Quantum Solar Power Appoints New Investor Relations Firm
01 Février 2011 - 3:05PM
Marketwired
Quantum Solar Power Corporation ("Quantum") (OTCBB: QSPW) has
entered into an Investor Relations Consulting Agreement (the
"Agreement") with the firm Teatyn Enterprises Inc. ("Teatyn") of
Surrey, British Columbia. Teatyn will provide Quantum with
financial public relations, investor relations and shareholder
services consulting. The principals of Teatyn have a combined
financial consulting experience of more than 30 years. Teatyn has a
proven track record of securing national and international media
coverage and increasing market awareness for their clients.
Under the terms of the Agreement, Teatyn will provide services
to increase investor awareness and market liquidity for the common
shares of Quantum by providing the usual customary services
provided by an investor relations firm.
As compensation for Teatyn's services, Quantum has agreed to pay
an aggregate of $97,750 plus HST. The compensation will be paid in
monthly increments of $8,500 plus HST, with a pro-rated final
payment of $4,250 plus HST to cover the period from January 1, 2012
to January 14, 2012. Quantum has also agreed to sell to Teatyn at
an aggregate consideration of $6,000 a total of 600,000 warrants.
Each warrant will be exercisable to purchase one common share of
Quantum at a price of $1.90 US per share.
The Agreement is for a period of one-year effective as of
January 15, 2011.
Daryl Ehrmantraut, President and CEO of Quantum, remarked, "We
believe Teatyn is the perfect firm to work with to achieve our
goals. We hope to generate greater awareness within the investment
community and alternative energy sector. We believe Teatyn's
experience and track record will help us fulfill our corporate
growth objectives relative to financial media coverage and investor
relations."
About Quantum Solar Power Corporation
Quantum Solar Power Corporation is developing a "Next Generation
Device" (NGD™) solar cell technology. Quantum's NGD™ is a patent
pending, laboratory model that utilizes a new approach to solar
power conversion with the potential to remove the necessity of
utilizing expensive silicon semiconductor-based technologies. We
believe Quantum's NGD™ technology has the potential to match the
efficiency of crystalline silicon PV at the cost of thin film PV.
The anticipated NGD™ technology is free of any rare-earth element
dependencies found in other current solar technologies. We believe
Quantum has the potential to create solar cells (through
manufacturing partnerships) at significantly less cost per watt
than current technology. Quantum Solar Power is headquartered in
Santa Fe, New Mexico and can be found on the web at: www.quantumsp.com
Forward-Looking Statements This news
release contains forward-looking statements regarding future events
and Quantum's future results that are subject to the safe harbors
created under the Securities Act of 1933 (the "Securities Act") and
the Securities Exchange Act of 1934 (the "Exchange Act") and
constitute "forward looking information" within the meaning of U.S.
securities laws. These statements include statements about
Quantum's planned technological development plan and are based on
material factors and assumptions including Quantum's management's
current expectations, estimates, forecasts, and projections about
the industry in which Quantum operates and the beliefs and
assumptions of Quantum's management. Words such as "expects,"
"anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," "continues," "may," variations of
such words, and similar expressions, are intended to identify such
forward-looking statements. In addition, any statements that refer
to projections of Quantum's future financial performance, Quantum's
anticipated growth and potentials in its business and other
characterizations of future events or circumstances are
forward-looking statements. Readers are cautioned that these
forward-looking statements are only predictions and are subject to
risks, uncertainties, and assumptions that are difficult to
predict, including the risk that Quantum's technological
development plan may not be successful, and those risks identified
in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter
ended September 30, 2010. Therefore, actual results may differ
materially and adversely from those expressed in any
forward-looking statements. Quantum undertakes no obligation to
revise or update any forward-looking statements for any reason.
Contact: Erik Cathcart Media Relations Contact Quantum
Solar Power Corp. 3900 Paseo Del Sol Santa Fe, NM 87507
media@quantumsp.com +1 (505) 216-5021
Quantum Solar Power (CE) (USOTC:QSPW)
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