Published: July 30, 2010
GSLO Still Receiving Tremendous Public Interest in New PREE Deal
NEW ORLEANS - (BUSINESS WIRE) - The President of GoSolarUSA, Inc. (Pink Sheets:GSLO) disclosed today
that the Company is still encountering a flood of inquiries for details
about the new PREE deal that was finalized on July 14th.
PREE owns a breakthrough technology that uses wireless internet signals
and solar energy to keep Smartphones constantly charged without having
to be plugged in. Most of the requests to GSLO have been for more PREE
product details and possible PREE distributorships. The Company has
been experiencing a steady wave of public interest since first
announcing a potential deal with PREE on June 9th.
"Since we are a public company, we put great effort into keeping the
public informed on Company matters," stated Thomas Massey, President of
GoSolarUSA. "However, SEC rules prevent us from sharing information with
some shareholders to the exclusion of others."
"We've received several questions from shareholders related to the
decision of our predecessor company to elect 'shell company' status in
its SEC filings during the 1st and 2nd quarter of
2009. After an internal review of the Company's filings and operations
during the relevant periods, as well as discussions with the previous
management team, we have determined that the Company was NOT a 'shell
company' during the relevant periods. During the process of applying for
a trading symbol from FINRA the Company was forced to elect 'shell
company' status even though the Company had significant assets,
operations, and revenue; any one of which was, individually, sufficient
to exclude the Company from 'shell company' classification per SEC
guidelines. FINRA essentially obligated the Company to elect shell
company status because it believed that the Company's trading subsidiary
would not continue to be a part of the Company's business, even though
management had no plans to divest this business. It is therefore the
position of the Company that it is not currently, nor has it ever been,
a 'shell company' per SEC guidelines," concluded Massey.
About GoSolarUSA, Inc. (OTC: GSLO)
GoSolarUSA identifies and develops new solar energy technologies in the
United Sates. Our motto is "Invent it here, Build it here and Sell it to
the World!" While green technologies like wind and solar manufacture
their products in China and Europe and export them to the U.S., we are
focused on developing and manufacturing our products in the United
States. We believe this not only creates high-quality jobs in America,
but it ensures the quality and availability of our products. GSLO is
endeavoring to advance clean American solar technology and is a U.S.
registered and reporting OTCQB market tier company.
The GSLO website is located at: www.GoSolarUSA.com
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release contains forward-looking information within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including statements that include the words "believes," "expects,"
"anticipate" or similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of the company
to differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone's past
success, either financial or strategic, is no guarantee of future
success. This news release speaks as of the date first set forth above
and the company assumes no responsibility to update the information
included herein for events occurring after the date hereof.
GoSolarUSA, Inc.
Thomas Massey, 504-599-5979
info@gosolarusa.com
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