Message #5 From:
NewsBot Date: February 22, 2007 06:00:00 AM
SLRE News Shadow Marketing Offers to Acquire Solar's D2Fusion
VANCOUVER, British Columbia--(BUSINESS WIRE)--Solar Energy Limited (OTCBB:SLRE) (“Solar”) today announced that it has received an offer from Shadow Marketing, Inc. (OTCBB:SDWM) (“Shadow”) to purchase 100% of the shares of D2Fusion, Inc. (“D2”).
D2, a wholly owned subsidiary of Solar, is focused on developing and delivering low-cost, clean, waste-free, practical nuclear energy applications for use in a wide range of environments from homes to industry. Operations are focused on the engineering and development of practical, solid-state fusion thermal energy devices derived from work sometimes referred to as LENR (Low Energy Nuclear Reactions) or CANR (Chemically Assisted Nuclear Reactions). These reactions utilize deuterium, a common isotope of hydrogen, which when loaded into solid-state materials produces heat and helium without significant energetic radiation such as neutrons, gammas, and x-rays.
Shadow’s offer proposes to issue 30 million shares to Solar in exchange for 100% of the shares of D2. The offer is subject both to Solar securing an ongoing management team for D2 and to Shadow demonstrating that it will have $2 million in unfettered working capital available for D2 to complete its 12 month business plan on or before the closing of the transaction. The offer anticipates a five-to-one forward split of Shadow’s common stock prior to the closing of the transaction and Solar’s nomination of two individual’s to Shadow’s board of directors.
This offer is further subject to the execution of a definitive agreement and obtaining the approval of Solar’s Board of Directors, Shadow’s Board of Directors, and Shadow’s shareholders.
The science and news surrounding solid-state fusion and D2Fusion, Inc. can be viewed on the company’s website at www.d2fusion.com.
Solar is a public company focused on the development of eco-friendly business opportunities; its common shares trade on the OTCBB under the ticker symbol “SLRE.”
Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A(b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, and uncertainties related to the development of Solar’s business model. The actual results that Solar may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Solar encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. Solar’s public filings may be viewed at www.sec.gov.
