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Evolution Solar Establishes Bermuda Subsidiary


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© Business Wire 2010
2010-02-08 14:42:31 -

Evolution Solar Corp. (PinkSheets:EVSO) announced today that Company Management initiated the process of formally establishing a new subsidiary in Bermuda, a step necessary for meeting contractual eligibility requirements under Bermuda law. The company is aggressively seeking to capture opportunities that will be created as a result of the Bermuda Government Solar Photovoltaic Rebate Initiative for residential users.

The Bermuda Government desires to move financially and environmentally from current fossil-fuel supplies to non-fossil fuel based energy.
Evolution Solar wants to play an important role in assisting in the reduction of dependency on these expensive oil imports. “We feel very confident that we are undertaking the moves necessary to reap the lucrative future certainties from the Bermuda solar marketplace - from large multi-acre

solar farm construction to numerous residential upgrades and the supply and distribution of solar panels,” said Robert Hines, President of Evolution Solar.

The alternative energy industry is expected to sustain strong international growth, which should enable Evolution Solar to create a competitive niche with larger industry players such as First Solar, Inc.

(NASDAQ:FSLR), GT Solar Int. (NASDAQ:SOLR) and Trina Solar LTD (NYSE:TSL).



About Evolution Solar Corporation

Evolution Solar Corporation, (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, visit 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.



Evolution Solar Corp.Robert Hines, 480-366-5836 services@evolutionsolar.com : mailto:services@evolutionsolar.com


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