SOURCE: AgriSolar Solutions, Inc.

September 27, 2011 08:30 ET

Fast Growing AgriSolar Plans Introduction of Its Solar Powered Insect Elimination Systems Into the European Market

DENVER, CO--(Marketwire - Sep 27, 2011) - AgriSolar Solutions, Inc. (OTCBB: AGSO) today announced an aggressive European rollout of its patented, pesticide-free, solar powered insect elimination systems for use on commercial farms, orchards and vineyards. AgriSolar plans to open several European sales and distribution offices in conjunction with its European partners in order to capitalize on the enormous potential of the European market for effective alternatives to traditional insecticides.

"The time is right for us to significantly expand our distribution considering the push to implement Europe's Pesticide Framework Directive, which aims to reduce the risks and impacts of pesticides on human health," commented Mr. Liang Chao Wei, AgriSolar's Chief Executive Officer. "Our state-of-the-art insect control systems have seen great success in the Chinese agricultural market, which has allowed us to grow our revenues very quickly. Additionally, we have recently added a meaningful amount of additional manufacturing capability that will allow us to produce in the volumes necessary to satisfy the additional strong demand we are expecting within the European market.

The European Parliament has passed sweeping legislation known as the Pesticides Framework Directive on the sustainable use of pesticides, which aims to reduce the risks and impacts of pesticides on human health and the environment by promoting the use of alternative pest management methods that give priority to non-chemical methods, including organic farming and integrated pest management that keep pesticide levels as low as possible.

Over recent periods AgriSolar has seen rapid growth. Revenue for the three-month period ending June 30, 2011 was $5.6 million, a 147% increase from the previous quarter ended March 2011 and a 90% increase on a year-over-year quarterly basis. Gross profit increased to $1.6 million from $1.0 million during the year ago period. Quarterly comprehensive income for the quarter was $423,482, or $.01 per share (basic), compared to a loss during the June 2010 quarter. The Company plans to augment its already robust growth rate via international expansion into Europe, as is being announced today, and into North and South America.

About AgriSolar Solutions, Inc.
AgriSolar Solutions is a fast growing company that manufactures and markets a unique, patented, pesticide-free, solar powered insect elimination system that targets the global commercial agriculture industry for use on farms, orchards and vineyards. AGSO's mission is to eliminate the need for pesticides, a $70 billion industry, everywhere commercial agriculture exists. Estimates place the cost to use the cheapest chemical insecticides available in the market at about $9.00 per acre per month, with the cost of herbal or organic insecticides much higher on average at approximately $60.00 per acre per month. In comparison, the cost of the Company's solar insect elimination system is substantially lower at approximately $1.00 per acre per year.

While over 100,000 of AgriSolar's solar powered insect elimination systems are being used around the world, with the Company already well entrenched in the important agricultural industry in China, AGSO is expanding internationally at a rapid pace. AgriSolar is headquartered in Colorado, United States, operating a 4,500 sq. meter (48,450 sq. feet) research and manufacturing facility in China. More information about AgriSolar Solutions can be found at

Forward-Looking Statement Notice: This press release includes "forward-looking statements" as defined by the 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-KSB and Quarterly Report on Form 10-QSB. 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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