Degama Software Solutions, Inc.

August 11, 2009 09:47 ET

Degama Software Solutions, Inc. to Enter Into Renewable Energy Industry

LAS VEGAS, NEVADA--(Marketwire - Aug. 11, 2009) - Degama (PINK SHEETS:DGMA) is set to enter into the renewable energy business. The company which will work as a fund dedicated in locating and investing in Next generation energy technologies which have the potential to revolutionize the current market. The company will look into those technologies which will enable cheaper and more efficient energy generation, storage, and distribution, as well as their applications and introduction to the mainstream market.

Some examples include: cheap generation of solar hydrogen (H2PS), third generation biofuels (algae), next generation batteries, or electricity generation from waste heat.

The objective of Degama will be to participate in the patents of these technologies, help the technologies mature, and participate in the profits generated by owning the rights.

Degama Software Solutions, Inc. will change its name to just Degama, Inc. which will better reflect the nature of its present business.

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.

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