Solar Energy Initiatives Inc. (OTCBB: SNRY) PDF Print E-mail
Written by Emerging Issuer   
Wednesday | 18 February 2009
Solar Energy Initiatives Inc. Banner
  SYMBOL: (OTCBB: SNRY)
 
Interview with Solar Energy Initiatives Inc. CEO,
Mr. David W. Fann.
 

 

ADDRESS

818 A1A North
Suite 202
Ponte Vedra Beach, FL 32082

Phone: 904-280-2669

Fax: 904-543-4008

Website: http://www.solarenergy.com

 
MANAGEMENT TEAM
 

David W. Fann, Co-Founder, CEO

Michael J. Dodak, Co-Founder

Gregory Bakeman, Pres., Chief Financial Officer & Chief Accounting Officer

Brad Holt, Chairman

 
 
COMPANY OVERVIEW
 
Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is dedicated to reducing the world’s dependence on fossil fuels by selling solar thermal andphotovoltaic (PV) technologies, while building a profitable company. We are executing on a three pronged approach to achieve our plan. This includes: continuing development of one of the fastest growing dealer networks in theU.S. that sells and installs solar solutions to homeowners and commercialcustomers; placing solar systems on large commercial buildings and selling he energy output to the owner/occupant(s); and becoming a developer ofsolar parks bringing together landowners, utilities and our corporate resources to build large photovoltaic installations.
 
BUSINESS SUMMARY
 
Solar Energy Successfully moved from development stage to fully operational solar enterprise in the fastest growing industry worldwide in 2008. The Company is anticipating its revenue run rate to be at $6 million by fiscal year- end July 31, 2009 and $21 million by the 2010 fiscal year-end. Solar Energy has established a network of fifty dealers within their independent solar sales division, which is one of the largest in the U.S.

The Company will utilize the equipment of BP Solar a division of British Petroleum, GE Solar a division of General Electric ,and leading off-shore Asian suppliers as it accelerates it integration strategy, the next growth segment of the Solar Industry.

Management has an arrangement with an Asian Photovoltaic Solar Panel manufacturer to exclusively represent their products in North America. The 8-year extension of the Federal Investment Tax Credit and the anticipated drop in the cost of solar electric generation bodes well for the Solar Industry.

The Company is now generating revenues from the sale of solar products to their network of 50 + dealers as well as income generated from the addition of new dealers and Solar University training. The number and quality of commercial and solar park projects in the pipeline continues to grow, with total capacity for all projects exceeding 50 Megawatts.

The Company attracts its dealer network through its proprietary domain name and website, solarenergy.com. The site is the most visited solar website in the world, currently receiving over 350,000 "hits" per month.
 
Last Updated ( Wednesday | 18 February 2009 )
 
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