SOURCE: Solar Acquisition Corp.

January 31, 2012 09:35 ET

Solar Acquisition Corp. Announces Strategic Review

ANN ARBOR, MI--(Marketwire - Jan 31, 2012) - Solar Acquisition Corp. (OTCBB: SLRX), a development stage public company with a portfolio of clean energy assets, announced today that it has begun a review of its operations.

Over the course of the past two years, the Company made investments in various clean energy assets. The Company has determined it is necessary to begin a strategic review of its assets and operations. The review will focus on strengthening core activities and is expected to lead to changes in the Company's relationship to its investments, strategic relationships, personnel, and may include reorganization and the sale or disposal of non-core assets.

The Company anticipates the review process to last six weeks and include the participation of outside consultants and technical experts in order to broadly explore options for optimizing the value of the Company's asset base.

This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, company developments, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. The company may not implement any planned changes. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

Contact Information

  • CONTACT
    Solar Acquisition Corp.
    248-292-3182