Evolution Solar Corp. Comments on Illegal Short Selling

The following is a statement from Evolution Solar Corporation (Pink Sheets:EVSO):

This week we’ve experienced extremely volatile trading activity in many of the world’s largest financial institutions and substantial overall downward bias on the market. As a result of certain abuses, the SEC announced this week New Rules to Protect Investors Against Naked Short Selling Abuses.

Not only have financial companies been targeted, but many alternative energy companies, and solar companies in particular, seem to have been favorite targets for this illegal and manipulative naked short selling action. See: Short Seller Changes in Alternative Energy – Sept 11.

Upon review of the Regulation SHO Threshold List, only 69 of many thousand “Other OTC” traded securities have SHO Threshold Fails to Deliver, which suggest substantial naked short selling in those issues. Evolution Solar Corporation is one of the 69 companies on the list, which confirms that the continued manipulative downward bias on our stock recently is most likely the result of illegal shorting.

Other illegally shorted solar companies on this SHO Threshold List are Akeena Solar (NASDAQ:AKNS), Ascent Solar Technologies (NASDAQ:ASTI), Solar Fun Power Holdings (NASDAQ:SOLF), Sunrise Solar (OTCBB:SSLR), and SunPower Corp (NASDAQ:SPWR), all of which have seen substantial price declines.

Evolution Solar Corp. is hopeful that the SEC’s action and new rules requiring hard T+3 close-out requirements beginning immediately will curb this manipulative short selling activity in its shares and others.

About Evolution Solar Corporation:

Evolution Solar Corporation (OTC:EVSO) seeks to commercialize 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. 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.