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by Staff Writers
Mineola NY (SPX)
Clear Skies Solar has announced the formation of a new wholly owned subsidiary, called Clear Skies Financial Inc., to fund the Power Purchase Agreement or PPA of smaller high volume projects the Company has pending in its pipeline of business.
Specifically, the Company formed Clear Skies Financial Inc. to reduce the processing time required to fund these projects, and to provide immediate access to secure financing, thereby avoiding the need to invest time and resources pursuing certain existing residential financial packages that can be "questionable" or present challenges to obtain.
Clear Skies Solar anticipates funding of an initial $5.0 million in financing pursuant to the terms of the LOI which will only require approval of the credit criteria of each transaction.
This initial investment represents the funding for approximately 200 residential properties or one megawatt which will fuel the Power Purchase Agreement under which this program was developed. This transaction does not require CSS to issue any equity based securities.
Beginning immediately, this new financing program under Clear Skies Financial will be available to clients in New Jersey, Massachusetts, Connecticut, Pennsylvania and Delaware. Given the rapid expansion in the residential and small commercial markets, the Company also expects to duplicate this model in several additional key states in the coming months.
Ezra Green, CEO of Clear Skies Solar, advised, "We started this subsidiary in order to offer our clients a user-friendly experience in complete solar installation, including the important financing component. We believe Clear Skies Financial will also prove to be a solid asset to our investor base and shareholders as business is driven through facilitated financing. With Clear Skies Financial, the financing process will now be quite painless for our customers and we expect to be installing 30 to 40 homes per month in the next 60 days."
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Diese Meldung ist aber schon etwas veraltet...................
25 Feb.2011
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New Jersey Commercial Project
MINEOLA, N.Y., June 7, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced it has added an additional $1.1 million commercial contract to the backlog.
"As the stream of good news continues, we have been receiving the first deliveries of products for our permitted installations. Growing the backlog of financeable projects with shorter closing cycles has proven successful. With our new model we feel we have hit on the sweet spot in the industry and for CSS but more importantly we have built a strong sustainable model that we believe will create the much needed steady cash flow," Said Ezra Green, CEO Clear Skies Solar.
Continuing, "We closed the month of May with approximately $7 million in sales for 2011, and we are starting June on a very good note while bringing that total to $8 million. The project installations are beginning which will start to relieve the cash flow issues of the past. Forecasting future sales has proven difficult with our old model but with our new model running well, we look forward to discussing Q3 & Q4 2011. As we start the execution of the contracts during Q2, we will maintain the flow of information as events occur as demonstrated over the past 5 months. Although having a sales backlog is important, we need to execute on these projects in order to regain shareholder confidence and that is happening now.
"We have all worked hard at CSS to turn the ship around from the financial abyss of the past several years and feel we have reached the first and most difficult step in accomplishing that goal. A long and healthy backlog of projects with the first permitted projects breaking ground is a great new beginning for CSS."
About Clear Skies Solar, Inc.
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time, the Company developed its proprietary systems, obtained important licenses and certifications, and acquired technologies to maximize the impact of its construction expertise in the renewable energy sector. Clear Skies Solar has become one of the premier solar electric installation companies in the country. For more information about CSS please visit http://www.clearskiessolar.com
The Clear Skies Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7498
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about Clear Skies Solar's expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from these forward-looking statements can be found in Clear Skies Solar's periodic reports filed with the Securities and Exchange Commission. Clear Skies Solar undertakes no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
Email: IR@ClearSkiesSolar.com
Direct: 1-877-309-CSKH (2754)
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den glaubt doch keiner mehr, hier wird nichts passieren
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1
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Luftblase besteht. Der Ceo macht einen Haufen Ankündigungen und einmal
pro Jahr wird der Vorhang gelüftet und nichts ausser leeren Versprechungen
und ein paar Dollars plus ne Million mehr auf den Schuldenberg.
Aber als Zockerpapier tut sie noch Dienst. Fragt sich nur wie lange noch bis
der zusammengeflickte Solarschrotthaufen auseinanderfliegt!
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Sind beide überzeugt von dem Unternehmen und mit jeweils einer halben Mio an Shares
mit dabei.
Das Papier wird in den nächsten Tage/Wochen auf jeden Fall einen Rebound erleben.
Jetzt kann jeder noch günstig nachkaufen.
@Bigbangbowler2: Kauf Dich hier ein, oder such Dir nen anderen Spielplatz und lass uns mit Deinen Untergangstheorien in Ruhe. So schlecht wie Du es hier darstellst ist es auf keinen Fall.
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New Jersey Commercial Project
MINEOLA, N.Y., June 7, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced it has added an additional $1.1 million commercial contract to the backlog.
"As the stream of good news continues, we have been receiving the first deliveries of products for our permitted installations. Growing the backlog of financeable projects with shorter closing cycles has proven successful. With our new model we feel we have hit on the sweet spot in the industry and for CSS but more importantly we have built a strong sustainable model that we believe will create the much needed steady cash flow," Said Ezra Green, CEO Clear Skies Solar.
Continuing, "We closed the month of May with approximately $7 million in sales for 2011, and we are starting June on a very good note while bringing that total to $8 million. The project installations are beginning which will start to relieve the cash flow issues of the past. Forecasting future sales has proven difficult with our old model but with our new model running well, we look forward to discussing Q3 & Q4 2011. As we start the execution of the contracts during Q2, we will maintain the flow of information as events occur as demonstrated over the past 5 months. Although having a sales backlog is important, we need to execute on these projects in order to regain shareholder confidence and that is happening now.
"We have all worked hard at CSS to turn the ship around from the financial abyss of the past several years and feel we have reached the first and most difficult step in accomplishing that goal. A long and healthy backlog of projects with the first permitted projects breaking ground is a great new beginning for CSS."
About Clear Skies Solar, Inc.
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time, the Company developed its proprietary systems, obtained important licenses and certifications, and acquired technologies to maximize the impact of its construction expertise in the renewable energy sector. Clear Skies Solar has become one of the premier solar electric installation companies in the country. For more information about CSS please visit http://www.clearskiessolar.com
The Clear Skies Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7498
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about Clear Skies Solar's expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from these forward-looking statements can be found in Clear Skies Solar's periodic reports filed with the Securities and Exchange Commission. Clear Skies Solar undertakes no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
Email: IR@ClearSkiesSolar.com
Direct: 1-877-309-CSKH (2754)
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New Jersey Commercial Project
MINEOLA, N.Y., June 7, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced it has added an additional $1.1 million commercial contract to the backlog.
"As the stream of good news continues, we have been receiving the first deliveries of products for our permitted installations. Growing the backlog of financeable projects with shorter closing cycles has proven successful. With our new model we feel we have hit on the sweet spot in the industry and for CSS but more importantly we have built a strong sustainable model that we believe will create the much needed steady cash flow," Said Ezra Green, CEO Clear Skies Solar.
Continuing, "We closed the month of May with approximately $7 million in sales for 2011, and we are starting June on a very good note while bringing that total to $8 million. The project installations are beginning which will start to relieve the cash flow issues of the past. Forecasting future sales has proven difficult with our old model but with our new model running well, we look forward to discussing Q3 & Q4 2011. As we start the execution of the contracts during Q2, we will maintain the flow of information as events occur as demonstrated over the past 5 months. Although having a sales backlog is important, we need to execute on these projects in order to regain shareholder confidence and that is happening now.
"We have all worked hard at CSS to turn the ship around from the financial abyss of the past several years and feel we have reached the first and most difficult step in accomplishing that goal. A long and healthy backlog of projects with the first permitted projects breaking ground is a great new beginning for CSS."
About Clear Skies Solar, Inc.
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time, the Company developed its proprietary systems, obtained important licenses and certifications, and acquired technologies to maximize the impact of its construction expertise in the renewable energy sector. Clear Skies Solar has become one of the premier solar electric installation companies in the country. For more information about CSS please visit http://www.clearskiessolar.com
The Clear Skies Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7498
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about Clear Skies Solar's expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from these forward-looking statements can be found in Clear Skies Solar's periodic reports filed with the Securities and Exchange Commission. Clear Skies Solar undertakes no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
Email: IR@ClearSkiesSolar.com
Direct: 1-877-309-CSKH (2754)
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"Clear Skies Group Inc. - Strategic Analysis Review" now available at Fast Market Research
10.06.2011 08:44:42 - New Energy market report from GlobalData: "Clear Skies Group Inc. - Strategic Analysis Review"
(live-PR.com) - Clear Skies Group Inc. (CSG) a wholly-owned subsidiary of Clear Skies Solar, Inc. , was incorporated in 2003 and launched formal operations in 2005. The company is engaged in designing, developing and integrating solar power systems and renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG provides integration design, data processing, computer programming and data retrieval.
The company delivers solar electricity installations and renewable energy technology solutions across the US. CSG specializes in research and development of solar power products. The company is headquartered at Massapequa Park in New York, the US
This comprehensive SWOT profile of Clear Skies Group Inc. provides you an in-depth strategic analysis of the company's businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
--------------------------------------------------
Full Report Details at
- www.fastmr.com/prod/115659_clear_skies_group_inc ..
--------------------------------------------------
This company report forms part of GlobalData's 'Profile on Demand' Service, covering over 50,000 of the world's leading companies. Once purchased, GlobalData's highly qualified team of company analysts will comprehensively research and author a full strategic analysis of Clear Skies Group Inc., and deliver this direct to you in pdf format within two business days (excluding weekends).
The profile contains critical company information including*,
* Business description - A detailed description of the company's operations and business divisions.
* Corporate strategy - Analyst's summarization of the company's business strategy.
* SWOT Analysis - A detailed analysis of the company's strengths, weakness, opportunities and threats.
* Company history - Progression of key events associated with the company.
* Major products and services - A list of major products, services and brands of the company.
* Key competitors - A list of key competitors to the company.
* Key employees - A list of the key executives of the company.
* Executive biographies - A brief summary of the executives' employment history.
* Key operational heads - A list of personnel heading key departments/functions.
* Important locations and subsidiaries - A list and contact details of key locations and subsidiaries of the company.
Note*: Some sections may be missing if data is unavailable for the company.
Key benefits of buying this profile include,
You get detailed information about the company and its operations to identify potential customers and suppliers.
* The profile analyzes the company's business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.
Understand and respond to your competitors' business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
* The company's core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track
important events.
Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
* Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.
Gain key insights into the company for academic or business research.
* Key elements such as SWOT analysis and corporate strategy are incorporated in the profile to assist your academic or business research needs.
Report Table of Contents:
Section 1 - About the Company
Clear Skies Group Inc. - Key Information
Clear Skies Group Inc. - Overview
Clear Skies Group Inc. - Key Employees
Clear Skies Group Inc. - Key Employee Biographies
Clear Skies Group Inc. - Key Operational Heads
Clear Skies Group Inc. - Major Products and Services
Clear Skies Group Inc. - History
Clear Skies Group Inc. - Company Statement
Clear Skies Group Inc. - Locations And Subsidiaries
Head Office
Other Locations & Subsidiaries
Section 2 - Company Analysis
Clear Skies Group Inc. - Business Description
Clear Skies Group Inc. - Corporate Strategy
Clear Skies Group Inc. - SWOT Analysis
SWOT Analysis - Overview
Clear Skies Group Inc. - Strengths
Clear Skies Group Inc. - Weaknesses
Clear Skies Group Inc. - Opportunities
Clear Skies Group Inc. - Threats
Clear Skies Group Inc. - Key Competitors
Section 3 - Company's Recent Developments
Section 4 - Appendix
Appendix
Methodology
About GlobalData
Contact Us
Disclaimer
List of Tables
Clear Skies Group Inc., Key Information
Clear Skies Group Inc., Major Products and Services
Clear Skies Group Inc., History
Clear Skies Group Inc., Key Employees
Clear Skies Group Inc., Key Employee Biographies
Clear Skies Group Inc., Key Operational Heads
Clear Skies Group Inc., Other Locations
Clear Skies Group Inc., Subsidiaries
Clear Skies Group Inc., SWOT Analysis
Currency Codes
View more research from GlobalData at www.fastmr.com/catalog/publishers.aspx?pubid=101 ..
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.
Author:
Bill Thompson
Web: http://www.fastmr.com
Phone: 1.413.485.7001
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Haynes and Boone, LLP announced completion of a series of transactions for Long Island-based Clear Skies Solar, Inc. (CSKH.OB), a leading solar energy construction firm. Clear Skies completed a $7.2 million private placement (PIPE) of common stock assisted by Haynes and Boone New York attorneys.
Haynes and Boone, LLP
“Haynes and Boone attorneys helped us navigate the complex transaction necessary for us to continue to expand our business and establish our presence in the international solar energy market,” said Ezra Green, Clear Skies chairman and chief executive officer. “The transaction enables us to broaden our investor base and create a public market for our stock, as well as enhance our visibility in the rapidly expanding solar sector.” Clear Skies recently announced it had entered a contract for construction of a 1 MW solar park in the Mojave Desert of California.
“We selected Haynes and Boone New York for their familiarity with the needs of companies in the alternative energy sector and recognized experience in company-side representation of finance transactions,” Mr. Green said.
New York partner Harvey Kesner, who heads the Haynes and Boone New York Business and Securities Regulation group, and has represented numerous alternative energy clients said, “Small clean technology companies are having their day among smart-set investors. We have seen a rapid expansion in interest in these companies which make ideal candidates for the newly evolving financing instruments and transactions sweeping the small- and mid-cap market."
“These companies often find traditional investment bank, hedge fund or venture capital investors’ interest difficult to hold, and turn to the alternative public offering (APO) market as a means to secure relatively modest capital without burdensome restrictions that often constrain startup and growth companies in need of capital,” Mr. Kesner said. “Many of these companies go on to subsequent financing through traditional investment banks and other means once they begin to execute their business plans and require additional capital.
“Last year, we saw biodiesel and ethanol deals dominating the alternative energy landscape and today the focus is shifting to wind and solar ventures, both domestically and overseas.”
Haynes and Boone, LLP represents many Internet, new media, alternative energy and telecommunications companies. PrivateRaise, LLC, the leading source for comprehensive market intelligence and analysis of PIPEs and Rule 144A transactions, recently ranked Haynes and Boone as the fourth-leading PIPE issuer law firm ranked by number of deals. Since 2007, the firm has assisted in more than 25 completed deals totaling in excess of $500 million.
Haynes and Boone, LLP (www.haynesboone.com) is an international law firm with offices in New York, Washington, D.C., Mexico City and Moscow and throughout Texas, providing a full spectrum of legal services. Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal.
Clear Skies Solar (www.clearskiesgroup.com) was founded by Ezra Green, a 25-year construction veteran who in 1998 had the determination to focus on the needs of the emerging renewable energy sector. The company supplies and installs most forms of green energy mechanisms and contributes to the industry by developing high- and low-tech products. Clear Skies has received, and has patents pending, for proprietary mounting systems, energy data recognition devices, and has developed copyrighted software for energy data processing and aesthetic integration. Clear Skies recently announced it had received a contract to install a 1 MW solar park located in the Mojave Desert of California.
CONTACT:
Kathy Gutierrez
Haynes and Boone, LLP
214.651.5283 (office)
Kathy.Gutierrez @ haynesboone.com
Author Information
Kathy Gutierrez
Haynes and Boones
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Was soll uns Post 246 sagen?
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In knapp 8 Wochen kommen die nächsten Quartalszahlen, dann wissen wir mehr.
@hamburger30: Da Du hier nicht investiert bist, stellt sich mir die Frage was Du
hier noch zu suchen hast. Deinen Senf den Du hier dazu gibst solltest Du lieber auf ein
heisses Würstchen schmieren.