Lonestar Capital Corp.

Lonestar Capital Corp.

March 09, 2009 13:38 ET

Lonestar Capital Corp. Creates Commercial Division and Names Solar Veteran as Director, Commercial Operations

HOUSTON, TEXAS and VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2009) - Lonestar Capital Corp. (TSX Venture: LON) ("Lonestar" or the "Company"), an emerging aggregator of Solar Power Integrators, has created a commercial division and is pleased to announce that it has named Ron Warmack as Director, Commercial Operations.

Prior to joining the Company, Mr. Warmack was Electrical Construction Manager with OptiSolar, Inc. He has over 30 years experience in the Energy Industry building Photovoltaic Systems, Power Plants, Refineries, and High Voltage Sub Stations. He was featured in the February 2004 publication of EC&M magazine as an Electrical Contractor constructing a 210kW Photovoltaic system for 108 condos which provided 80% of their energy requirement. In April of 2005 he received a Photovoltaic Certification from NABCEP (North American Board of Certified Energy Practitioners) and was invited to be a public speaker at the Electric West Conference in Anaheim, California.

At Lonestar, Mr. Warmack will head the Commercial Operations. Steve Vella, Chief Operations Officer of Lonestar said, "Mr. Warmack brings to the Company his specialized skills in Project Design Development and Construction Management. We are excited about the additional depth of commercial solar energy experience he brings to the entire organization."

Harry Fleming, CEO of Lonestar, commented, "Mr. Warmack will be a key player in implementing Lonestar's efforts in the Commercial Solar Project Market. We are already seeing tremendous opportunities presented by the recent programs announced by the U.S. Federal Government as part of the stimulus package," added Fleming.

About Lonestar Capital Corp.

Lonestar's business plan is focused on the consolidation and growth of renewable energy companies, primarily in the United States solar market. Lonestar through its acquisition of Acro Electric, Inc., a leading California residential solar integrator, has initiated its acquisition campaign in the solar integrator market. Lonestar continues to evaluate suitable acquisition candidates across North America.

This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information