• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

SolarBrook Water and Power Announces Agreements With Two Industry Experts to Serve on Expanded Solar Integration Committee

Posted on: Thursday, 10 January 2008, 09:00 CST

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.

For more information, please visit www.solarbrook.com

Forward-Looking Statements

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.

SOURCE: SolarBrook Water and Power Corporation

Source: MARKET WIRE

More News in this Category