SOURCE: Atlantic Wind & Solar Inc.

Atlantic Wind & Solar Inc.

November 11, 2009 17:03 ET

Atlantic Wind and Solar Inc. Corporate Update on Promising Ontario Solar Focus

TORONTO--(Marketwire - November 11, 2009) - Atlantic Wind and Solar Inc. (PINKSHEETS: AWSL) is pleased to report that, in keeping with its clear focus on extraordinary opportunities in the dynamic Ontario Solar Power market, it has selected Toronto, Ontario as the location for its headquarters. Canada's largest city, Toronto is the epicenter of Ontario's Renewable Energy revolution. Located on Bay Street in the heart of Toronto's financial district, AWSL's new offices are being renovated for scheduled occupation in the first week of December 2009.

Our New Address
Atlantic Wind and Solar Inc.
350 Bay Street, Suite 1201
Toronto, Ontario
Canada, M5H 2S6
Phone: 1 (800) 891-1657
Fax: +1 (888) 316-0424

Ontario Welcomes Renewable Energy

Atlantic's move to Toronto was prompted by the Ontario Government's global pace-setting Green Energy Act and lucrative Feed-in-Tariff (The "FIT" program), which provided a strong boost for AWSL's rooftop solar initiative. The incentives contained in the Province's progressive Green Energy Act are unequalled in North America and have been hailed as world leading in terms of encouraging the development of Renewable Energy projects. AWSL's Toronto headquarters will also house the Company's wholly-owned Canadian subsidiary, Atlantic Solar Inc., formed to focus on rooftop and ground mounted solar projects throughout Ontario.

Focused Squarely On Ontario Solar

Atlantic Wind and Solar is now concentrating its marketing efforts on the exciting opportunities in the business of supplying, installing and, where appropriate, owning its leading edge Micro Energy Park rooftop and ground mounted solar PV systems in Ontario. This corporate focus emerged when the Government instituted its paradigm-changing Green Energy Act with its lucrative FIT program in September.

Recently, Atlantic Wind and Solar received several Letters of Interest and/or Intent regarding deployment of its rooftop solar energy parks in Ontario as the interest in rooftop solar systems rapidly moved to a new level since September. Discussions are currently underway with various parties regarding additional AWSL Micro Energy Park rooftop solar projects.

Other News

Atlantic will not be proceeding with a study for the Morton Salt Company of Chicago to assess the feasibility of producing electricity from hybrid renewable energy ("RE") at its major salt producing facility on the island of Grand Inagua in the Bahamas. Morton Head office has put this project on hold until further notice, and AWSL management will not be pursuing this remote project in light of its new focus on Solar Energy in Ontario. Until further notice, potential Wind Power and hybrid Renewable Energy projects conflict with the Company's primary focus on Solar opportunities in Ontario.

AWSL and SEC-approved auditors Sam Kan & Company continue to work together towards achieving a listing status upgrade whereby the Company can ultimately elevate its share listing to a larger, higher profile venue for its share trading.

Sales and Marketing Contacts

To make Renewable Energy sales enquiries, please call +1 800 891 1657 ext. 230. Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the province of Ontario, Canada, and which they are interested in possibly leasing to AWSL, are invited to call Mr. Geoff Moffat, Cushman & Wakefield Ltd. at 416-359-2534.

About Atlantic Wind and Solar Inc.:

Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical Renewable Energy. The Company is working with parties in the Real Estate and Property Management sectors in Ontario to secure rooftop leases suitable for AWSL's photovoltaic (PV) renewable energy system.

For further coporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com

Disclaimer:

Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Investor Relations Contact:
    Geneva Bancorp.
    Mr. Brent O'Connor
    +1 647 343-2549
    Email: Email Contact