Clear Skies Solar, Inc. to Install $800,000 Solar Energy System on Mc Gowan Builders, Inc.'s New Headquarters in East Rutherford, NJ.610 Panels to Deliver 122,000 Kilowatt Hours of Electricity Each Year 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 -- Clear Skies Solar, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSKH CSKH Countersunk Head ), a leading developer of solar energy products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic (PV) solar systems, today announced a contract with Mc Gowan gow·an n. Scots A yellow or white wildflower, especially the Old World daisy. [Probably alteration of Middle English gollan, a plant with yellow flowers; akin to Old Norse Builders, Inc. (MBG MBG Missouri Botanical Garden (Saint Louis) MBG Molecular Biology and Genetics (Cornell University department) MBG Money Back Guarantee MBG Matthaei Botanical Gardens (Ann Arbor, MI) ) to install a solar energy system at the company's new headquarters in East Rutherford, NJ. Under the contract, Clear Skies Solar (CSS (1) See Cascading Style Sheets. (2) (Content Scrambling System) The copy protection system applied to DVDs, which uses a 40-bit key to encrypt the movie. ) will install a 122 kw solar photovoltaic system, composed of 610 Suntech 200 watt solar panels, designed to offset the majority of buildings' current energy usage charges. Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar said, "The renewable energy credits (RECs) offered in the state of New Jersey for this type of project created an outstanding investment opportunity for Mc Gowan Builders. The RECs, combined with deprecation dep·re·cate tr.v. de·pre·cat·ed, de·pre·cat·ing, de·pre·cates 1. To express disapproval of; deplore. 2. To belittle; depreciate. , the federal tax credit and the finance package they chose, will produce a positive cash flow for the company within the first year, and drive the effective cost of the system down significantly." "We selected CSS's $800,000 solar energy system for Mc Gowan Builders' new headquarters building as an investment in the future - the future of our firm and the future of our planet. CSS provided a solution that satisfied both our cost and performance requirements. The photovoltaic panels will reduce energy production-related carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. emissions by approximately 144,000 pounds annually. This investment is a part of MGB's environmental initiatives that incorporate green construction practices as well as design and building systems solutions that will result in LEED points for the company's new headquarters," said Martin Mc Gowan, MGB MGB Mini-Gastric Bypass MGB Minor Groove Binder (molecular biology) MGB Manual Gearbox MGB Matthew Good Band MGB May God Bless MGB Medial Geniculate Body MGB Medium Girder Bridge MGB Motor Gun Boat MGB Microsoft Global Briefing Vice President. Once completed, this New Jersey-based installation will offset the electricity of 39 average-sized American homes. The project is slated to take approximately five weeks to complete and will begin August 2008. About Mc Gowan Builders, Inc. Headquartered in North Bergen, New Jersey North Bergen is a township in Hudson County, New Jersey, United States. As of the United States 2000 Census, the township had a total population of 58,092. North Bergen was incorporated as a township on April 10, 1843, by an Act of the New Jersey Legislature, from Bergen , Mc Gowan Builders, Inc. is a premiere full-service general contracting and construction management firm. The company serves commercial and institutional clients, including office, retails, hospitality, healthcare, educational, cultural, transportation/airport, warehousing and industrial organizations. The firm delivers projects in New Jersey, New York, Pennsylvania, Connecticut, Massachusetts, Rhode Island, Virginia, Florida and Louisiana. About Clear Skies Solar Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , provides full-service renewable energy solutions to commercial, industrial, and agricultural clients domestically and internationally. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com. Forward-Looking Statement Disclaimer Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission. |
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