SOURCE: Floyd Associates

Floyd Associates

March 10, 2010 08:00 ET

Solar Energy Companies Dominated Top Three Spots in the WSJ's First Ranking of Venture Backed Clean Technology Firms

Top Ten Clean Tech Companies

LOS ANGELES, CA--(Marketwire - March 10, 2010) - A Recent survey of venture backed clean technology companies published by the Wall Street Journal ranked solar power companies as top three in a list of growing green companies of 2010

The analysis used a wide range of factors including the track records of success for both a company's management and for the investors on its board; the amount of capital raised in the last three years, and the percentage change in a company's valuation in the 12 months ended Nov. 30. Based on these factors, eSolar of Pasadena was one of the few solar power companies to make the list out the 350 venture firms surveyed. eSolar was number three on the list.

"With current breakthroughs in solar technologies, we believe that the solar market will continually experience growth within the clean tech industry," said Mr. Nima Montazeri, Floyd Associates' Managing Director. "We believe that future demand for power will be generated from a combination of renewable sources with a significant portion coming from hybrid solar power plants," he added.

About Floyd Associates

Floyd Associates is a privately held consulting firm with expertise in corporate finance, business strategy, and mergers and acquisitions. Our expert team advises companies of various sizes on capital raising instruments, optimal capital structures, and formation of strategic alliances. Capitalizing on years of experience, the Company offers complete solutions customized to meet the specific needs of each of its clients. The Company intends to form long lasting relationships with its clients and to maximize shareholder value through optimization of capital structure and business planning. Solutions include equity financing, business expansion plans, global corporate finance solutions, and international trade strategies.

Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

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