SOURCE: Solar Energy Initiatives

Solar Energy Initiatives

February 23, 2011 08:00 ET

Solar Energy Initiatives, Inc. Sells Its Solar EOS Division

PONTE VEDRA BEACH, FL--(Marketwire - February 23, 2011) - Solar Energy Initiatives, Inc. (OTCBB: SNRY), with business in solar project development, today announced that the Company has sold its Solar (EOS) Division for a note and assumption of defined debt. The EOS division is a technical training school for understanding the core concepts needed to install solar photovoltaic and thermal systems.

David Fann, CEO of Solar Energy Initiatives, Inc., stated, "With the sale of the EOS Division, the company will now streamline its business and focus on its growing pipeline of municipality projects through the SNRY Power Division."

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a developer of solar photovoltaic installations. These services are provided through its wholly owned subsidiary, SNRY Power, who is a developer and manager of municipal and commercial scale solar projects. For more information please visit http://www.solarenergy-us.com/.

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