VANCOUVER, July 2, 2015 /CNW/ - Finavera Wind Energy Inc.
('Finavera Wind Energy', 'Finavera' or the 'Company') (TSX-V:
FVR) is pleased to announce that it has received TSX Venture
Exchange (the "TSX-V") acceptance and has officially changed
its name to Finavera Solar Energy, Inc. Since the Company's
acquisition of Solar Alliance of America on June 25, 2015 the Company's business is now
focused on the solar energy industry and the new name more
accurately reflects the Company's core business interest.
Trading under the new name "Finavera Solar Energy, Inc." will
commence on the TSX-V at the opening of trading on July 3, 2015 under TSX-V symbol "FVR".
Jason Bak, CEO
About Finavera Wind Energy Inc.
(www.finavera.com)
Finavera Wind Energy is a company focused
on developing renewable energy opportunities. Our mission is
to create and operate a diversified portfolio of renewable energy
projects while protecting and enhancing the physical and social
environment. Finavera has developed over 360 megawatts
of wind projects and subsequently sold them to utilities or large
independent power producers. Finavera is continuing to
opportunistically review prospects for growth and the enhancement
of shareholder value.
About Solar Alliance Of America Inc.
(www.solarallianceofamerica.com)
Located in San Diego, California, Solar Alliance is a
solar sales and marketing firm focused on residential solar
installations. In 2013, Solar Alliance had $20.7 million in revenue and was ranked #49 on
Inc. magazine's Top 500 list of America's Fastest Growing Private
Companies, making it #2 in the San Diego
Area and #9 on the list of Top 100 California
companies. In 2012, Solar Alliance was rated #45 on the Top
500 list. From its inception in 2009, Solar Alliance has
installed more than 1,500 residential solar systems in southern
California.
Statements in this news release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute
Forward-looking statements. The words "would", "will", "expected"
and "estimated" or other similar words and phrases are intended to
identify forward-looking information. Forward-looking information
includes the anticipated completion of the transaction and the
related closing timeline and structure. Forward-looking information
is subject to known and unknown risks, uncertainties and other
factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different
than those expressed or implied by such forward-looking
information. Such factors include, but are not limited to:
uncertainties related to the ability to raise sufficient capital,
changes in economic conditions or financial markets, results of due
diligence investigations, litigation, legislative or other
judicial, regulatory and political competitive developments and
technological or operational difficulties. Consequently, actual
results may vary materially from those described in the
forward-looking statements.
The TSX Venture Exchange has in no way passed upon the merits
of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
SOURCE Finavera Wind Energy Inc.