Premier Power CEO on Pending Solar ITC

2008-09-20 01:09:02 -

- Aspire Clean Tech Communications, Inc. Todd M. Pitcher, 858-518-1387 or 760-798-4839 Corporate Communications Premier Power (NASDAQ:PPRW): -0- From: Dean Marks President and CEO Premier Power (NASDAQ:PPRW)

The renewal of the solar Investment Tax Credit (ITC) is not in as much jeopardy as the careers of any politicians that stand against it: hence, resolution is near!

The age

of the "old energy policy" is all but dead. Energy costs are creating an energy revolution in this nation that has caused Americans to change the way they work and live. Clearly change is a foot when Al Gore and oil man T. Boone Pickens are even close to barking up the same tree. Great animosity exists between the U.S. consumer and those providing the fuel that controls their livelihoods. The populace is demanding change, and therefore the political environment requires a major change in energy policy.

Therefore, it is not question of if we get the ITC, but when. As of today "when" the ITC is going to be renewed is looking like sooner rather then later.

Now that both sides of the aisle are moving towards allowing drilling, a resolution of the issues between oil and the renewable ITC look are more easily resolved. The Republicans need to have an energy bill in the next few weeks in order to take credit for being part of positive changes in our renewable energy policy. If the Republicans hold out, it does not help their candidate. Conversely, one must now wonder if the Democrats would not prefer to wait in order to claim sole ownership of the energy revolution that is coming in the New Year.

Between now and the year end the ITC will have only a minor affect on our industry. For the most part Premier Power and other profitable integrators have seen record solar sales this year and all of us will be working around the clock just to get everything that has been sold year-to-date installed by year end. Clearly those solar companies that are blaming their sales performance on the failure of the ITC to be renewed have much bigger issues affecting their business.

Historically, the ITC has always been undependable. A significant aspect of Premier's success has been our ability to diversify our business in order to protect against the coming-and-goings of tax initiatives. These and other economic factors have only contributed to making the profitable solar companies, like Premier Power, better operators.

The reality for the solar industry is that this is an extremely exciting time in renewable energy. The renewal and possible enhancement of the ITC is just the beginning. Across the nation, over 30 states have set renewable energy initiatives separate and aside from the ITC.

If you take a step back and look at the big picture, it is clear we are on the cusp of an unprecedented shift towards renewable energy across the nation. This nation has been grumbling about its dependence on foreign oil for decades. This is no longer an issue between the left and the right, liberal or conservative. While we may disagree on the exact mix of new energy sources, the demands for energy independence are getting louder by the day.

For the first time in our nation's recent history we have some degree of energy freedom in sight. It is an election year. The ITC is teed up and ready to go. Woe! to any politician that is even perceived as not favoring this nation's cry for energy independence. -0- Dean Marks President and CEO Premier Power

Dean Marks is the Founder, President and CEO of Premier Power. Dean Marks has been involved in solar and a member of CALSEA since 1984. Premier Power is one of the nation's leading solar integrators and is having a record year with sales up over 150% for 08'. The Company's stock began trading September 12th under the symbol PPRW. (NASDAQ:PPRW).

For Interviews with Dean Marks Contact: 310 200 1830

FORWARD-LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the business of Premier Power Renewable Energy, Inc. ("Premier"), which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to reliance on a limited number of customers, market demand, cyclical nature of our markets, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Premier's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Premier will be those anticipated by Premier. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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