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What happened to this board? Is no one posting here because of the name change to Open Energy (OEGY)? Is there a new board for OEGY? If so, I haven't been able to find it. Please advise me if there is a new one. TIA.
Open Energy (OEGY), formerly Barnabus Energy, is now on Raging Bull.
http://ragingbull.lycos com/mboard/boards.cgi?board=OEGY
(add the dot before com)
A new map has been created for shareholders to show where Open Energy, formerly Baranabus Energy Inc., projects and shareholders are located. Add your Zip Code to the map and include project locations I've omitted. Let's watch our company grow!
Log on to www.frappr com/openenergyshareholders (add the dot before com).
BBSE Barnabus Energy Announces $1 Million Dollar Sale to Renewable Technologies, Inc.
Market Wire - April 10, 2006 9:08 AM (EDT)
SOLANA BEACH, CA -- (MARKET WIRE) -- Apr 10, 2006 -- Barnabus Energy, Inc. (OTC BB: BBSE), currently doing business as Open Energy Corporation subject to a pending name change, is pleased to announced that Renewable Technologies, Inc. ("RTI") of California, a leading solar energy integration company, has placed a significant order valued at one million dollars.
In announcing this purchase order, Howard Gomes, Vice President of Sales for Open Energy, stated, "We are delighted to be working with the team at Renewable Technologies. RTI is a progressive renewable energy company who offers unmatched solar engineering experience. Our combination of SolarSave™ technology and RTI's experience, emphasis on quality and breadth of market penetration will allow us to secure a variety of high-profile solar projects."
RTI President Darryl Conklin stated, "Our approach to designing, engineering, procuring and installing renewable energy systems is to first analyze the client's facility and determine where energy conservation and efficiency measures can be applied. RTI then selects the appropriate technology. Here is where truly innovative products like SolarSave™ offer RTI the options to deliver solutions to fit our customer's energy requirements. Open Energy's unique integration of photovoltaic cells into the roofing membrane has two-fold benefits for our customers; power generation from otherwise undeveloped space; and a 20-year roofing membrane."
In addition to placing this 200 kW order, Darryl Conklin will act as a liaison for Solar Roofing Systems, Inc. on issues pending, or before the California Energy Commission (CEC), California Public Utilities Commission (CPUC), and the Cool Roof Rating Council. Mr. Conklin is an industry expert holding several degrees and licenses in the State of California.
About Renewable Technologies, Inc.
RTI has been on the forefront of the emerging solar industry since 1994. Its founder, Darryl J. Conklin, is recognized as one of the leading experts in the solar industry. RTI is a professionally licensed engineering firm registered in the State of California as General B class C-10 electrical and C-46 solar contractor that provides design, engineering, and installation for distributed generation (DG) systems. RTI is centrally located in the Sierra foothills of Northern California and provides DG services throughout California, Nevada and Arizona.
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is currently undergoing corporate restructuring including a name change to Open Energy Corp. (OEC). The Company focuses on the development and commercialization of renewable energy products and technologies for a wide range of applications including solar energy, power production, and water desalination. The Company pursues these objectives through acquisitions, strategic partnerships, technology transfer opportunities, and other business strategies.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. and/or Open Energy Corp. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc. d.b.a. Open Energy Corp.
David Saltman, President
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at www.barnabusenergy.com
BBSE: Barnabus Energy to Introduce the World's Lightest, Most Powerful Solar BIPV Module
Monday April 3, 9:00 am ET
SOLANA BEACH, CA--(MARKET WIRE)--Apr 3, 2006 -- Barnabus Energy, Inc. (OTC BB:BBSE.OB - News), currently doing business as Open Energy Corporation subject to a pending name change, announced today that recently acquired Solar Roofing Systems (SRS) of Canada has introduced a major technological breakthrough with its recently redesigned Building Integrated Photovoltaic (BIPV) roofing module that is the lightest, most powerful module commercially available.
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The module has benefited from a proprietary product improvement that has enabled SRS to reduce the weight to only 2 pounds per square foot. The use of Sunpower A-300 cells in the membrane-based application has resulted in a total power output of 480 watts per module -- a 50% power output increase over the nearest competitor.
This accomplishment clearly moves the Company into the design forefront, providing solutions to customers that are looking for lightweight, high-power energy solutions. Management believes that the design changes provide a significant breakthrough and will be of immediate interest to architects, designers and system integrators.
Norman Dodd, President, of East Coast Operations, stated, "Our talented team of Research and Development personnel continues to differentiate our products versus mainstream, traditional module manufacturers. Our core strength continues to be the innovative design of leading-edge applications that provide a significant benefit to our end customers."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is currently undergoing corporate restructuring including a name change to Open Energy Corp. (OEC). The Company focuses on the development and commercialization of renewable energy products and technologies for a wide range of applications including solar energy, power production, and water desalination. The Company pursues these objectives through acquisitions, strategic partnerships, technology transfer opportunities, and other business strategies.
BBSE: Barnabus Energy Applauds New Canadian Solar Energy Subsidy
Wednesday March 29, 9:00 am ET
SOLANA BEACH, CA--(MARKET WIRE)--Mar 29, 2006 -- Barnabus Energy, Inc. (OTC BB:BBSE.OB - News), currently doing business as Open Energy Corporation (OEC) subject to a pending name change, was pleased to learn today that the Canadian Province of Ontario has become the first region in that country to offer cash incentives to homeowners or businesses that install solar electric power generating equipment.
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Under the program, the Provincial Government has set a fixed price of 42 cents per kilowatt-hour which would be sold by the producer directly to their local electrical utility. Government spokespersons were reported as saying that the initiative, called the Standard Offer Program, will add as much as 1,000 megawatts of renewable energy to Ontario's power grid over the next 10 years. This is equivalent to the power needs of 250,000 homes.
The Company's recently acquired affiliate, Solar Roofing Systems (SRS), is headquartered in Ontario and stands to benefit directly from the recent news. Of interest is the fact that SRS now has access to a wider product line which includes solar roofing solutions for virtually every need.
With this enhanced capability in mind, President of East Coast Operations, Norman Dodd, stated today that, "This is an exciting announcement for everyone that works in the renewable energy field, particularly in the solar industry. This incentive will allow us to capitalize on opportunities that exist in Ontario and hopefully other provinces that follow Ontario's lead."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is currently undergoing corporate restructuring including a name change to Open Energy Corp. (OEC). The Company focuses on the development and commercialization of renewable energy products and technologies for a wide range of applications including solar energy, power production, and water desalination. The Company pursues these objectives through acquisitions, strategic partnerships, technology transfer opportunities, and other business strategies.
Form 8-K for BARNABUS ENERGY, INC.
--------------------------------------------------------------------------------
21-Mar-2006
Change in Directors or Principal Officers, Regulation FD Disclosure
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of
Principal Officers.
On March 15, 2006, Mr. Tedman Williams resigned from our board of directors. Mr. Williams served on our Audit Committee at the time of his resignation. There was no disagreement between Mr. Williams and the company on any matter relating to operations, policies or practices.
On March 15, 2006, the board of directors appointed Ms. Vera Pardee to fill the vacancy on the board of directors created by Mr. Williams' resignation. Ms. Pardee is currently the General Counsel, Senior Vice President and Secretary of Digirad (Nasdaq: DRAD), a medical device company based in San Diego. Ms. Pardee was also appointed to our Governance Committee on that date, and will serve as its chair. There was no arrangement or understanding between Ms. Pardee and any other person pursuant to which she was selected as a director, and there are no transactions between Ms. Pardee and the company requiring disclosure under Item 404(a) of Regulation S-B.
Item 7.01 Regulation FD.
The companys press release announcing Ms. Pardee's appointment to the board of directors and Mr. Williams' resignation from the board of directors is furnished herewith and attached as Exhibit 99.1 to this report.
The information in this Item 7.01 and in Exhibit 99.1 is being furnished and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Barnabus Energy Announces Vera Pardee to Join the Board Effective March 15, 2006
Tuesday March 14, 9:00 am ET
SOLANA BEACH, CA--(MARKET WIRE)--Mar 14, 2006 -- Barnabus Energy, Inc. (OTC BB:BBSE.OB - News) is pleased to announce the appointment of Ms. Vera Pardee to the Board of Directors as head of the Company's Governance Committee.
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Ms. Pardee is currently the General Counsel, Senior Vice President and Secretary of Digirad, a medical device company based in San Diego. She oversees all of the Company's SEC filings and Sarbanes-Oxley compliance initiatives, as well as managing their intellectual property portfolio, licensing activities, commercial contracts, and the legal aspects of the HR department for 360 employees in 23 states.
Prior to this, Ms. Pardee served as General Counsel and Vice President of Legal Affairs for Nanogen, where she established the Company's first European offices. From 1988 through 2000, she was a partner at Seltzer Caplan McMahon & Vitek, representing numerous clients in business litigation, securities issues and class action defense, with clients that included Microsoft, General Dynamics, GE and Hughes Aircraft. Ms. Pardee is a graduate of Southwestern University School of Law, a Director of the Association of Corporate Counsel, and a frequent lecturer and author on employment-related issues.
David Saltman, Barnabus CEO, said: "Vera is eminently qualified to serve as an independent member and chairwoman of our governance committee. Her professional experience as general counsel for public companies together with her international experience, alongside her strong moral and ethical convictions will provide leadership and guidance as we launch into our next phase as Open Energy Corporation."
At this time, four of the seven members of the Barnabus Board are now officially independent, with Derek May serving as Chairman, Andrew Leitch as head of the Audit Committee, Douglas Ward as head of the Compensation Committee, and now Vera Pardee as head of the Governance Committee. In related news, Tedman Williams has agreed to step down from the Board. Barnabus thanks Mr. Williams for his dedication and hard work on our behalf.
ABOUT THE COMPANY
Barnabus Energy, Inc. (OTC BB:BBSE.OB - News) is currently undergoing corporate restructuring including a name change to Open Energy Corp. (OEC). The Company is committed to the development of a world-class Renewable Energy company and is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Broke under triple bottom support today.
More s-8 shares?
futrcash
http://www.usatoday.com/news/nation/2006-03-08-california-solar_x.htm?csp=24
Aticle on explosive growth in California's solar roof panel market,and the reasons behind the surge.
futrcash
BBSE Barnabus Energy to Participate in New Solar Housing Project in Chicago
Market Wire - March 6, 2006 9:08 AM (EDT)
Jump to first matched term
SOLANA BEACH, CA -- (MARKET WIRE) -- Mar 06, 2006 -- Barnabus Energy, Inc. (OTC BB: BBSE) is pleased to announce a collaboration with Chicago-based developer Greenpack Construction to develop affordable residential housing with integrated solar electric tiles.
Vice President of Sales Steve Coonen said, "This project demonstrates the triple bottom line values of our Company. Charles and Frank Kam of Greenpack are creating highly regarded LEED certified homes which are affordable and environmentally sustainable, and we are pleased that they have chosen our PV tiles for their projects."
Frank Kam stated, "Greenpack has a mission to build homes and buildings that attempt to provide all of their power by way of solar energy. CE Tiles provides high power output, great esthetics, quick installation, and low maintenance. We look forward to producing hundreds of homes and condominiums incorporating their product."
Greenpack Construction is currently developing the first Energy Efficient Lifestyle Green Options Optimally Developed Condominiums (aka FEEL GOOD Condos), which feature rooftop solar PV, grey water systems, recycling bins, Energy Star appliances, and other components which will qualify the building for Platinum status under the LEED program.
LEED (Leadership in Environmental Energy and Environmental Design) is a voluntary, consensus-based national standard created by the US Green Building Council for high performance, sustainable buildings. There are four levels that buildings can achieve from the LEED rating system: certified, silver, gold and platinum being the highest. As of July 2005, there are only nine platinum-certified "new construction" buildings in the entire world -- two of these buildings are located in India and six in the United States.
In the past five years, the City of Chicago has torn down many of the decaying low-cost inner city housing projects and are replacing them with respectable, affordable, environmental sound dwellings on city-owned land. The Illinois Clean Energy Fund is a participant in this process, providing millions of dollars in public funding to support installation of solar electric systems.
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is currently undergoing corporate restructuring including a name change to Open Energy Corp. (OEC). The Company is committed to the development of a world-class Renewable Energy company and is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Barnabus Announces Completion of Acquisitions
Market wire Here:
http://www.freewebs.com/phantom1_/currentnewsoilgas.htm
SOLANA BEACH, CA -- (MARKET WIRE) -- 02/10/2006 -- Barnabus Energy, Inc. (OTC BB: BBSE) today is pleased to announce that contracts have been signed for the 100% acquisition of both Connect Renewable Energy and Solar Roofing Systems, Inc. Closing of the acquisition is subject only to the Company's successful conclusion of its next round of financing.
The agreements were finalized during a two-day Directors and Managers meeting held this week in Del Mar, California. Aspects of the agreement include a unified management hierarchy and board of directors. Effective immediately, marketing initiatives will be centralized at company headquarters with regional sales and management teams on both the East and West coasts responsible for specific industries and territories.
Manufacturing will be split between both companies' existing facilities for the immediate future, with plans for expanded capacity already underway.
Company President, David Saltman commented, "Today marks the true beginning of the Company's unified launch of its renewable energy initiative. These acquisitions bring us intellectual property, manufacturing capacity, and existing sales commitments already equivalent to over half our 2006 projected sales figures. More importantly, they bring a level of management expertise unrivaled in the industry."
Highlighted Links
Barnabus Energy, Inc.
In a joint statement issued by both East and West Coast Operations Presidents, Ron Gangemi and Norman Dodd, it was stated that, "This was the first time we had the entire management team together in one place and it became quickly obvious that we had underestimated the synergies this strategic merger would bring. We own all our technology; an excellent expanded product line, realistic sales targets and complementary manufacturing capacity combined with mutually compatible R&D programs. It was very gratifying to identify that our combined product expertise positions us to uniquely offer those architects, builders and developers thinking of moving into the solar energy market a mix of products that will enhance their design capability, and can provide solutions for many new and previously impossible applications. We believe that this is a great advantage in which to launch our new organization."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a world-class Renewable Energy company. Barnabus is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund
Venture Communications Ltd.?Has Barnabus announced any business with them?
Oftentimes shareholders or warrant holders hire pr outfits to pump a venture they have a significant holding in so as to maximize their profit without the knowledge or consent of the company they're pumping.
I just received a 20 page pump for BBSE
20 10" x 12" glossy, large print, pages of pure unadulterated pump full of generic pictures stating huge profits. Here's the web address from the brochure...
http://energyforprofits.com/specialreport.html
The disclaimer states Venture communications Ltd paid $480,099.07 for the creation, printing, and dstribution of the pump brochure.
"Four Solar Energy Breakthroughs that could transform the world"
"Get in now before news about their (BBSE) products gets out and this little-known $2.00 dollar energy stocks exploded 10- to - 20 fold profits!"
"You could transform $10,000 into $80,000 or $140,000 or more in as little as 12-24 months"
"7 un-stoppable forces that will transform the world and launch this little known company into outer space with profits of 1,400% or more! - see page 9"
and on and on...
Harnessing the power of the sun
As electric rates rise, people turn to alternatives
By SARAH SHEMKKUS, Standard-Times correspondent
Garry Barney hasn't paid an electric bill since last March.
Before he installed an array of 18 solar panels on the roof of his Rochester home, Mr. Barney's electric bill averaged $100 a month. After going solar in December 2003, he watched his bill drop steadily until it finally disappeared entirely early last year.
"I was tired of paying my electric bills," Mr. Barney said, explaining why he turned to solar power. "They kept going up and up and up."
With residential electricity prices in Massachusetts 13 percent higher now than they were a year ago, Mr. Barney is not alone in seeking sustainable alternatives to conventional retail utilities. The global market for photovoltaics, the solar technology that powers Mr. Barney's house, has grown by an average of 35 percent each year since 2001, according to Noah Kaye, spokesman for the Solar Energy Industries Association.
In Massachusetts alone there are now close to 500 photovoltaic installations -- 29 in the South Shore area -- that power everything from fire stations and high schools to churches and low-income housing, according to data from the Massachusetts Technology Collaborative, a state agency for renewable energy development. More than 65 percent of these systems provide electricity to private residences.
"Interest increases whenever conventional prices increase," Mr. Kaye said, noting that there haven't been similar levels of interest in solar power since the oil embargoes of the 1970s. "Many people feel we are in an energy crisis again -- one that we may not be able to turn back from."
Local solar professionals also have noticed an uptick in business. Herbert Aikens, the owner of Lighthouse Electrical Contracting, a Pembroke-based solar installation company, said he noticed interest increasing about three years ago, and more recently, he added, it has only intensified.
"Over the last two years it has really started to pick up," Mr. Aikens said. "Oil cost probably has a lot to do with it."
Hurricanes Katrina and Rita also have contributed to the growing interest, said Nancy Hazard, executive director of Northeast Sustainable Energy Association, a renewable energy education and advocacy group. Not only did the storms leave surging oil and natural gas prices in their wake, she said, they also sparked public awareness about the importance of clean energy.
"People started understanding a little better the connection between energy use and climate change," Ms. Hazard said. "They were all of a sudden motivated to find a better way to meet their energy needs."
Many reports last summer theorized that global warming was a major contributor to the devastating hurricanes. Burning oil, coal,or natural gas for electricity releases gases that can contribute to this type of climate change.
Photovoltaic technology, in contrast, converts the sun's energy directly into electricity. Because there are no emissions, solar power is clean and non-polluting.
Another major factor encouraging this growth is the Energy Policy Act of 2005 that was signed into law in August. Provisions of the legislation provide tax incentives to consumers and businesses that install solar power systems in their homes and facilities.
Under the bill, which was pushed heavily by President Bush, homeowners who install photovoltaic systems are eligible for a tax credit equal to 30 percent of the cost of installation. The incentive applies to systems installed throughout 2006 and 2007, with the total allowable credit capped at $2,000 for the entire period.
"The energy bill was an historic step by the federal government to recognize the potential of solar energy to make a major contribution to the United States' energy supply," Mr. Kaye said.
Evidence indicates that the incentives are working. Since the bill became law, Mr. Aikens said he has noticed a slight increase in inquiries. The Massachusetts Technology Collaborative, which offers rebates for renewable energy projects, gave out $256,000 in grants in October -- more than triple the amount awarded in April.
Though the potential benefits of solar energy -- opportunities for savings, social responsibility, increased energy independence -- are compelling, there are also serious challenges.
One common concern in the Northeast is that the region might not experience enough sunlight to generate sufficient power. However, while New England, with its notoriously fickle weather, is not the ideal environment for the use of photovoltaics, solar energy can still be an attractive option.
Because the cost of retail electricity is significantly higher in the Northeast than in the southern states -- the average price in Massachusetts in 2005 was 40 percent higher than in Florida, according to the Energy Information Administration -- there is a greater incentive for New Englanders to investigate alternative options, experts said.
"We may have cold weather and we do have some cloud cover," Ms. Hazard said, "but also our energy prices tend to be higher, so the cost equation is quite positive."
Nor does the comparatively limited sunlight need to be an obstacle.
"The entire United States has, as a whole, very good solar resources," Mr. Kaye said.
During the sunnier summer months, Mr. Barney is able to power his entire house with his solar array. The extra electricity he generates is sent back into the public grid, for which he receives credit against future bills that he may incur during the sunlight-deprived winter months, a practice called net metering.
Mr. Barney said that he expects to pay "a little bit" for electricity in December, January, and February, but he anticipates being self-sufficient again by March.
Cost-effectiveness is, perhaps, the main question many consumers have about solar power.
Mr. Barney, one of the recipients of funds from the Massachusetts Technology Collaborative's Small Renewable Initiative, estimated that the money reduced the out-of-pocket cost of his system from $35,000 to $10,000 or even less.
The initiative offers rebates of up to $50,000 for residential and small commercial renewable energy installations. The goal of the program is to facilitate the addition of more than 400 new renewable energy projects statewide.
Mr. Barney is unsure, however, if the results of his installation ultimately will be worth the expense.
"The jury's still out on that," he said. "I originally estimated that in seven or eight years it would pay for itself. Without the grant money it probably wouldn't be worth it. The payback would be way too long."
Maintenance costs also can add to the total expense, Mr. Barney explained.
The price tag, however, continues to shrink, said Mr. Kaye, who estimated that the cost of solar power has dropped 95 percent since the 1970s and may be comparable to conventional retail electricity within 10 years.
"A typical (photovoltaic) system without incentives can be comparable (in cost) to buying a used car," Mr. Kaye said. "But it's also like buying a used car with all the gas you'll ever need in it."
In addition, federal and state initiatives can ease some of the financial burden.
"Tax incentives, the rebates and loan guarantees can reduce the cost substantially," Mr. Kaye said.
Massachusetts is, in fact, among the states with the best collection of renewable energy policies and incentives, according to rankings by the Union of Concerned Scientists. In addition to net metering provisions, the commonwealth has a renewable energy fund and comprehensive standards to encourage development of sustainable energy resources.
These provisions have earned the state a second-place ranking by the scientists' group for total standards and funding.
Indeed, policies that support renewable energy development can be a key factor in growth, despite other obstacles. Experts point to New Jersey, a northeastern state with weather patterns similar to those of Massachusetts. New Jersey's renewable energy policies, widely considered the nation's most progressive, have been given credit for the state's rapid clean power growth rate.
The progress has not been without controversy, however. Many have criticized the Energy Policy Act as offering too little support for renewable energy while continuing to provide inappropriate subsidies to fossil fuel industries.
"We felt like (the bill) was basically just a collection of subsidies and tax breaks to oil companies that are already experiencing record profits," said Tiernan Sittenfeld, legislative director for the League of Conservation Voters, a national environmental advocacy group based in Washington. "It would do nothing to reduce our dependence on foreign oil."
The $14.5 billion energy bill included $1.3 billion in tax incentives for energy conservation and efficiency. However, no more than $55 million of that total is designated for solar projects. In contrast, fossil fuel provisions received $5.6 billion, according to the Union of Concerned Scientists.
"It is largely a compilation of wish lists for energy industries," said Dave Hamilton, spokesman for the Sierra Club. Despite including some incentives for renewable energy, he said, "it was nothing that changed the playing field."
For Ms. Hazard, the issue of renewable energy comes down to a matter of determining and implementing national priorities.
"We want (our energy) to be secure, we want it to be affordable, we want it to advance our quality of life," Ms. Hazard said. "I think we really need to step back, take a longer view, look at what we want as a society and make investments in energy that will deliver those qualities."
This story appeared on Page B1 of The Standard-Times on January 22, 2006.
http://www.southcoasttoday.com/daily/01-06/01-22-06/b01pe631.htm
seems like BBSE should be on this green stock list under solar
http://www.sustainablebusiness.com/stocks/index.cfm
BBSE..grabbed some on the last two dips and from what I can tell on the products this one looks good down the road...
Should do well...
HERE'S THE MONSTER PART:
By TERENCE CHEA, Associated Press Writer
22 minutes ago
SAN FRANCISCO - Hoping to make California a world leader in solar power, state energy regulators Thursday approved some $3 billion in customer rebates over the next decade to encourage people to install solar panels on their roofs.
The goal of the project is to get Californians to install equipment capable of producing 3,000 megawatts of solar electricity on 1 million homes, businesses and public buildings over the next 10 years.
The state Public Utility Commission voted 3-1 to provide $2.9 billion in rebates for solar panels between 2007 and 2016. Last month, the five-member PUC approved $300 million in rebates for 2006.
Solar advocates said the $3.2 billion program would make solar energy more affordable, create jobs, reduce air pollution and cut emissions of heat-trapping gases blamed for global warming.
The project incorporates many of the same provisions in a plan advanced by Gov. Arnold Schwarzenegger. That plan had bipartisan support but died in the Legislature last year because of disputes over its labor provisions.
MONSTER NEWS!!!!
SOLANA BEACH, CA -- (MARKET WIRE) -- 01/12/06 -- Barnabus Energy, Inc. (OTC BB: BBSE)
announced today that its subsidiary, Solar Roofing Systems has secured a
$2.5 million order from Stellar Energy Solutions.
Howard Gomes, Vice President of sales for Solar Roofing Systems, indicated
that the sale of over 1000 SolarSave(TM) SP-480 modules represented a
combined total of 500,000 watts of generated electrical power. Gomes
stated, "This order reflects the incredible reception we are experiencing
from the marketplace for our building-integrated photovoltaic roofing
product (BIPV). Our light-weight, waterproof, high efficiency solutions are
a winner in the making."
The customer, Stellar Energy Solutions, is a California-based renewable
energy solutions provider, with a number of commercial and residential
projects. Art Athas, VP of business development at Stellar Energy
explained, "Our company identifies the best solar products in the market,
then presents these technologies to architects, builders and other
clients. The positive response we have received to the SolarSave(TM)
roofing material for low-slope applications has been remarkable. Based on
this reception, we were confident in placing this $2.5 million order."
Initial projects for the SolarSave(TM) products will include a 36-home
development project and several commercial buildings, with additional
projects planned for the near future. David Saltman, CEO of Barnabus
Energy, stated that, "This order represents the tip of the iceberg when it
comes to the true marketplace potential of our products. As a result, we
expect 2006 to be a very busy year for all of us as we continue to
transform Barnabus, Solar Roofing Systems and Connect Energy into a
Renewable Energy powerhouse."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a
world-class Renewable Energy (RE) company. Barnabus is acquiring
commercially viable assets within the Renewable Energy sector encompassing
diverse aspects of the industry. Management currently identifies companies
that offer significant technology advantages and market opportunities, then
moves towards the acquisition of those organizations with the ultimate goal
of increasing shareholder value. The company's model is a focused approach
to the exploitation of targeted, low-risk development opportunities.
Distribution in BBSE is on going pushing the pps down
from the 12/13/05 8K
http://www.pinksheets.com/quote/filings.jsp?symbol=bbse
(a) Subject to the terms and conditions of this Agreement and on the basis of the representations and warranties set forth herein, the Company agrees to sell to the Investor and the Investor agrees to purchase from the Company at the Initial Closing 897,312 Shares for a purchase price of CDN$ 0.835829741 per share, (or .75US) for an aggregate price of CDN$750,000 (the “ Initial Purchase Price ”). In connection with the Investor’s purchase of Shares, the Investor will receive a Warrant at the Initial Closing to purchase the number of additional common shares in the capital of the Company set forth in such Warrant attached hereto as Exhibit A .
Date
Purchase Price
Number of Shares
November 21, 2005
CDN$750,000
897,312
January 23, 2006
CDN$500,000
598,208
March 23, 2006
CDN$200,000
239,283
So is this guy selling is 75 cent shares for 1.42 today? what a bargian for him - management is screwing EXISTING shareholders!
OT: checkout BSKO!
I just found this stock
why the sell off? It can't be tax loss selling.
sec filings:
http://www.pinksheets.com/quote/filings.jsp?symbol=BBSE
http://www.barnabusenergy.com/en/projects/connectenergy.asp
Like this company a lot!
Will watch like a hawk !
BBSE Barnabus Energy Signs MOU for Acquisition of Solar Roofing Systems Shares
Market Wire - December 19, 2005 9:08 AM (EDT)
SOLANA BEACH, CA -- (MARKET WIRE) -- Dec 19, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) announced today that it has signed a memorandum of understanding (MOU) to acquire all remaining shares of Solar Roofing Systems.
According to the MOU, Barnabus will pay 20% of the purchase price in cash, and the remaining 80% in restricted BBSE shares at $2.00 per share. Total valuation of the acquisition (some of which has already been paid) was set at $20.8 million, based upon projected 2006 sales, with provisions for adjustment upon 2006 financial performance.
David Saltman, CEO of Barnabus, was clearly pleased with the event: "When building a successful company it is essential to have the management team and operating divisions strategically focused on the same goals. We have reached agreements-in-principal on all major points for transactions together with SRS and Connect Energy. When we acquire both SRS and Connect Energy as wholly owned subsidiaries, Barnabus will achieve tremendous manufacturing, marketing and sales synergies. SRS and Connect Energy are already seeing the positive benefits of this teamwork, and we expect great things from both companies in the very near future."
Norm Dodd, CEO of SRS, and a Director of Barnabus, stated: "We feel very confident that the decision to join Barnabus is the right one. It provides value for our shareholders and strengthens an organization that is on a rapid path to becoming a significant force in the solar electric industry."
Saltman added, "California's recent announcements to reinstate the solar rooftop initiative will decidedly further our objectives. Our goals are to achieve profitability in 2006, and grow to over $200 million in sales within five years. If we successfully acquire this combined management team and a suite of solar PV products for both commercial and residential applications, I am confident we can be successful."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a Renewable Energy (RE) project portfolio. The Company is currently acquiring commercially viable projects within the Renewable Energy sector encompassing diverse aspects of the industry. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
Investor Relations Contact:
Brad Long
1-800-250-2610
BBSE Barnabus Energy Readies for New California Solar Initiative
Market Wire - December 15, 2005 9:08 AM (EDT)
SOLANA BEACH, CA -- (MARKET WIRE) -- Dec 15, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) is pleased to note that the California Public Utilities Commission has released the California Solar Initiative (CSI), the largest solar energy bill in US history, and second in the world only to current German incentive programs.
The CSI will effectively act as a replacement for the ill-fated Million Solar Roofs Initiative (SB1) originally proposed by Governor Schwarzenegger. It will establish an 11-year solar rebate program for new and retrofit installations of solar photovoltaic (PV) systems, worth $3.2 billion.
Because the CSI does not require State legislative approval, only the vote of the five PUC Commissioners, the likelihood of passage is extremely high. The long term rebate commitment to roof-top solar systems provides the stability that developers and home owners need to make PV purchasing decisions.
David Saltman, CEO of Barnabus Energy Corporation, stated, "This is an incredible windfall for our company. Both Connect Energy and Solar Roofing Systems will benefit greatly from CSI. It could easily double the demand for our products over the next several years. Major housing developers will now look at our integrated roofing systems as part of their project designs."
The rebate program provides performance-based incentives, rewarding projects on the basis of actual energy generation, a structure which favors Barnabus products, all of which incorporate high efficiency cells delivering more electrical power per square foot than our competitors. The initiative will also support concentrated solar systems, such as Suncone, by providing rebates of $2.80 per watt, which will make SunCone electricity cost-competitive with traditional gas fired power plants.
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a Renewable Energy (RE) project portfolio. The Company is currently acquiring commercially viable projects within the Renewable Energy sector encompassing diverse aspects of the industry. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at www.barnabusenergy.com
WHY didn't Jay London tell me about this stock at .32 instead of 2.32?
Because he wanted to make all the money for himself!
Barnabus Energy Ships Solar Project -- Company to Divest Alberta Holdings
Market Wire - December 8, 2005 9:08 AM (EDT)
SOLANA BEACH, CA -- (MARKET WIRE) -- Dec 08, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) announced today that its affiliate, Connect Energy Inc. has shipped its first 30kw roof tile solar photovoltaic system to a joint construction project undertaken by the University of California, Davis and Sierra Nevada College.
Valued at approximately 250,000 dollars, the project includes the installation of 900 CE photovoltaic roofing tiles with a combined output of over 31,500 watts of electricity. Connect Energy's BIPV (Building-Integrated PV) system provides the highest commercially available conversion efficiency rating at 20%.
The project comes as a result of a partnership between the University of California, Davis, and Sierra Nevada College to build the Tahoe environmental research and education facility. The structure will be built at the Sierra Nevada College campus in Incline Village, Nevada, and will house offices and laboratories of the UC Davis Tahoe Research Group and the Desert Research Institute; exhibits and educational programs in the Thomas J. Long Foundation Education Center; offices, laboratories and classrooms for Sierra Nevada College students; and conference space for 300 people.
The project is particularly well suited to the location's approximately 300 sunny days per year, and the college's environmental sciences program with its emphasis on "green" building methods alongside its program focus on air and water quality, the response of ecosystems to natural and human influences, global climate change and environmental sustainability.
In other news, Barnabus Energy has approved a term sheet authorizing the sale of its Manyberries natural gas holdings, which include several wells, pipelines, and a small sour gas refinery. The terms of the agreement include a non-refundable deposit of $350,000, which has been received by the Company.
"This sale reflects an appreciated asset which we are now liquidating in order to focus on our core strategic mission, that of becoming a leading force in the renewable energy industry," stated David Saltman, president of Barnabus. "These resources will be directed to Connect Energy, and to our Suncone project, which is nearing completion of the first single cone working prototype under development at Los Alamos, New Mexico, where we will shortly be demonstrating the capabilities of its solar concentrating technology."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a Renewable Energy (RE) project portfolio. The Company is currently acquiring commercially viable projects within the Renewable Energy sector encompassing diverse aspects of the industry. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman
President
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at www.barnabusenergy.com
BBSE BBSE: To Acquire 100% of Affiliates [delayed]
Knobias - December 6, 2005 9:24 AM (EDT)
Ridgeland, MS, DEC 06, 2005 (EventX/Knobias.com via COMTEX) -- Barnabus Energy, Inc. (BBSE) announced that the Board of Directors has authorized management to proceed with negotiations towards the purchase of 100% of both Solar Roofing Systems and Connect Renewable Energy, Inc., and to roll these into one company under the Barnabus banner. Company President David Saltman stated, "This event will provide tremendous manufacturing, marketing and sales synergies to our company, as well as a depth of management and technical expertise that will rival any of our competitors." A term sheet with Connect has already been signed, and the SRS shareholders have agreed to proceed with the acquisition.
Barnabus Energy Signs Asian Distribution Agreement for Portable Energy System
Market Wire - November 28, 2005 9:00 AM (EDT)
SOLANA BEACH, CA, Nov 28, 2005 (MARKET WIRE via COMTEX) -- Barnabus Energy, Inc. (OTC BB: BBSE) announced today that it has entered into a distribution agreement with Chinese Consulting Limited (CCL) of Hong Kong. The agreement affords CCL exclusive rights to distribute the SunPak 3P portable solar energy system throughout Asia.
Under the terms of the agreement an initial $250,000 distribution fee against future sales will be paid by CCL to the Company. Barnabus Energy's affiliate, Solar Energy Systems (SRS) will manufacture SunPak 3P products and ship them into the country for use in a wide range of applications wherever electrical grid connections are not available. The product is designed for use with military personnel, police, emergency workers, and all outdoor enthusiasts. SunPak 3P meets the demands of a wide range of environments from battlefield conditions, marine, agricultural and general recreation applications as the system provides more portable power versus any comparable device on the market today.
Chinese Consulting Limited is a company with its own research and development capabilities which may prove beneficial should the product require any adaptations to suit local needs, as well as an experienced and knowledgeable sales force, established distribution capabilities, and numerous links to a wide variety of government agencies, supply-side organizations, import/export groups, and manufacturing firms throughout the region. With the heightened need for energy solutions throughout Asia, SunPak 3P and other photovoltaic products from Barnabus affiliates Solar Roofing Systems and Connect Energy are poised to fulfill a significant portion of the growing electrical demands of the region.
Mr. Justin Kwei, President of Chinese Consulting stated, "Given the explosive growth in the Asian marketplace, and the need for ready access to power in our vast remote locations, we anticipate immediate interest in the Sun Pak 3P. We feel that the process from contract to delivery of first orders can be measured in months, soon after initial agreements are in place."
Barnabus President, Mr. David Saltman stated, "This agreement with CCL paves the way for our entry into the Asian marketplace, and the commensurate opportunities the region offers. CCL has shown that they not only have access to key organizations, but to the individuals that we need to deal with directly in order to fully exploit Sunpak 3P in the region. Furthermore, China has made a multi-billion dollar commitment to developing rooftop photovoltaics and other renewable solutions to meet their explosive energy demands, and we look forward to being their partner in helping them meet this objective."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a diversified energy project portfolio. The Company is currently acquiring commercially viable projects in both conventional and renewable energy sectors. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at www.barnabusenergy.com
Barnabus Energy Inks Agreement With Connect Renewable Energy, Inc.
Market Wire - November 14, 2005 9:00 AM (EDT)
SOLANA BEACH, CA, Nov 14, 2005 (MARKET WIRE via COMTEX) -- Barnabus Energy, Inc. (OTC BB: BBSE) today announced it has signed a term sheet with Connect Renewable Energy, Inc. (CRE) to purchase a majority share in the California-based solar photovoltaic company, a move that could double the Company's revenues and profits in 2006.
"This is great news for both our companies," stated David Saltman, Barnabus CEO. "It gives Connect the capital they need to launch their building-integrated solar products, and expands our market position in this rapidly growing sector of the renewable energy industry."
CRE has developed a unique, patent-pending system that integrates arrays of PV cells into roofing tiles. This fire-rated, UL-approved product blends seamlessly with the colors and profiles of most standard roofing tiles used today. Unlike competitive products, CRE tiles do not require external framing on the building. They are lightweight, easy to install, and carry a twenty-year warranty.
Connect founder and President Ron Gangemi said, "Barnabus represents a strategic investor in our business. Our product fits perfectly into a product mix with their other affiliated company, Solar Roofing Systems (SRS). SRS's SolarSave(TM) products are primarily designed for commercial and industrial flat roof applications, while our tiles are ideal for the residential housing market."
Saltman emphasized that this acquisition has further benefits: "In addition to having the potential to more than double our revenue projections for 2006 and 2007, it gives us East and West Coast manufacturing and marketing capabilities. It also provides more purchasing leverage with our photovoltaic cell suppliers. The two management teams are already collaborating on leads and projects. We are very pleased with the partnership and know it will lead to great outcomes."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a diversified energy project portfolio. The Company is currently acquiring commercially viable projects in both conventional and renewable energy sectors. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at www.barnabusenergy.com
SOURCE: Barnabus Energy, Inc.
http://www.barnabusenergy.com
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