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CEO Discusses Market and Future Direction of Evolution Solar Corp.

Posted on: Wednesday, 17 September 2008, 09:00 CDT

The following is a statement from Evolution Solar Corporation (Pink Sheets:EVSO) CEO, Robert Kaapke:

Today we experienced extremely volatile trading activity in one of the worlds largest institutions, American International Group, Inc., (NYSE:AIG). The trading and after market sessions ended with AIG's shares down 2.16 on over 1 billion shares. AIG announced an 85 billion dollar infusion of capital from the feds effectively diluting the existing share holders by 80% and averting a catastrophic bankruptcy.

As the market goes through a major shake out, spurred on by the biggest mortgage meltdown in history it's important for us as a company to keep our eye on the ball. We recently witnessed a drop in the share price of solar stocks across the board; First Solar (NASDAQ:FSLR) hit an inner day low of 186.00 down from a high in May at 317.00, JA Solar Holdings Co. LTD (NASDAQ:JASO) hit a low today of 8.40 down from a high in April of 27.00 and Suntech (NYSE:STP) hit a low today at 35.23 down from a high of 90.00 in January on the suggestion of lower solar panel prices. Evolution Solar has a slightly different take on this recent news.

Evolution Solar Corp. (OTC:EVSO) recently completed perhaps the most extensive study of the Chinese solar panel industry. Our president of Asian operations, Michael Franklin interviewed or visited literally every panel manufacturer in China and the surrounding area. A complete study will be available soon however we can sum up our study by stating that there seems to be a very short supply of both panels and silicon with many manufactures on standby waiting for a supply of silicon that is either economically unattainable or completely unavailable.

Michael Franklin, President of Asian operations for Evolution Solar Corp. completed site inspections to panel factories himself. "I must personally visit each site to kick the tires and see the quality, capacity, and to discuss terms. In China if you take the time you can meet the right people to deal with and it doesn't hurt to speak the language," stated Michael.

Evolution Solar Corp. is currently in negotiations to manufacture a proprietary high-end solar panel for the commercial and industrial markets. We are pursuing a 250 to 300 watt panel that has a smaller foot print to maximize output where limited space is available, stated Robert Kaapke, CEO of Evolution Solar Corp. As prices do eventually come down we feel that solar energy will become attainable by everyone.

About Evolution Solar Corporation

Evolution Solar Corporation, (OTC: EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities. For more information please visit our homepage at: http://www.evolutionsolar.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.

Source: Business Wire

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