SAN DIEGO, Sept. 15, 2008 (GLOBE NEWSWIRE) -- Aspire Clean Tech Communications, Inc., a corporate communications and strategic advisory firm dedicated to the renewable energy and clean tech markets, announced today that it has been engaged by Premier Power Renewable Energy (OTCBB:PPRW) to provide corporate communications and advisory services.
Aspire CEO Todd Pitcher said, "Premier Power is a leading downstream solar firm which has demonstrated success in the burgeoning solar markets both domestic and overseas. In an environment where so many of its peers have struggled to achieve profitability, Premier has. It is amongst the largest and fastest growing solar installers in the nation, achieving sales of $16.7 million in 2007 and has contracted $48 million in sales for 2008, representing 187% year-over-year growth. It has been profitable since 2006, and continues to experience dramatic growth and record sales in the US and Europe."
Premier Power this weekend announced the closing of a $7 million private placement and a reverse merger. The private placement was led by Vision Capital Master Investment Fund, which consisted of 3.5 million shares of Preferred stock at $2.00 per share. GT Securities was the placement agent for the transaction and Genesis Capital Advisors served as the financial advisor.
Factors driving commercial solar adoption include:
* Volatile global energy prices and rising global energy demand * Incentives; feed-in tariffs, net metering, rebate programs geared towards making solar more financially viable * Power purchase agreements * Solar approaches the cost convergence zone; large scale utility projects moving closer to economic viability (without rebates) * Geo-political climate: Kyoto Protocol, emission goals, cap-and-trade policies and green house gas initiatives driving global adoption trends * U.S. Federal Government activity; Key incentive programs serve as short/medium term stimulus * Individual State initiatives such as the California Solar Initiative * New, more cost effective and efficient solar module manufacturing technologies are emerging that make solar more economically viable
About Premier Power Renewable Energy
Premier Power Renewable Energy, Inc. (OTCBB:PPRW) is a leading global provider of small to large-scale solar power systems, delivering unmatched experience to commercial, agricultural and residential customers throughout North America and Spain. Since 1986, Premier Power's industry leading products, technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and trades on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website at www.premierpower.com and in Premier Power's Current Report on Form 8K Filed with the SEC on September 11, 2008.
About Aspire Clean Tech Communications, Inc.
Based in San Diego, Aspire Clean Tech Communications is dedicated to providing strategic consulting and communications services to businesses operating in the alternative energy and clean tech industries. Our commentary and outlook on the public markets and the alternative energy can be found on a daily basis at www.smallcappulse.com.