SOURCE: AgriSolar Solutions

May 03, 2011 08:30 ET

AgriSolar Solutions Continues to Grow Backlog With US$6MM Order -- On Track to Exceed 2010 Results

DENVER, CO--(Marketwire - May 3, 2011) - AgriSolar Solutions, Inc. (OTCBB: AGSO), a manufacturer of patented, pesticide-free, solar powered insect elimination systems for use on farms, orchards and vineyards, today announced it has added additional order backlog through the recent award of new orders totaling US$6 million from thirteen provinces within the People's Republic of China. These new orders come on the heels of a recent US$13 million order from one of its largest distributors, Sichuan Gifore Agricultural.

"Last week, we announced a single order that exceeds our entire gross sales during 2010 and we are pleased to announce today this additional order for US$6 million," commented Charles Liang, CEO of AgriSolar Solutions. He continued, "With our growing backlog and the significant interest in our products we are seeing from both the Chinese and worldwide agricultural industries, we expect to exceed last year's orders and sales. We are very pleased to be a contributor to the major shift toward reduced pesticide usage or complete pesticide elimination that is occurring within many sectors of the agricultural industry."

AgriSolar Solutions estimates that the cost to use the cheapest insecticide available in the marketplace is approximately US$9 per acre per month, and that the cost of herbal or organic insecticides is US$60 per acre per month. In comparison, the Company estimates the cost to use its solar insect killer is substantially lower, approximately US$1 per acre per year. As a result, in addition to being environmentally friendly, users can enjoy significant cost advantages by using the Company's solutions instead of traditional insecticides.

About AgriSolar Solutions, Inc.
AgriSolar Solutions, Inc., a fully reporting company that trades on the U.S. OTCBB under the symbol AGSO, and is engaged in the development, production and sale of patented, pesticide-free, solar powered insect elimination systems for use on farms, orchards and vineyards. AgriSolar's goal is to dramatically enhance the quality of food products by providing alternatives to the use of chemicals in the global food chain while at the same time significantly improving the economics of commercial agriculture. To date, in excess of 65,000 of the Company's solar powered insect elimination systems have been installed throughout the world. AgriSolar's manufacturing facility, operated by its subsidiary Shenzhen Fuwaysun Technology Company Limited, a PRC corporation, is located in Shenzhen, People Republic of China ("PRC"). More information about AgriSolar can be found at www.agrisolarsolutions.com.

Forward-Looking Statement Notice: This press release includes "forward-looking statements" as defined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the Company's recent filings with the SEC, including its Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Furthermore, the Company does not intend, and is not obligated, to update publicly any forward-looking statements, except as required by law.

Contact Information

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