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Solar Energy Initiatives, Inc. Welcomes Six New Solar Dealers, Including One in Hawaii and One in Puerto Rico, to the Fastest Growing Dealer Network in the United States

Posted on: Wednesday, 15 October 2008, 09:00 CDT

PONTE VEDRA BEACH, Fla., Oct. 15 /PRNewswire-FirstCall/ -- Solar Energy Initiatives, Inc. (BULLETIN BOARD: SNRY) announced today that it has increased its dealer network to 42, the fastest growing in the United States. Coupled with the most visited solar site on the web, SolarEnergy.com, Solar Energy Initiatives, Inc. is rapidly expanding customer access to its solar products. SolarEnergy.com currently receives over 350,000 web hits per month from people seeking information about solar products and how to enter the solar industry.

Brad Holt, Solar Energy Initiatives, Inc. CEO, stated, "We are excited about the six new dealers who have just joined us. With growing purchasing power to drive product cost down, and continual training and support, we are confident of their success. The makeup of our fast growing dealer organization continues to diversify as well, with some dedicating their efforts towards solar park development, some towards residential solutions, and several concentrating on commercial applications. As our dealer diversity and size continues to expand, the entire dealer network will reap greater benefits from efficiency of scale, ever increasing buying power, and group cohesiveness. Solar Energy Initiatives, Inc. is already realizing a $3 Million annual revenue run-rate. The execution of our business plan leads us to expect continued rapid revenue growth into the future."

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. -- (http://www.solarenergy.com/) is dedicated to reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, while building a profitable company. We are executing on a three pronged approach to achieve our plan. This includes: continuing development of the fastest growing dealer network in the U.S. that sells and installs solar solutions to homeowners and commercial customers; placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s); and becoming a developer of solar parks bringing together landowners, utilities and our corporate resources to build large photovoltaic installations.

Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to: the time frame for production of revenue; product development and commercial introduction; the impact of rapid price and technological change and competition; manufacturing and supply uncertainties; and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.

Solar Energy Initiatives, Inc.

CONTACT: David Fann, Director, +1-904-273-3968,david.fann@solarenergy.com, or Greg Bakeman, Chief Financial Officer,+1-904-280-2669, greg.bakeman@solarenergy.com, or Brad Holt, Chief ExecutiveOfficer, +1-904-280-2669, brad.holt@solarenergy.com, all of Solar EnergyInitiatives, Inc.

Web site: http://www.solarenergy.com/

Source: PRNewswire-FirstCall

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