Solar Sells Controlling Interest in Planktos Corp.
10 Diciembre 2008 - 12:26PM
Business Wire
Solar Energy Limited (OTCBB �SLRE�) (�Solar�) announced today that
it has sold its controlling interest in Planktos Corp. (Pink Sheets
�PLKT�) to Maidon Services Limited. The purchase price was $200,000
of which $125,000 was paid on closing and the remainder with the
delivery of a convertible promissory note of $75,000 payable within
fourteen months of the transaction. Maidon is a private company
incorporated in Nicosia, Cyprus. Solar continues to explore
prospective business opportunities and intends to transition to
operations in the New Year. Solar�s corporate office has moved to
Palm Desert, California. Forward Looking Statements A number of
statements contained in this press release are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended. A safe-harbor provision may not be applicable
to the forward-looking statements made in this press release
because of certain exclusions under Section 27A(b). These
forward-looking statements involve a number of risks and
uncertainties, including the sufficiency of existing capital
resources, and uncertainties related to the development of Solar�s
business model. The actual results that Solar may achieve could
differ materially from any forward-looking statements due to such
risks and uncertainties. Solar encourages the public to read the
information provided here in conjunction with its most recent
filings on Form 10-K and Form 10-Q. Solar�s public filings may be
viewed at www.sec.gov.
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