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Electron Solar Energy Acquires Global, Patented Cable Manufacturer with $1 Million in Sales and 4,000+ Customers
MIAMI-(Business Wire)-January 31, 2008 - Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today that it has acquired 100% ownership in Express Communications Supply, a designer and manufacturer of patented, customized cables and battery back-up systems to the global telecommunications industry. With this acquisition, Electron Solar gains Express Communications' patented designs, 4,000-plus customers in 50 states, $1 million in annual sales and a 3,000 sq. ft. state-of-the-art manufacturing site located in Boca Raton, Florida.
The Express Quick Cables(TM) branded line of cables can be installed in major manufacturer's telephone systems, including Avaya, Comdial, Panasonic, Samsung, Tadiran, and Toshiba. These cables are primarily used in large-scale commercial office and industrial telephone installations for their ability to reduce installation time by two man hours, on average, compared to traditional wiring methods. "Express Communications adds important intellectual properties to our portfolio, along with a talented staff, and a facility full of sophisticated, automated manufacturing equipment, to expand our business," said Christopher Quinn, President and CEO of Electron Solar Energy. "We can now enhance quality control in our cabling, and accelerate our lead times to assemble solar energy kits by manufacturing the cables in-house. This will help boost our gross margins during 2008. Electron's vertical integration into manufacturing has been a goal of ours for some time."
Roberta Ames Kandell, Division Vice President of Express Communications Supply, commented, "This is a win-win situation for everyone involved. This opportunity will give us even better capabilities to provide high quality, competitively priced products. We will continue to serve our telecommunications customers seamlessly, while we enter the emerging solar energy marketplace. Our employees, customers and share-holders will all benefit as bottom line financial growth is quickly recognized."
About Express Communications Supply
Express Communications is a leading manufacturer of custom telecommunications equipment for businesses worldwide. Founded in 1994, the company's custom designed cables Express Quick Cables(TM) hold two U.S. patents, and are primarily used in the installation of commercial telephone systems. In addition, Express manufactures self-contained rechargeable battery back-ups called Express Power Paks(TM) and sells telephone installation hardware at competitive prices. For more information, visit http://www.expcomm.com/.
About Electron Solar Energy
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com. For investor relations, visit http://www.otcfn.com/esrg.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
