P2 Solar, Inc.
OTC Bulletin Board : PTOS

P2 Solar, Inc.

July 07, 2011 09:30 ET

P2 Solar Appoints Consultant for Bulgaria

SURREY, BRITISH COLUMBIA--(Marketwire - July 7, 2011) - P2 Solar, Inc. (the "Company") (OTCBB:PTOS) is pleased to announce the appointment of Mr. Emil A. Dimitroff as Advising Consultant for Bulgaria. Mr. Dimitroff will focus on working with the Management Team to identify and assist in closing on potential PV solar projects in the country of Bulgaria and elsewhere in Eastern Europe.

Mr. Raj-Mohinder Gurm CEO of P2 Solar, Inc. said, "We are pleased to have Mr. Dimitroff, who has excellent capabilities and expertise, assisting us in potential project development in Bulgaria. With Bulgaria and other eastern European countries emerging as new solar markets, the addition of Mr. Dimitroff's talents help to expand the P2 business strategy.

Mr. Emil A. Dimitroff:

Is the Chairman and founder of the North American-Bulgarian Chamber of Commerce, which is based in San Francisco, CA (www.nabcc.org). Prior to this Mr. Dimitroff was also President and CEO of Delta Defense & Aerospace Group, Inc. located in Carlsbad, CA specializing in procurement and manufacturing of military equipment and parts. Mr. Dimitroff obtained his MBA in Global Strategic Management from Dominican University of California and also obtained the title Master, Theology, from the Theological Academy St. Clement Ohridsky from Sofia University.

Solar in Bulgaria;

Bulgaria has emerged as one of Europe's most lucrative solar energy markets because of the country's strong solar irradiation and government feed-in-tariff program. Developers are seeking new opportunities in central and south-eastern Europe after Spain and Germany, the global industry leaders in photovoltaics (PV), have cut or plan to curtail incentives.

Safe Harbor Statement

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the P2 Solar, Inc.'s reports filed with the Securities and Exchange Commission. P2 Solar, Inc. undertakes no duty to update these forward-looking statements.

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