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Electron Solar Energy Adds Solar Water Heating Systems to Growing Product Mix

Posted on: Tuesday, 9 October 2007, 12:00 CDT

Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today that it has added solar water heating systems to its growing product portfolio.

President and CEO of Electron Solar Energy Christopher Quinn, said, "Solar water heating is an ideal complement to our product mix, which currently include photovoltaic (solar electric) systems that power electricity worldwide. The ability to offer highly effective, pollution-free renewable energy systems strengthens our revenue base and profit potential. We have received many requests to date for solar water heaters, and are very pleased to bring this long-standing technology to our existing customer base. This allows domestic customers to save on their utility bills and capitalize on state and federal rebates for solar water heating, which are available standalone or alongside the rebates available for solar electric systems. In export business this technology allows users in remote locations to heat water for free. We anticipate new product orders will be brisk, adding to total revenues in 2008."

According to the U.S. Department on Energy, on average, residents with solar water heaters lower their heating bills by 50%--80%, and because the sun is free, you're protected from future fuel shortages and price hikes. Based on federal income tax deductions allotted for solar energy systems, on a monthly basis, the savings of the system can outweigh the costs of installation over the near- or long-term. "We look forward to providing our customers with reliable sources of power and heat that help solve the world's environmental and economical challenges related to the energy crisis," said Quinn.

About Electron Solar Energy

Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com.

For investor relations, visit http://www.otcfn.com/esrg.

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Business Wire

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