Solar Energy Initiatives, Inc (SNRY)
Solar Energy Initiatives, Inc. is dedicated to reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, while building a profitable company. We are executing on a three pronged approach to achieve our plan. This includes: continuing development of one of the fastest growing dealer networks in the U.S. that sells and installs solar solutions to homeowners and commercial customers; placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s); and becoming a developer of solar parks bringing together landowners, utilities, and our corporate resources to build large photovoltaic installations.
Important Company Highlights
Solar Energy Successfully moved from development stage to fully operational solar enterprise in the fastest growing industry worldwide in 2008.
The Company is anticipating its revenue run rate to be at $6 million by fiscal year- end July 31, 2009 and $21 million by the 2010 fiscal year-end.Solar Energy has established a network of fifty dealers within their independent solar sales division, which is one of the largest in the U.S.The Company will utilize the equipment of BP Solar a division of British Petroleum, GE Solar a division of General Electric ,and leading off-shore Asian suppliers as it accelerates it integration strategy, the next growth segment of the Solar Industry.Management has an arrangement with an Asian Photovoltaic Solar Panel manufacturer to exclusively represent their products in North America.The 8-year extension of the Federal Investment Tax Credit and the anticipated drop in the cost of solar electric generation bodes well for the Solar Industry.The Company is now generating revenues from the sale of solar products to their network of 50 + dealers as well as income generated from the addition of new dealers and Solar University training.The number and quality of commercial and solar park projects in the pipeline continues to grow, with total capacity for all projects exceeding 50 Megawatts.The Company attracts its dealer network through its proprietary domain name and website, solarenergy.com.The site is the most visited solar website in the world, currently receiving over 350,000 "hits" per month.
Company Information
Solar Energy Initiatives, Inc.
818 A1A North
Suite 202
Ponte Verda Beach, FL 32082
CEO: David Fann
Employees/Consultants: 13 Incorporated: in Delaware June 20, 2006, as NP Capital Corp; name changed to Solar Energy Initiatives, Inc. Sept. 3, 2008.
Issue Type: Common Stock
Sector: Technology
Industry: Electronics
Share Statistics:
Outstanding:16,244,131
Float:3,040,819
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