P2 Solar, Inc.
OTC Bulletin Board : PTOS

P2 Solar, Inc.

February 02, 2010 09:30 ET

P2 Solar, Inc. Submits Detailed Project Report to the Punjab Government

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2010) - P2 Solar, Inc. (OTCBB:PTOS) (the "Company") is pleased to announce that it has submitted a Detailed Project Report to India government officials. The report was a requirement of the Memorandum of Understanding between the Company and the Punjab government. The report includes a feasibility study on the proposed project.

"This is a major step towards getting an implementation agreement with the Punjab government. I am very pleased with our team and the effort that was put into the report," said Mr. Raj-Mohinder Gurm, President / CEO of P2 Solar.

A third party EPC engineering feasibility analysis combined with internal engineering verification, confirmed feasibility of the proposed 25 MW solar project for India.

About P2 Solar, Inc.

P2 Solar, Inc. is dedicated to building large scale Solar Power Stations in countries with a high demand for clean renewable power. Currently the Company is focusing its efforts in India as a primary target market, an area starved of power, yet enjoying maximum exposure to sunlight. The Company will be involved in R & D for solar technology and will be implementing a Solar Module Assembly facility in India for the production of solar panels for application in its Commercial and Industrial projects. For additional information please visit our website at http://www.p2solar.com.

Forward-Looking Statements

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in P2 Solar, Inc.'s reports filed with the Securities and Exchange Commission. P2 Solar, Inc. undertakes no duty to update these forward-looking statements.

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