The newly signed contracts have increased based on the company’s ability to work closely with its network of solar dealers, which has now reached more than 60. As part of Solar Energy Initiatives’ “RENEW THE NATION” campaign the company is redeploying construction trade contractors into solar energy dealers. Solar Energy Initiatives is attracting various hotels, hospitals, schools, prisons and other commercial institutions who wish to use solar power to reduce their costs for energy by applying an environmental friendly solution.
“We are extremely pleased to be increasing our revenue guidance and that our business is surpassing our initial revenue expectations,” stated, David Fann, chief executive officer of Solar Energy Initiatives. “Since we launched our RENEW THE NATION campaign in February we have been improving our Company’s overall performance. We have successfully increased our market share and revenue base in each month. In the remainder of fiscal year 2009, we will continue to drive growth through sales from our increasing dealer network. Our results in the fourth quarter will cap off an extremely strong fiscal year for the Company. We have a healthy core business and are strategically exploring growth opportunities, which will build on our success and contribute to continued double-digit revenue growth in fiscal year 2009.”
