SOURCE: Solar Acquisition Corp.

May 02, 2011 10:20 ET

SLRX Appoints Daryl Bassett as Its New President

ANN ARBOR, MI--(Marketwire - May 2, 2011) - Solar Acquisition Corp. (OTCBB: SLRX) today announced that Mr. Daryl Bassett has been appointed as the new President of the company. Mr. Bassett has a long and successful career in energy policy, public service and finance.

Mr. Bassett's career in energy policy has included a variety of state and national posts. Mr. Bassett sat as a Commissioner on the Arkansas Public Service Commission as an appointee of former Governor and current Fox News host Mike Huckabee from 2003 until 2009. During his tenure with the Commission, Mr. Bassett also was a member of the National Association of Regulators Utilities Commissioners. As a member of the NARUC, Mr. Bassett held several titles including Chairman of the Committee on Finance and Technology, Vice Chairman of the Investment Council and Vice Chairman of the Legislative Affairs Task Force.

Mr. Bassett also has a worked in collaborating state and federal efforts as a member of the Federal Communications Commission (FCC) Federal Task Force on Accounting, as Chairman of the FCC Task Force on Diversity in Telecommunications, and as Vice President of the Southeastern America Association of Regulatory Utility Commissioners. Prior to his work with the Commission, Mr. Bassett also worked as Arkansas Governor's State Budget Director from 2001 to 2003 and the Governor's Chief Policy Advisor from 1999 to 2001.

In 1985, Mr. Bassett joined Merrill Lynch as an investment banker and broker until he entered the public sector in 1995. Mr. Bassett is a 1978 graduate of Harding University with a degree in Business and Public Administration.

Forward-looking Statement:
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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