SOURCE: AgriSolar Solutions, Inc.

October 06, 2010 08:30 ET

AgriSolar Solutions, Inc. Signs Investment Banking Agreement

DENVER, CO--(Marketwire - October 6, 2010) -  AgriSolar Solutions, Inc. (OTCBB: AGSO) announced today that it has recently retained Joseph Gunnar & Co, LLC., a leading smallcap investment banking firm, to assist the Company with its future strategic development. Representatives of Joseph Gunnar are expected to travel to Shenzhen, People's Republic of China ("PRC") to conduct a physical review of the manufacturing facilities and operations of the Company later this month. The Board of Directors of the Company, with the assistance of Joseph Gunnar, intend to develop strategic plans to expand operations and possible strategies to improve the Company's capital position in order to finance raw material purchases to fulfill its backlog orders of products.

AgriSolar Solutions today also announced that, as of September 30, 2010, the Company had backlog orders of its proprietary-solar powered technology, which kills insects harmful to commercial agriculture, which exceeded US$20,000,000. Additionally, the Central Government of the PRC recently selected Fuwaysun, Ltd., the operating subsidiary of AgriSolar Solutions, to advise the government on creating written standards for solar insect killing technology in the PRC for subsidy programs.

Stephan Stein, President of Joseph Gunnar, stated: "We are excited for the opportunity to assist the Company. Joseph Gunnar has recently made a decision to be an active participant in the Asia markets. AgriSolar Solutions possesses what we are looking for in clients -- proven technology which is 'green' with applications in fundamental sectors of our global economy, such as agriculture."

This information is being provided for public disclosure pursuant to SEC Regulation FD.

About Joseph Gunnar & Company, LLC: www.JosephGunnar.com.
We are a full service broker-dealer dedicated to assisting clients in achieving their financial goals by providing a full array of investment products and vehicles to private and corporate clients.

About AgriSolar Solutions, Inc: www.agrisolarsolutions.com
Through our wholly-owned subsidiary, Shenzhen Fuwaysun Technology Company Limited, a PRC corporation, we are engaged primarily in the development, production and sale of solar products, including a solar insect killer and other products designed for agricultural and commercial use. Our manufacturing facility is located in Shenzhen, PRC, and a substantial majority of our current sales and business operations are in China.

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

  • For more information contact:
    Randy J. Sasaki
    303-623-5400
    Email Contact