SOURCE: IX Energy Holdings

IX Energy Holdings

June 16, 2009 09:19 ET

IX Energy Announces Completion of Municipal Rooftop Solar System in Warwick, New York

NEW YORK, NY--(Marketwire - June 16, 2009) - IX Energy Holdings, Inc. (OTCBB: IXEH) ("IX Energy"), a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions, announced completion and full operation of a 20kW solar system on the rooftop of the Town Hall in Warwick, NY.

Michael Sweeton, Town of Warwick Supervisor, said, "The system will meet the daily electricity needs of both the Town Hall and the Warwick Senior Center," saving the town about $8,000 per year in electric bills. The majority of the cost for installing the system came through a $100,000 grant from the New York State Energy Research and Development Authority. The town's contribution was $70,000, and its anticipated payback on investment is less than nine years.

"We are pleased by the completion of this project, which is an extension of our plan to increase our efforts to deliver turnkey renewable energy solutions into the government sector and to help municipalities bring clean, green solar energy solutions to their cities," stated Steven Hoffman, CEO of IX Energy.

The solar system, which was designed and installed by IX Energy, provides approximately 20kW of clean electric power. The array consists of 110 170-watt GE modules mounted on racks and one Solexia 3 phase inverter, and a SolrenView data monitoring package which will be displayed on a large LCD monitor which allows public visibility of the solar system performance and solar energy being generated for the Town Hall.

About IX Energy Holdings, Inc.

Founded in 2006, IX Energy, Inc., the wholly owned subsidiary of IX Energy Holdings, Inc., is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

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