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Solar Energy Initiatives Appoints Pierre Besuchet to Board of Directors

Posted on: Tuesday, 4 November 2008, 09:00 CST

Solar Energy Initiatives (OTCBB:SNRY) a solar energy company announced today that it has added Pierre Besuchet to its Board of Directors.

Mr. Besuchet brings a wealth of experience in the finance arena as he has held senior management positions with various banks in Geneva Switzerland including UBS SA, Banque Nationale de Paris, -Banca della Svizzera-Italiana-Geneva and Credit Suisse. He is also a director of Faisal Private Bank (Switzerland) SA, (www.faisalprivatebank.com). In addition Mr. Besuchet is a director of other European and U.S. companies.

Brad Holt, CEO of Solar Energy Initiatives, stated, "We are very excited to have Mr. Besuchet agree to join our board. As we continue to build our company and expand our Board of Directors, we now have a Board member who has played key roles in the financing of renewable companies, renewable projects as well as other industry sectors. As we initiate our large solar parks and commercial projects, our capital requirements will mandate that we establish relationships in the credit markets. Mr. Besuchet is well equipped to help us."

While Solar Energy Initiatives does not compete directly with industry giants such as; First Solar (NASDAQ: FSLR), Kyocera (NYSE: KYO), Sanyo (OTC:SANYY), or Suntech (NYSE: STP) it expects to provide exciting and practical solutions to businesses and individuals worldwide that understand the value of solar power. Solar power requires a capital investment on the front end but keeps paying a return investment long after the upfront capital cost is recovered.

Solar Energy Initiatives uses some of the top manufactures in the industry including BP Solar a division of British Petroleum (NYSE: BP) and GE Solar a division of General Electric (NYSE: GE) and is establishing relationships with leading and emerging low cost Asian manufacturers.

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. - (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.

Source: Business Wire

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