Message #2 From:
Privateer1 Date: January 29, 2008 10:08:46 PM
SolarBrook Water and Power Announces Agreements
Jan 10, 2008 09:13 ET
SolarBrook Water and Power Announces Agreements With Two Industry Experts to Serve on Expanded Solar Integration Committee
Company Also Completes Move to New Corporate Offices
APEX, NC--(Marketwire - January 10, 2008) - SolarBrook Water and Power Corporation
(PINKSHEETS: SWPC), a developer, manufacturer and marketer of water quality
and clean power products, announced today that the Company has expanded its
recently announced Solar Integration Committee and signed agreements with
two respected renewable energy industry professionals.
SolarBrook welcomes Mr. Fred Ferguson, Founder and CTO of Magenn Power, a
Canada-based Power Company. Mr. Ferguson is an inventor and businessman
with a proven track record, specifically in the solar and wind power space.
More information about Mr. Ferguson and Magenn Power may be found on at
http://www.magenn.com/about.php.
SolarBrook also welcomes Ed Bless, President and CEO of Blueline Power, a
California-based solar power company, to the Company's Solar Integration
Committee. Blueline Power designs, installs and promotes commercial-scale
clean energy systems, including solar, wind, biofuel, biomass and
sustainability projects. The Blueline team's experience and desire to
bring enhanced quality of life through clean water and energy solutions to
existing and emerging markets is a key driver in inviting Mr. Bless to sit
on this important committee. More information about Mr. Bless and Blueline
power may be found at http://www.bluelinepower.com.
The Company's Solar Integration Committee was formed as part of the
restructuring plan recently implemented by the Board of Directors. The
Board believes that the combination of clean water and energy technologies
and management expertise will help the Company add value for its
shareholders and act as globally responsible corporate citizens.
Mr. Ferguson and Mr. Bless will be actively involved in working with
Company management and engineers in order to apply leading edge solar power
systems with existing products. These systems will allow the Company to
deliver more clean water in a variety of applications using considerably
less power than its existing systems require.
George Moore, CEO of SolarBrook, commented, "We are pleased to have Fred
Ferguson and Ed Bless on the Solar Integration Committee and look forward
to their expertise in the solar power arena and his contributions to the
committee."
SolarBrook also announced today that the Company is moving into new
corporate offices that are better suited for the future growth of the
company. The new offices are in Raleigh, North Carolina, not far from the
previous corporate office location in Apex, North Carolina.
The new facility is located in the Research Triangle Park area with easy
access to major transportation and logistics resources. The new offices
have significantly larger warehouse and distribution space and will allow
Solarbrook to consolidate warehouse, distribution and administration in a
central location. The consolidation will also result in significant cost
savings to the Company.
"We are occupying the Company's new corporate offices at just the right
time," commented George Moore, CEO of SolarBrook. "As we undertake the
recently announced restructuring initiative, we will also continue to seek
ways to control costs and improve the Company's bottom line, even as we
facilitate growth. This new office location is another step in that
direction."
About SolarBrook Water and Power Corporation
SolarBrook Water and Power Corporation, headquartered in Apex, North
Carolina, maintains a core focus of seeking out synergistic acquisitions
that will provide capital appreciation and income for its portfolio
companies. The mission of SolarBrook is to acquire and develop innovative
technologies and businesses that will improve the quality of water
throughout the world by means of detection, treatment and removal of
contaminants. SolarBrook also seeks to provide integrated clean power
alternatives for remote and off-grid systems, further expanding market
potential.
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements
about the Company's future expectations, including future revenues and
earnings, and all other forward-looking statements be subject to the safe
harbors created thereby. Since these statements (future operational results
and sales) involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from expected
results.