SOURCE: BioSolar, Inc.

February 27, 2007 09:05 ET

BioSolar Begins Trading Under Symbol BSRC

SANTA CLARITA, CA -- (MARKET WIRE) -- February 27, 2007 -- BioSolar, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce thin film, flexible solar cells on bio-based plastic substrates, today announced that the company's shares have been approved for trading on the NASD's Over-the-Counter Bulletin Board market under the symbol BSRC.

"We are very excited to go forth under our new trading symbol, BSRC," said David Lee, the Company's President and CEO. "Current shareholders and potential new investors can use the symbol to obtain our current trading and financial information, as well as getting news about our company's developments and accomplishments. We are very excited about our business. We believe that global demand for Photovoltaics is mushrooming. We believe that producing the solar cells on substrates made from bio-based plastics will make this technology even more environmentally friendly, while still being good business. We believe we have the right combination of characteristics to develop a rapidly growing company for our shareholders."

About BioSolar, Inc.

BioSolar, Inc. is developing a breakthrough technology to produce thin film, flexible solar cells on bio-based plastic substrates (patent pending). We believe that renewable energy sources, such as solar, are likely to play a major role in satisfying the global thirst for energy. The emerging market for thin film, flexible solar cells includes building materials, outdoor power, emergency power, mobile computer and communications and other sectors. To learn more about BioSolar, please visit our website at http://www.biosolar.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contact Information

  • Contact:
    BioSolar, Inc.
    David Lee
    (661) 251-0001