CORRECTING and REPLACING TrendSetter® Solar Products Announces Reorganization
03 Mars 2010 - 4:25PM
Business Wire
In Contact section, Norman Ehrlich's email address should read
nehrlich@trendsetterindustries.com (sted
norm@trendsetterinductries.com).
The corrected release reads:
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)
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