|
Green IPO Watch at Renewableenergystocks.com- Premier Power Solar Completes Private Placement and Reverse Merger
POINT ROBERTS, WA and DELTA, BC— September 16, 2008 -- www.RenewableEnergyStocks.com,a leading investor news and research portal for the renewable energy sector within Investorideas.com, reports on Premier Power Solar Completes Private Placement and Reverse Merger.
Premier Power Solar , ( OTCBB: PPRW) a leading solar integrator with operations in the US and Europe, has completed a reverse merger transaction resulting in Premier Power Renewable Energy, Inc. becoming a public company. In connection with the merger, the Company closed a $7 million private placement led by Vision Capital Master Investment Fund, which consisted of 3.5 million shares of Preferred stock at $2.00 per share. GT Securities was the placement agent for the transaction and Genesis Capital Advisors served as the financial advisor.
Premier Power is among the largest and largest and fastest growing solar integrators in the nation. Premier Power designs and installs Photovoltaic or "Solar Energy Systems" for small and large commercial businesses as well as industrial, residential, and agricultural installations. The Company has extensive engineering experience and a track record that has won clients ranging from KB Home, Pacific Gas and Electric (PG&E), Princeton University, Shafer Vineyards, Silverado Wineries, ATT, and comedian Jay Leno among others. Premier Power's proprietary and non-proprietary systems combine with the leading solar modules from GE, Sharp, Schuco and Sun Power (NASD: 'SPWR') to offer clients the highest efficiencies with application specific solutions. Premier Power's systems are designed to meet the wide variety of needs found in today's expanding market efficiently and effectively.
Premier Power services the west coast through offices in Northern California and Southern California, and services the east coast though its New Jersey office. In Europe, Premier Power currently has offices in Pamplona and Madrid Spain and is looking at expansion locations in Italy and France.
Premier Power posted sales of $16.7 million in 2007 and has contracted $48 million in sales for 2008. Premier Power was profitable in 2006 and 2007 and is experiencing strong sales in the US and Europe.
Dean R. Marks President and CEO of Premier Power said: "Today is an outstanding milestone for the Premier Power family. We are having a strong year and anticipate a series of firsts in the US and European markets that demonstrate the value of our teams' engineering ability and depth of solar design and installation experience. We are looking forward to even a bigger 2009."
Adam Benowitz of Vision Capital said; "Premier Power's proven track record domestically and in Europe, along with their diversification across all market segments has made them a natural market leader, and positions them for outstanding future growth making them a great investment opportunity".
Premier Power is headquartered in El Dorado Hills, CA and trades on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website at http://www.premierpower.com and in Premier Power's Current Report on Form 8K Filed with the SEC on September 11, 2008
Subscribe to or add to your site - the Green IPO Watch News Feed: http://www.investorideas.com/RSS/feeds/GreenIPO.xml
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com
http://www.investorideas.com/RSS/feeds/RES.xml
Green Investor Audio Series :
http://www.investorideas.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
For more information contact :
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising www.InvestorIdeas.com/About/Disclaimer.asp
Would you like to see your news and articles here? GO>>
|
