Mar 02, 2011 10:23 ET Solarbrook Water & Power Issues a Monthly Status Update on its Current and Recently Completed Projects
CARY, NC--(Marketwire - March 2, 2011) - (PINKSHEETS: SLRW) Solarbrook Water and Power Corporation is pleased to provide a monthly update on the status of its current and recently completed projects and new business relationships.
The company announced the completion of two projects in Wake County, North Carolina. One was the Wake County Eagle Ridge system upgrade, and the other was the nearby Wake County Indian Creek Overlook project. Both were completed within the anticipated timeframe and budget. Solarbrook CEO George Moore, commented, "I am very happy to announce the timely and successful completion of our Wake County projects. The positive benefits which will be derived from these new and upgraded systems will serve as a model to other municipalities looking to provide their taxpayers with an efficient solution to their community water treatment needs."
Solarbrook Water and Power is currently involved in several bids with various states, counties and other municipalities on a range of water treatment projects. The bids are in various stages of negotiations and review. The company will provide status updates on these pending bids as they materialize.
Additionally, Solarbrook has signed on two new distributors, AquaMag, and MeM Water to assist with company expansion, AquaMag, which utilizes proven technologies to remove clay, silt, municipal waste, metal precipitates, oil, grease, inorganic waste and animal waste from water, will be used for liquid separation processing. Also, MeM Water has been brought on to expand the push into the potable water field. MeM water designs water bagging systems for use in the US, and overseas.
The company also gave an update on the status of its pending financial report. "I had expected to have finalized our updated financials by this point," stated Mr. Moore. "Unfortunately the process has taken slightly longer than anticipated. We are dealing with some internal issues and are currently working to have them resolved. I hope to report back shortly with an announcement and apologize for any inconvenience this unforeseen delay may have caused."
About Solarbrook Water & Power Corporation
Solarbrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains' a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of Solarbrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. Solarbrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential. For more information, please visit www.solarbrookwaterandpower.com
Forward-Looking Statements Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact: George Moore Solarbrook Water & Power Corporation Investor Relations Ph: 202-241-0011 investorrelation@solarbrookbrookwaterandpower.com
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