Spectacular Solar CEO
Shares Thoughts and Prayers During National Coronavirus
Crisis
SPSO
Set to Offer Small Business Stimulus in
Response to COVID-19
Rahway, NJ -- March 20, 2020 --
InvestorsHub NewsWire -- Spectacular Solar, Inc.
(OTC
PINK: SPSO), CEO Doug Heck has offered his prayers,
thoughts and plans for operations during these unchartered
times in the
letter below.
Dear Shareholders and Potential Investors,
First, I would like
to extend my
prayers to everyone whose health, business or job situation
has been
affected by
the coronavirus. These are trying and difficult times for all. I
encourage everyone to follow the guidelines set forth by
the
CDC and our
government's recommendations so that this outbreak can be contained
as soon as possible.
As far as daily
operations go here at Spectacular Solar, any employee who has a concern about their
health is advised to stay home. We are encouraging telework and
staggering our
staff to keep our numbers down in the office and will be rotating
the executive team on a daily basis as well. The health
of our employees takes precedence over everything else.
I also have
tremendous
respect for all our
partners, both clients and vendors, who
are dealing
many of the same
issues that we are. As everyone attempts to navigate their way through this global
crisis, Spectacular Solar management understands that our partners are
operating shorthanded and
the struggle is
very real.
It is our sincerest hope that everyone associated with Spectacular
Solar, as well as every citizen around the
globe, will
make it through this crisis
with their health
intact.
It is no secret
that the small businesses in the United States
are taking a huge
hit right now. They are the backbone of this
great country and I felt compelled to do something to help.
While the
government is doing its best to offer financial assistance
to small
businesses,
my team has come up with a plan to help the small business
community as well.
Without any money
coming out of pocket, businesses that contract with us to install a solar system can
choose to receive a lump sum payment, up to $100,000
depending on the
size of the system, instead taking the
SRECs (Solar
Renewable Energy Certificates) that are issued to our clients as a
result of installing solar and allow these business owners to
sell certificates for energy to their respective
utility.
I believe that
there are a significant number of cash-strapped businesses that
will be able to advantage of this offer and we look forward to working
with them so that at the very least, we can be a partial solution
to many of the problems are being faced by small business
owners now
and during
these next few months.
Again, my thoughts
and prayers are with you and your families.
Sincerely,
Doug Heck,
CEO
For more information: please visit http://www.spectacularsolar.com
and please follow
us on Twitter: @SPECTACULARSOL1
Investor Relations/Media Contact:
Gregg
Boehmer:
laynemichaelpr@gmail.com
Wyndham Hotel Project Video:
https://youtu.be/BPLKjgdFaOw
About Spectacular
Solar, Inc.: Spectacular Solar is a diversified company
involved in solar system installations,
investment fund management, and roofing contracting through its
subsidiaries. SPSO designs and installs
state-of-the-art solar conversions for home and business owners.
Star Power Services is a bonded and licensed roofing contracting
company with expertise in new roof installation, repairs, and
maintenance. The Solar Energy Investors Fund contributes to the
ongoing insurance expenses directly associated with installation of
solar systems. In return, the fund receives a share of tax
benefits and ongoing revenue generated from electricity
sales.
Safe Harbor
Statement
This release
contains forward-looking statements that relate to future events or
performance. These statements reflect the company's current
expectations and are made pursuant to the Safe Harbor Provisions of
the Private Securities Litigation Reform Act of 1995.
The company doesn't
undertake to update or revise these forward-looking statements,
even if experience or future changes make it clear that any
projected results, expressed or implied, in this or other company
statements will not be realized. Readers are cautioned that these
statements involve risks and uncertainties, many of which are
beyond the company's control, which could cause actual results to
differ materially from the forward-looking statements. Factors that
could cause these differences include, but are not limited to, the
acceptance of our products, lack of revenue growth, failure to
realize profitability, inability to raise capital and market
conditions that negatively affect the market price of our common
stock. The Company disclaims any responsibility to update any
forward-looking statements.