SOURCE: GiraSolar

October 30, 2006 10:27 ET

GiraSolar BV Hires Chief Financial Officer

DEVENTER, THE NETHERLANDS -- (MARKET WIRE) -- October 30, 2006 -- GiraSolar, Inc. (PINKSHEETS: GRSR) (FRANKFURT: L2I) is pleased to announce its subsidiary GiraSolar BV has recently hired a new chief financial officer to strengthen its management team.

CEO Wieland Koornstra of GiraSolar BV stated, "We are very pleased to have our new CFO -- Mr. Steven de Bruijn -- on board. Mr. De Bruijn has an excellent reputation assisting fast growing companies. We expect that Mr. De Bruijn will significantly contribute to our success with his many years of experience, not only as an accounting and financial expert, but also because he has worked with various well known renewable energy companies in the past and knows the solar business first hand."

Steven de Bruijn, newly appointed CFO of GiraSolar BV, added, "This career change from accounting and consulting to become a part of a dynamic and fast growing organisation as GiraSolar is personally exciting. Having worked with renewable energy companies as an accountant and consultant, it is a great pleasure to now be able to actively contribute to the success of GiraSolar from the inside."

Mr. De Bruijn is a fully qualified Dutch AA Accountant. He previously worked for Boschland Accountants & Advisors, a well established accountancy firm with 5 branch offices covering the East and Middle of the Netherlands. He left his position of Senior Manager Boschland Accountants in to join GiraSolar.

This press release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and investors are cautioned not to put any undue reliance on any forward-looking statement. Mr. De Bruijin is not a PCAOB qualified or licensed accountant in the United States. This press release should be read in conjunction with GiraSolar's periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and GiraSolar undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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