2014-04-28 18:05:21 -
Calgary, Alberta (FSCwire) - QSolar Limited ("QSolar" or the "Corporation") is pleased to announce that it has retained public eye CONSULTING ("public eye") to provide investor relations, corporate communications and general corporate development consulting services for the Corporation for Germany, Austria, Switzerland and throughout Europe. public eye has been retained for an initial term of three months. The agreement with the Corporation is designed to increase public awareness of QSolar and its technologies in the European financial community.
public eye is a German based investor relations and corporate development consulting firm owned by Karsten Busche of Berlin, Germany. public eye has a self-professed focus on the discovery of undervalued and promising growth companies and serves these companies by increasing visibility
and accessing capital through an experienced network of investors.
Mr. Busche has an extensive background in the European financial community and has been involved with investor relations and corporate development consulting for a variety of public companies trading on the Canadian stock exchanges as well as numerous private companies. He will be providing the services on behalf of public eye. Mr. Busche was instrumental in advising and assisting QSolar on its recent Frankfurt Stock Exchange over the counter listing announced April 10, 2014.
In consideration of the investor relations services provided and to be provided for Europe, QSolar has paid a fee of €25,000 and granted Mr. Busche initial options to acquire up to a total of 25,000 common shares of QSolar. The options will vest immediately, are exercisable at any time up until the close of business on April 25, 2015, subject to a 30 day exercise provision on termination as stipulated in Mr. Busche’s stock option agreement and subject to the Corporation’s stock option plan. The stock options have an exercise price of $0.80 per share.
The appointment of public eye is in addition to QSolar’s previous announcement on September 19, 2013 that it had retained Tekkfund Capital Corp. ("Tekkfund Capital") to provide investor relations and corporate communications services for the Corporation. Tekkfund Capital is responsible for investor communications, the dissemination of corporate data packages, investigating strategic business alliances and general corporate development consulting services in Canada and the United States. Tekkfund Capital is a Toronto-based investor relations and corporate development consulting firm owned by Gary Perkins. Mr. Perkins is providing the services on behalf of Tekkfund Capital and will liaise and assist QSolar in the coordination of activities with Mr. Busche and public eye.
The granting of these options is subject to certain requisite filings and approval by the CSE.
About QSolar Limited
QSolar trades under the symbol QSL on the Canadian Securities Exchange CSE and Q2O on the Frankfurt Securities Exchange FSE.
QSolar Limited (www.qsolar.net) and its wholly-owned subsidiary, QSolar Ltd., and its wholly-owned subsidiary, QSolar (Shanghai) Photovoltaic Technology Co. Ltd., develop proprietary trade secret solar related processes and technologies, and manufacture and sell proprietary solar products. The Corporation currently manufactures solar photovoltaic (PV) panels in Shanghai, China using its proprietary trade secret Spraytek® and ESS process and its own QLite and QSS family designs. QSolar Spraytek® panels offer several advantages over competing products as they have significantly lower losses in hot climates due to their design, offer superior solar cell encapsulation for better protection, significant weight savings and durability features over existing competitors PV modules.
Additional information on the operations or financial results of QSolar Limited are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.cnsx.ca) and SEDAR website (www.sedar.com) under the profile for QSolar.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gary Perkins, Investor Relations
Tekkfund Capital Corp
public eye Consulting – Berlin, Germany
Telephone: 416- 882-0020
Telephone: +49 30 430 589 22
Andreas Tapakoudes, Chief Executive Officer
Preston J. Maddin, Chief Financial Officer
Neither the CSE nor the FSE have approved nor disapproved the contents of this press release. Neither the CSE nor the FSE accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward looking statements. The use of any of the words “anticipate “continue “estimate “expect ‘may “will “project “should ‘believe and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.
Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether QSolar is able to meet price, performance, quality and delivery requirements. Although QSolar believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. QSolar undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
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Source: QSolar Limited (CSE:QSL) www.qsolar.net/
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