Akeena Solar Announces Addition to Its Board of Directors; Second Quarter 2006 Earnings Conference Call Scheduled for September 7, 2006 at 11 a.m. PT.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif. -- Akeena Solar, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AKNS), a leading designer and installer of solar power systems, today announced that its board of directors has appointed Edward Roffman to the board. His appointment increases the board size to two members. "We are thrilled to have Ed join our board," stated Barry Cinnamon, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Akeena Solar. "Ed has over 30 years of experience, including serving as a CFO See Chief Financial Officer. and a consultant for numerous private and newly public companies, as well as extensive acquisition experience. We believe Ed will provide us with financial and strategic insight as we drive strategy execution as a newly public company." "I am delighted to have the opportunity to work with Barry and the management team at Akeena Solar," said Roffman. "As the acceptance of and demand for solar power is growing rapidly in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , this is a pivotal point in the company's evolution. I am excited to help guide management as the team solidifies its strategy to increase sales and marketing, as well as expand its nationwide presence into new regions that have high electricity costs and rebate incentives." Roffman, 56, most recently was CFO for two consumer software companies: Red Mile Entertainment, Inc. and Fluent Entertainment. He recently retired from Red Mile, but continues assisting management on a part-time basis. Roffman is also a principal in Creekside, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a which provides strategic direction, assists in fund raising, and counsels on reorganizations, acquisitions and strategic partnering. Roffman formed Creekside in 1999. Prior to that, from 1994 to 1998, he was COO and CFO of Palladium Interactive, a consumer software company, where he was responsible for many functions including finance, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , manufacturing, and sales. From 1989 through 1994, he ran Roffman and Roffman Consulting assisting with equity raises, banking relationships and business plans to start-ups and turnaround companies. He also worked at Cellnet, formerly Domestic Automation, as CFO; Activision, as CFO, National Semiconductor Corporation, Automatic Data Processing Same as data processing. , Inc. and Deloitte & Touche. Roffman has his B.B.A. from Temple University and is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Conference Call Information Akeena Solar will host an earnings conference call at 11 a.m. Pacific Time on Thursday, September 7, 2006 to discuss its second quarter 2006 earnings results. Barry Cinnamon, president and CEO, and Lad Wallace, CFO, will discuss strategy, review quarterly activity, provide industry commentary, and answer questions. The call is being webcast and can be accessed from the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " section of the company's website at www.akeena.net. If you do not have Internet access, please dial 1-800-798-2884 in the U.S. International callers should dial 1-617-614-6207. If you are unable to participate in the call at this time, the webcast will be archived on the company's website. In addition, a telephonic replay will be available for four business days, beginning two hours after the call. To listen to the replay, in the U.S., please dial 1-888-286-8010. International callers should dial 617-801-6888. The pass code is 97071476. Any additional or updated material, non-public information that might be discussed during the call will be provided on the company's website at www.akeena.net shortly after the call and will be accessible for at least twelve months. About Akeena Solar, Inc. Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at www.akeena.net. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements made in this release that are not historical in nature constitute forward-looking statements. Forward-looking statements can be identified by the use of words such as "expects," "plans" "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements. |
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