TrendSetter® Solar Products Announces Reorganization

TrendSetter® Solar Products, Inc. (Pink Sheets: TSSPD) today announced the Company has effected a reverse split of its common shares.

Norman Ehrlich, TrendSetter’s CEO and Chairman, announced the reverse split of one for two hundred of the Company’s common shares has become effective February 25, 2010. The outstanding common shares, post reverse is approximately 34 million. The authorized common shares were reversed a comparable amount. Subsequent to the reverse, the number of authorized common shares is 49.7 million. The new trading symbol is TSSPD. Please note, this symbol will revert to the Company’s prior symbol, TSSP, on or about March 23, 2010.

Mr. Ehrlich, founder of TrendSetter, said, “The company has changed management and is now under the guidance of its founder. During 2009 the company's position was to reduce overhead and to avoid acquiring new debt until the economic signs for an improved market in solar energy turned positive. The company used its resources to prepare for the emerging alternative energy market by developing a new technology and product, 'PIGGYBACK®' residential solar water heater, that is now in the prototype and patenting phase. TrendSetter continues to have a strong position in large commercial solar storage tanks and its TrendSetter brand evacuated tube solar collectors. We believe the time is right to move aggressively forward due to new rebate programs, grants, statutory commitments (RPS, Renewable Portfolio Standard) and energy credits being offered by the federal government and the individual states, cities and municipalities. To view the magnitude of new market stimulation efforts see the D.O.E. website DSIREUSA.ORG.”

About TrendSetter Solar Products ……TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial market. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program. A standard residential hot water heater emits approximately one and a half tons of carbon dioxide and carbon monoxide into the atmosphere annually. TrendSetter's solar hot water heating and storage systems are emissions free. As global warming and alternate and renewable energies become more of a concern, TrendSetter's products are one of the answers. Additional information can be seen at the Company's website www.trendsetterindustries.com.

Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors.

Trendsetter Solar Products (CE) (USOTC:TSSP)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024