SOURCE: Quantum Solar Power Corp.

Quantum Solar Power Corp.

June 30, 2011 16:35 ET

Quantum Solar Power Hires the Strategic Media Relations Firm Vorticom Inc.

SANTA FE, NM--(Marketwire - Jun 30, 2011) - Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW) is pleased to announce it has retained the public relations company Vorticom Inc. ("Vorticom"). Vorticom will work with Quantum to increase the company's media exposure within North America.

Under the terms of the Agreement, Vorticom has agreed to provide Quantum with public relations services within print, electronic and broadcast media and with other communication activities. The Agreement is effective July 5, 2011 and is for a term of 12 months. In consideration of Vorticom's business advisory services, Quantum will pay $5,625 USD per month and grant 1,875 warrants (the "Warrants") each month, to purchase shares of Quantum's common stock at an exercise price of $1.00 until the earlier of July 5, 2012 or the termination of the Agreement. The Warrants are to be issued quarterly. Quantum has agreed to reimburse Vorticom for applicable out-of-pocket expenses and may cancel the Agreement at any time by providing 30 days notice. The Warrants and any shares issued on exercise of the Warrants will be issued pursuant to the provisions of Rule 506 of Regulation D of the Act. Vorticom represented that it was an accredited investor as defined under Regulation D.

Quantum's CEO Daryl Ehrmantraut stated, "Our goal is to leverage Vorticom's media placement experience to increase Quantum's public exposure. Vorticom will work with our Director of Marketing, Erik Cathcart to implement the next stage of Quantum's marketing and communications strategy. The timing is now right for those interested in renewable energy to learn about Quantum's novel and disruptive technological approach to solar power generation."

About Quantum Solar Power Corp.
Quantum Solar Power Corp. is developing a "Next Generation Device" (NGD™) photovoltaic technology. Quantum's NGD™ is a patent pending, laboratory model that utilizes a new approach to solar power conversion with the potential to remove the necessity of utilizing expensive silicon semiconductor-based technologies. We believe Quantum's NGD™ technology has the potential to match the efficiency of crystalline silicon PV at the cost of thin film PV. The anticipated NGD™ technology is free of any rare element dependencies found in other current solar technologies. We believe Quantum has the potential to create solar cells (through manufacturing partnerships) at significantly less cost per watt than current technologies. Quantum Solar Power has offices in the U.S. and Canada and can be found on the web at: www.quantumsp.com

About Vorticom Inc.
Vorticom Inc. (www.vorticom.com) is an award winning New York public relations firm that specializes in generating high impact strategic media placements for their clients. Vorticom is an independent firm that specializes in private and listed companies that are Micro, Small and Mid-Cap size. Vorticom's president, Nancy Tamosaitis is a published author of four popular books on Internet communications, and has extensive experience securing national and international media visibility for Fortune 500 and emerging companies.

Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Quantum's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") and constitute "forward looking information" within the meaning of U.S. securities laws. These statements include statements about Quantum's planned technological development plan and are based on material factors and assumptions including Quantum's management's current expectations, estimates, forecasts, and projections about the industry in which Quantum operates and the beliefs and assumptions of Quantum's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Quantum's future financial performance, Quantum's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including the risk that Quantum's technological development plan may not be successful, and those risks identified in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2011. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Quantum undertakes no obligation to revise or update any forward-looking statements for any reason.

Contact Information

  • Contact:

    Erik Cathcart
    Media Relations Contact
    Quantum Solar Power Corp.
    media@quantumsp.com
    +1 (503) 310-9138