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Akeena Solar Expands Into New Corporate Headquarters.


Positions for Next Stage of Retail Growth

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 it is moving into new corporate headquarters in Los Gatos, California “Los Gatos” redirects here. For the Argentine rock band, see Los Gatos (band).
Los Gatos is an incorporated town in Santa Clara County, California, United States. The population was 28,592 at the 2000 census.
, taking over a landmark 20,000-square-foot facility formerly occupied by one of Silicon Valley's oldest and largest automobile dealerships. The move will enable Akeena to consolidate two current San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation).

The San Francisco Bay Area, colloquially known as the Bay Area or The Bay
 locations and efficiently manage its rapidly expanding West and East coast operations.

"Our move will put Akeena headquarters in a highly visible and desirable business location, helping us to better address the burgeoning Bay Area solar market while supporting our operations across the country," said Barry Cinnamon, Akeena's 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. . "It's a symbolic move in that just as affordable, mass-produced automobiles helped define the last century, clean and inexpensive solar power is helping characterize the new. The new, expanded facilities position us to meet the mounting demand for commercial and residential solar power systems - especially as solar power goes mainstream and becomes a retail product."

Akeena will move into facilities at the intersection of two of Silicon Valley's most highly trafficked thoroughfares, Los Gatos Boulevard and Blossom Hill Blossom Hill can mean:
  • Blossom Hill (wine), a wine brand.
  • Blossom Hill (VTA), a station in California
  • Blossom Hill Road, a road in California
  • a school in Los Gatos Union School District, California
 Road in Los Gatos. The location was previously occupied by Swanson Ford, a long-time Bay Area motor vehicle dealership. The new headquarters will house Akeena's administrative, marketing and sales management staff, as well as research and development, warehousing, fleet and demonstration/education facilities. Akeena expects to move into these facilities at 16005 Los Gatos Boulevard in mid June, 2007.

Fast-growing Akeena earlier this month acquired Alternative Energy Inc., a solar company in California's Wine Country. In addition, in the past year the company has expanded West Coast operations to Fresno, Orange County, Bakersfield and Manteca. Akeena's Fairfield, N.J., office serves the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , covering eastern Pennsylvania, 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
, New Jersey and Connecticut.

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar's (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: AKNS) 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, 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 within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 22, 2007
Words:581
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