (RES) in the country requiring 33% of their energy from renewable sources by the year 2020.
We
are positioning the company to become a significant contributor to the creation of electricity from solar in California and other states where Power Purchase Agreements (PPAs) with local utilities
will
allow the company to create long-term revenue streams. Recently the Federal Energy Regulatory Commission (FERC) announced a decision clearing the way for multi-tiered State feed-in tariffs in the
United States, Solar Park Initiatives is very optimistic about the company’s ability to benefit from this FERC decision. The announcement mentions that California consumes about 300 TeraWatts (TWh)
or
300 Trillion Watts per year. For more information on the FERC decision, go to:
This link
As the push from Federal and State governments for more clean energy increases, we will be ready to move forward to seize the opportunities as they become more numerous. We are excited about the
projects that we are working on, especially in California, and will continue to work towards growing our pipeline of solar park projects.”
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will attempt to sell the resultant electrical production to various utilities and large commercial entities
through a Power Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction
("EPC")
costs to those users of energy.
This press release contains forward-looking statements that reflect current expectation regarding future events. Actual events could differ materially and substantially from those projected herein
and
depend on a number of factors. Certain statements in this release, and other written or oral statements made are "forward-looking statements" within the meaning of Section 27A of the Securities Act
of
1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other
factors, which are, in some cases, beyond the control of the companies and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The
companies
assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the companies' expectations include,
but
are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the companies from time to time with the United States Securities and
Exchange
Commission and other regulatory authorities.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
October 12, 2010
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments
in North America, announced that it has signed a Letter of Intent to develop a 1GW solar park in California.
Solar Park Initiatives, Inc. has signed a Letter of Intent, to develop approximately 5,000 acres of land for the design, construction and operation of up to a 1GW solar park in California. It is
anticipated that the project will generate up to $3.5 Billion in revenue if fully completed. SOPV will partner with a California developer to complete the project which is subject to permitting and
financing approvals.
David Surette, CEO of Solar Park Initiatives stated, “Solar Park Initiatives continues to search for good opportunities in the solar sector and develop host sites and relationships for its optimal
use
and value. This is a great opportunity for our company and we will keep investors informed of our progress on this very sizable project.”
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
This press release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking
terminology
such as "believes,” “expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from
those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the
Company’s
periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons
acting
on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking
statements.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
September 30, 2010
Solar Park Initiatives Positioned
To Capitalize On Grid Parity
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments
in North America, reports that the costs associated with solar electricity are falling mainly due to improved cell efficiency, improved solar manufacturing, and lower construction costs.
Manufacturers
are quickly approaching a $1 per watt manufacturing cost, which will allow Solar Park Initiatives to generate electricity at the same price as the grid in many areas of the country. Grid Parity is
achieved when the decreasing cost of a solar park project (total Engineering, Procurement and Construction [EPC] and ongoing operation and maintenance cost), falls below the cost of electrical
energy
on a retail basis
David Surette, CEO of Solar Park Initiatives stated, “Our current cost structure for EPC and operations and maintenance allows us to create electricity from solar energy at Grid Parity pricing in
certain areas of the country. We look forward to rolling out our projects in one of the fastest growing industries worldwide.”
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
This press release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking
terminology
such as "believes,” “expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from
those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the
Company’s
periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons
acting
on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking
statements.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
September 30, 2010
The Gregory-Christopher Group Issues
Research Report On Solar Park Initiatives
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments in North America, announced today that The Gregory-Christopher Group has recently completed a research report on the company.
The Report points out that: Solar Park Initiatives can build solar facilities that will compete with, and in some cases, beat local utility rates; projects can be funded through external
investment,
government incentives or from host site owners; Solar Park Initiatives would then sell electricity to various utilities and large commercial entities through a Power Purchase Agreement (PPA)
spanning
an average of 20-30 years.
This comprehensive report and other relevant information can be viewed at www.gregory-christopher.com/research/SOPV.pdf
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
This press release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking
terminology
such as "believes,” “expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from
those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the
Company’s
periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons
acting
on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking
statements.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
September 27, 2010
Solar Park Initiatives CEO
Interviewed on StockProfessors.com
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)-- Solar Park Initiatives (OTCBB: SOPV), a leading Project developing firm providing renewable energy through photovoltaic and solar
technologies, today announced the Company’s CEO, Mr. David J. Surette, was interviewed on StockProfessors.com. The full interview is available at: StockProfessors.
In the interview, Mr. SURETTE provided a detailed discussion of the company’s business strategy, the market for the company’s Solar projects, near term growth plans, and recent acquisition.
In the interview, Mr. Surette commented, “We are very confident in our ability to build, own and operate large commercial and utility scale solar parks. Over the past several years we have built the
relationships, network and set in motion the ability for transmission and land access necessary for these longer term projects. We anticipate that these actions will turn into the expected large
scale
solar parks.”
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
This press release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking
terminology
such as "believes,” “expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from
those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the
Company’s
periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons
acting
on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking
statements.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
September 27, 2010
Solar Park Initiatives, Inc. Signs Letter of Intent
To Build California Solar Park
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments in North America, announced that it has signed a Letter of Intent to develop a solar park in California.
Solar Park Initiatives, Inc. has signed a Letter of Intent with the host landowner securing 285 acres of land for the design, construction and operation of a 20Mw solar park under a Power Purchase
Agreement with a local utility company. It is anticipated that the project will generate up to $70 million in revenue.
David Surette, CEO of Solar Park Initiatives stated, “Solar Park Initiatives continues to search for good opportunities in the solar sector and develop land for its optimal use and value. This is
one
opportunity we anticipate completing, keeping investors abreast of our milestones.”
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
Forward-Looking Statements
This press release contains forward-looking statements that reflect current expectation regarding future events. Actual events could differ materially and substantially from those projected herein
and
depend on a number of factors. Certain statements in this release, and other written or oral statements made are "forward-looking statements" within the meaning of Section 27A of the Securities Act
of
1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other
factors, which are, in some cases, beyond the control of the companies and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The
companies
assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the companies' expectations include,
but
are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the companies from time to time with the United States Securities and
Exchange
Commission and other regulatory authorities.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
September 20, 2010
SOLAR PARK INITIATIVES, INC. Signs Definitive Agreement
Completes Acquisition of Maple Leaf Renewables Group, Inc.
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (SOPV.OB), a Florida-based solar energy company dedicated to utility and commercial solar park
developments in North America, announced that it has completed the acquisition of Maple Leaf Renewables Group, Inc.
As a result of this acquisition, Solar Park Initiatives acquires all of the assets of Maple Leaf Renewables Group, Inc., which includes a significant list of developing project pipeline assets in
Texas
and California. The projects range in size from 2Mw up to 100Mw. David Surette, CEO of Solar Park Initiatives stated, “The closing of this acquisition with Maple Leaf Renewables will allow us to
broaden our scope and accelerate the process of development in the solar park industry. One of the first projects we acquired is a 10Mw project in southern California. Pending permitting and project
finance approvals, this project would generate approximately $40 Million in revenue. We will keep you informed about future projects coming from this exciting acquisition.”
About Maple Leaf Renewables Group Inc.
The company has been developing large solar and wind energy projects over the past three years. They are currently working with utility companies, land owners, solar and wind asset manufacturers,
equity investors, and debt financiers, as well as other players in the renewable energy industry. The company is focused on delivering high-quality, large-scale solar and wind development projects
at a
low cost to the marketplace.
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
Forward-Looking Statements
This press release contains forward-looking statements that reflect current expectation regarding future events. Actual events could differ materially and substantially from those projected herein
and
depend on a number of factors. Certain statements in this release, and other written or oral statements made are "forward-looking statements" within the meaning of Section 27A of the Securities Act
of
1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other
factors, which are, in some cases, beyond the control of the companies and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The
companies
assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the companies' expectations include,
but
are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the companies from time to time with the United States Securities and
Exchange
Commission and other regulatory authorities.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
September 16, 2010
Solar Park Initiatives, Inc. Signs Letter
of Intent to Acquire Maple Leaf Renewables Group, Inc.
PONTE VEDRA BEACH, Fla.--(MARKET WIRE)--Solar Park Initiatives, Inc. (OTCBB:SOPV), aa Florida-based solar energy company dedicated to utility and commercial solar park
developments in North America, announced that on September 16, 2010 the Company signed a letter of intent with Maple Leaf Renewables Group, Inc. to acquire the assets of the company. Solar Park
Initiatives anticipates that the acquisition will be completed within the next 30 days.
David Surette, CEO of Solar Park Initiatives stated, "We are always interested in acquiring assets to strengthen the position of our company. This acquisition will bring into Solar Park Initiatives
a
significant list of developing project pipeline assets previously being developed by Maple Leaf Renewables, including their relationships and contacts throughout the renewables community. The sites
for
future installation of solar arrays include the states of Texas and California. There are multiple projects ranging in size from 2Mw up to 100Mw. Additional development work is needed to bring these
sites into production and we expect to see ground breaking as early as the fall of 2011. Our ability to quickly seize these types of opportunities is the result of diligent preparation on the part
of
our management team. The market is moving quickly and we are poised to react for the benefit of our shareholders."
About Maple Leaf Renewables Group Inc.
The company has been developing large solar and wind energy projects over the past three years. They are currently working with utility companies, land owners, solar and wind asset manufacturers,
equity investors, and debt financiers, as well as other players in the renewable energy industry. The company is focused on delivering high-quality, large-scale solar and wind development projects
at a
low cost to the marketplace.
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will sell the resultant electrical production to various utilities and large commercial entities through a
Power
Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to
those
users of energy.
Forward-Looking Statements
This press release contains forward-looking statements that reflect current expectation regarding future events. Actual events could differ materially and substantially from those projected herein
and
depend on a number of factors. Certain statements in this release, and other written or oral statements made are "forward-looking statements" within the meaning of Section 27A of the Securities Act
of
1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other
factors, which are, in some cases, beyond the control of the companies and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The
companies
assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the companies' expectations include,
but
are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the companies from time to time with the United States Securities and
Exchange
Commission and other regulatory authorities.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
August, 2010
SOLAR PARK INITIATIVES, INC. LISTING APPROVED –
TRADING UNDER SYMBOL SOPV.OB
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Park Initiatives, Inc. (OTCBB:SOPV), a Florida-based solar energy company, received approval from the Financial Industry
Regulatory Authority (FINRA) for trading on the NASDAQ OTC market under the symbol SOPV.OB. This completes the spin-off from Solar Energy Initiatives, Inc. (SNRY) making the company a separate,
fully-reporting, publicly-traded company.
David Surette, CEO of Solar Park Initiatives, Inc. (SOPV) stated, “With this approval, the company can move forward with its plans to develop its current pipeline for solar generation facilities
starting in the 5 to 10 MegaWatt range in states where land has been secured for the respective projects.”
For more information, visit the company website: www.solarparkinitiatives.com
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will attempt to provide engineering, procurement of products and construction
("EPC") via third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will attempt to sell the resultant electrical production to various utilities and large commercial
entities through a Power Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or
construction ("EPC") costs to those users of energy.
Forward-Looking Statements
This press release contains forward-looking statements that reflect current expectation regarding future events. Actual events could differ materially and substantially from those projected herein
and
depend on a number of factors. Certain statements in this release, and other written or oral statements made are "forward-looking statements" within the meaning of Section 27A of the Securities Act
of
1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other
factors, which are, in some cases, beyond the control of the companies and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The
companies
assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the companies' expectations include,
but
are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the companies from time to time with the United States Securities and
Exchange
Commission and other regulatory authorities.
Contact Information:
David J. Surette, CEO
info@solarparkinitiatives.com
www.solarparkinitiatives.com
Investor Relations:
Shruti Khurana
Tel: (718) 838-9191
Email
###
July, 2010
SOLAR PARK INITIATIVES, INC. Completes Merger,
Awaits FINRA Approval
Solar Park Initiatives, Inc. (SPI), a company dedicated to solar park developments, announced that on July 13, 2010 the Company approved the merger of Solar Park
Initiatives,
Inc., a majority owned Nevada corporation (“SPI”), into Solar Park Acquisition Corp. for the purposes of becoming a new independent publicly held corporation. Pending final approval from the
Financial Industry Regulatory Authority (FINRA), SPI will begin trading on the NASDAQ OTC.BB. Solar Park Initiatives, Inc. is a spin off from Solar Energy Initiatives, Inc. (SNRY), and will be
primarily focused on the design and development of solar parks in North America.
###
July, 2010
Solar Energy Initiatives Appoints David Surette
As CEO Of Solar Park Initiatives
Prior to joining Solar Park Initiatives, Mr. Surette was the Chief Financial Officer for Marina Holdings Group, LLC companies (“MHG”). With 25 years experience in senior
executive
and senior financial roles, Mr. Surette has most recently been involved with several early stage companies in the solar and wind energy sector. Prior to joining MHG, Mr. Surette was the CEO/CFO for
Maple Leaf Renewables Group, a solar and wind project developer in commercial and utility scale projects developing 10 megawatt to 250 megawatt sized
farms. Also, as Co-Founder of Solar Power Technologies, Inc. (“SPTI”) and former CEO & CFO, he was able to assist SPTI with its technology patent and initial venture funding. In
the solar manufacturing space and as CEO & CFO for Alamo Solar Manufacturing Corp. and TekSun PV Manufacturing he was able to obtain capital financing terms from three private
equity sources. Previously, he was the CFO for Venti Energy, Inc., a wind project in Austin, TX, working through the feasibility phase and assisting with its raising of capital. While in
Austin, Mr. Surette was also a consulting CFO with multiple clients in several high tech industries, including the oil and gas industry. Prior to this he was an integral part of the Global
Axcess Corp (OTCBB: GLXS) executive team. His career started as the Finance Manager with Mast Industries, Inc. (the main distributor for The Limited) in charge of all
international letters of credit and President’s finance report. He continued with KPMG, as a senior auditor for manufacturing and banking clients. His background also includes
significant experience in high tech software and hardware, real estate development, commercial and utility scale project developments, teleservices and telecommunications. He has a
Bachelor of Science degree in Accounting from the University of Massachusetts, an MBA from Babson College in Wellesley, MA and holds his CPA from the State of Virginia.
###
