Eminence Capital I Inc.

July 12, 2007 09:28 ET

Eminence Capital I Inc. Files Preliminary Prospectus for Minimum $6 Million Offering

TORONTO, ONTARIO--(Marketwire - July 12, 2007) - Eminence Capital I Inc. (TSX VENTURE:ECI.P) ("Eminence"), a Capital Pool Company, is pleased to announce that it has filed a preliminary prospectus with the securities regulatory authorities in Alberta, British Columbia and Ontario in connection with a previously-announced prospectus offering (the "Offering") of a minimum 12,000,000 units in the capital of Eminence (the "Eminence Units") at a price of $0.50 per Eminence Unit to raise gross proceeds of a minimum of $6,000,000. Each Eminence Unit will consist of one common share of Eminence (an "Eminence Share") and a warrant to acquire one Eminence Share at a price of $0.80 during the 18 month period following the date of closing of the Offering. The purpose of the Offering is to provide Eminence with sufficient funds to complete the previously-announced proposed acquisition (the "Business Combination") by Eminence of all of the shareholding interests in the capital of SonnenEnergie GmbH ("SonnenEnergie") from Hans and Maria Hager, of Polling, Bavaria, Germany, the founders of SonnenEnergie and the current holders of all such shareholding interests.

M Partners Inc. has been retained to act as lead agent for the prospectus offering. In consideration for acting as agent for the Offering, M Partners Inc. will receive a cash commission equal to 7.5% of the gross proceeds of the Offering and broker warrants to acquire Eminence Units equal to 7.5% of the number of Eminence Units sold in the Offering.

The Business Combination, once completed, will constitute Eminence's capital pool qualifying transaction pursuant to the policies of the TSX Venture Exchange Inc. (the "Exchange"). Concurrently, Eminence's name will be changed to SonnenEnergy Corp. (the "Resulting Issuer") upon the closing of the Business Combination. Completion of the Business Combination is conditional on obtaining all necessary regulatory, board and shareholder approvals, and satisfying other conditions that are typical for a share exchange transaction of this type.

Net proceeds from the Offering will be used primarily to plan and build additional solar parks for the Resulting Issuer's own use and for commercial sale, to research other potential markets for solar development and for general working capital purposes.

Hans Hager, Managing Director of SonnenEnergie, commented: "This represents a very large step forward for SonnenEnergie. By becoming a public company and raising this capital, SonnenEnergie will be in a position to grow rapidly internationally and to fund projects on an ongoing basis."

About SonnenEnergie

SonnenEnergie is a photovoltaic solar power system integrator and solar power producer based in Polling, Germany. SonnenEnergie markets, sells, designs, installs, and maintains photovoltaic solar power systems for residential and commercial customers in southern Germany. SonnenEnergie started by installing roof top systems and through research and development graduated into larger commercial roof mounted systems and large ground mounted (solar power plant) systems. To date, SonnenEnergie has installed over 4,000 kWp of photovoltaic solar power systems, including three solar power plants that it has built and maintains for commercial customers and one solar park that it owns and operates for its own account.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

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