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FDEI..i know my friend....all r POSs...thx, for the concern....was in @ 13 and left @ 18....GLTU and ALL...but today was not an impressive, day, ZO!!!!!but PINKIES r coming back with vengenance..past 2 weeks were the best of the year, imho....
Don't lestin to me go to OTC website and see it for yourself. FDEI is POS and nothing more
it kept its GAIN...this is bIG 4 POS pinky...i checked the historical VOL & there is no dilution, at least, for the past 12 months...average VOL is like 2 million...please see below...y r ppl saying dilution..am i missing something, here or ppl want to get cheapies or what..fact based explanation is apperciated...planning to LOAD big time or RUN, LOL!!!!
12/20/2010 0.01 0.01 0.0083 0.0088 4572687 0.0088
12/21/2010 0.0083 0.0088 0.006 0.0072 14918428 0.0072
12/22/2010 0.0078 0.008 0.0065 0.008 2206568 0.008
12/23/2010 0.008 0.009 0.0075 0.008 906978 0.008
12/24/2010 0 0.009 0.0075 0 0 0
12/27/2010 0.0082 0.0087 0.0077 0.008 823098 0.008
12/28/2010 0.008 0.0084 0.008 0.0084 1146852 0.0084
12/29/2010 0.0084 0.0087 0.008 0.0086 1552584 0.0086
12/30/2010 0.0092 0.0092 0.0073 0.008 6762053 0.008
12/31/2010 0.0076 0.0082 0.0076 0.008 402625 0.008
1/3/2011 0.0085 0.0085 0.0068 0.0083 636646 0.0083
1/4/2011 0.009 0.0095 0.0085 0.009 611500 0.009
1/5/2011 0.009 0.01 0.009 0.01 1189850 0.01
1/6/2011 0.01 0.012 0.01 0.012 1305900 0.012
1/7/2011 0.012 0.012 0.0103 0.0111 476999 0.0111
1/10/2011 0.0111 0.0111 0.0086 0.0088 244101 0.0088
1/11/2011 0.0088 0.0098 0.0088 0.009 268475 0.009
1/12/2011 0.009 0.009 0.0087 0.0089 802900 0.0089
1/13/2011 0.0089 0.0089 0.0087 0.0089 264190 0.0089
1/14/2011 0.0089 0.0095 0.0088 0.0089 550500 0.0089
1/17/2011 0 0.0095 0.0088 0 0 0
1/18/2011 0.0089 0.0091 0.0088 0.0088 468393 0.0088
1/19/2011 0.009 0.0092 0.0088 0.0088 456686 0.0088
1/20/2011 0.0088 0.009 0.0086 0.0086 435527 0.0086
1/21/2011 0.0087 0.0087 0.008 0.0082 1341495 0.0082
1/24/2011 0.0082 0.0082 0.008 0.008 449492 0.008
1/25/2011 0.008 0.0095 0.008 0.008 675833 0.008
1/26/2011 0.008 0.009 0.008 0.008 613843 0.008
1/27/2011 0.008 0.0082 0.008 0.0082 745016 0.0082
1/28/2011 0.0083 0.0085 0.0083 0.0084 215700 0.0084
1/31/2011 0.0084 0.0084 0.0084 0.0084 35000 0.0084
2/1/2011 0.0084 0.0084 0.0073 0.008 620225 0.008
2/2/2011 0.008 0.0089 0.0075 0.0089 304750 0.0089
2/3/2011 0.0085 0.009 0.008 0.008 1076152 0.008
2/4/2011 0.008 0.008 0.0075 0.0075 184832 0.0075
2/7/2011 0.0076 0.0078 0.0075 0.0075 1178540 0.0075
2/8/2011 0.0075 0.0075 0.0073 0.0075 509300 0.0075
2/9/2011 0.0079 0.0079 0.0071 0.0075 836900 0.0075
2/10/2011 0.0076 0.0076 0.0072 0.0075 1263322 0.0075
2/11/2011 0.0075 0.0075 0.007 0.007 2282419 0.007
2/14/2011 0.0071 0.0071 0.0065 0.007 945533 0.007
2/15/2011 0.0062 0.007 0.0062 0.007 2579380 0.007
2/16/2011 0.0065 0.0067 0.0065 0.0067 1606333 0.0067
2/17/2011 0.0065 0.0065 0.0062 0.0062 2302810 0.0062
2/18/2011 0.0061 0.0062 0.006 0.0062 1252083 0.0062
2/21/2011 0 0.0062 0.006 0 0 0
2/22/2011 0.0062 0.0062 0.0055 0.006 1491166 0.006
2/23/2011 0.006 0.0062 0.006 0.006 846164 0.006
2/24/2011 0.006 0.007 0.006 0.0065 320270 0.0065
2/25/2011 0.006 0.0064 0.004 0.0052 2063911 0.0052
2/28/2011 0.005 0.0055 0.005 0.0052 1579082 0.0052
3/1/2011 0.005 0.0051 0.0045 0.0046 1503544 0.0046
3/2/2011 0.0046 0.005 0.0021 0.0038 6344378 0.0038
3/3/2011 0.0039 0.0039 0.0025 0.0036 2603085 0.0036
3/4/2011 0.0036 0.0037 0.0033 0.0037 774500 0.0037
3/7/2011 0.0038 0.005 0.0032 0.0035 524110 0.0035
3/8/2011 0.0035 0.0038 0.0032 0.0038 386900 0.0038
3/9/2011 0.0038 0.0038 0.0033 0.0036 1061066 0.0036
3/10/2011 0.0036 0.0036 0.0033 0.0035 693585 0.0035
3/11/2011 0.0035 0.0036 0.0033 0.0036 1055236 0.0036
3/14/2011 0.0036 0.0039 0.0036 0.0036 538500 0.0036
3/15/2011 0.0036 0.004 0.0036 0.004 346000 0.004
3/16/2011 0.0042 0.0042 0.0038 0.0039 199140 0.0039
3/17/2011 0.004 0.0042 0.0039 0.004 349630 0.004
3/18/2011 0.004 0.0042 0.004 0.004 158780 0.004
3/21/2011 0.004 0.0065 0.004 0.006 2579773 0.006
3/22/2011 0.006 0.006 0.005 0.0055 482900 0.0055
3/23/2011 0.005 0.005 0.005 0.005 63200 0.005
3/24/2011 0.006 0.006 0.004 0.006 71600 0.006
3/25/2011 0.006 0.006 0.006 0.006 10000 0.006
3/28/2011 0.0059 0.0059 0.0041 0.0045 91580 0.0045
3/29/2011 0.0043 0.0055 0.0043 0.0044 173000 0.0044
3/30/2011 0.0049 0.0049 0.0041 0.0044 235700 0.0044
3/31/2011 0.0055 0.0055 0.0041 0.0041 908404 0.0041
4/1/2011 0.0045 0.005 0.0043 0.005 175200 0.005
4/4/2011 0.005 0.005 0.005 0.005 74300 0.005
4/5/2011 0.005 0.005 0.0045 0.0045 29267 0.0045
4/6/2011 0.0045 0.0045 0.0043 0.0045 185000 0.0045
4/7/2011 0.0041 0.0045 0.0041 0.0042 263000 0.0042
4/8/2011 0.0045 0.0055 0.0042 0.0055 1509115 0.0055
4/11/2011 0.005 0.005 0.0042 0.005 427760 0.005
4/12/2011 0.0042 0.005 0.0042 0.0042 25242 0.0042
4/13/2011 0.0042 0.005 0.0042 0.0042 131000 0.0042
4/14/2011 0.004 0.0042 0.004 0.0042 149622 0.0042
4/15/2011 0.0042 0.0043 0.0042 0.0043 10664 0.0043
4/18/2011 0.0043 0.0044 0.0043 0.0043 108000 0.0043
4/19/2011 0.0043 0.0043 0.0043 0.0043 15400 0.0043
4/20/2011 0.0043 0.0043 0.0042 0.0042 31000 0.0042
4/21/2011 0.0042 0.0042 0.0042 0.0042 246710 0.0042
4/22/2011 0 0.0042 0.0042 0 0 0
4/25/2011 0.0042 0.0042 0.0042 0.0042 193966 0.0042
4/26/2011 0.0042 0.0044 0.0042 0.0044 107400 0.0044
4/27/2011 0.0043 0.0044 0.0042 0.0042 381370 0.0042
4/28/2011 0.0042 0.0043 0.0042 0.0043 45132 0.0043
4/29/2011 0.0043 0.0043 0.0035 0.0035 458396 0.0035
5/2/2011 0.004 0.0043 0.0031 0.0034 61800 0.0034
5/3/2011 0.0042 0.0042 0.0042 0.0042 220440 0.0042
5/4/2011 0.0034 0.0041 0.0034 0.0041 60830 0.0041
5/5/2011 0.0034 0.0034 0.0034 0.0034 1864 0.0034
5/6/2011 0.0036 0.0036 0.0035 0.0035 35000 0.0035
5/9/2011 0.0035 0.0035 0.0035 0.0035 121607 0.0035
5/10/2011 0.0035 0.004 0.0035 0.0039 209376 0.0039
5/11/2011 0.0026 0.0039 0.0026 0.0031 133100 0.0031
5/12/2011 0.0039 0.004 0.0036 0.0036 223575 0.0036
5/13/2011 0.0035 0.0035 0.0035 0.0035 10000 0.0035
5/16/2011 0.0038 0.004 0.0031 0.004 143320 0.004
5/17/2011 0.003 0.003 0.003 0.003 7000 0.003
5/18/2011 0.004 0.004 0.003 0.003 54000 0.003
5/19/2011 0.003 0.003 0.003 0.003 153200 0.003
5/20/2011 0.003 0.003 0.003 0.003 4980 0.003
5/23/2011 0.003 0.004 0.003 0.004 103600 0.004
5/24/2011 0.003 0.003 0.003 0.003 15600 0.003
5/25/2011 0.003 0.003 0.003 0.003 1689 0.003
5/26/2011 0.003 0.003 0.003 0.003 2222600 0.003
5/27/2011 0.0035 0.0035 0.003 0.003 265000 0.003
5/30/2011 0 0.0035 0.003 0 0 0
5/31/2011 0.003 0.003 0.003 0.003 50000 0.003
6/1/2011 0.003 0.0035 0.0029 0.0029 663430 0.0029
6/2/2011 0.003 0.003 0.003 0.003 100000 0.003
6/3/2011 0.0031 0.0035 0.003 0.003 22821 0.003
6/6/2011 0.003 0.003 0.0026 0.003 212390 0.003
6/7/2011 0.0026 0.0027 0.0026 0.0027 33425 0.0027
6/8/2011 0.0028 0.003 0.0026 0.0026 258900 0.0026
6/9/2011 0.0026 0.0027 0.0026 0.0027 436910 0.0027
6/10/2011 0.0026 0.0026 0.0026 0.0026 34980 0.0026
6/13/2011 0.0026 0.0027 0.0026 0.0026 213791 0.0026
6/14/2011 0.0026 0.0026 0.0026 0.0026 109800 0.0026
6/15/2011 0.0026 0.0026 0.0026 0.0026 2000 0.0026
6/16/2011 0.0026 0.0026 0.0026 0.0026 27900 0.0026
6/17/2011 0.0026 0.0026 0.0026 0.0026 47000 0.0026
6/20/2011 0.0026 0.0026 0.0026 0.0026 241500 0.0026
6/21/2011 0.0026 0.0026 0.0026 0.0026 1660 0.0026
6/22/2011 0.0026 0.0026 0.0026 0.0026 135404 0.0026
6/23/2011 0.0026 0.0026 0.0026 0.0026 64100 0.0026
6/24/2011 0.0026 0.0026 0.0026 0.0026 10000 0.0026
6/27/2011 0.0025 0.0025 0.0025 0.0025 75830 0.0025
6/28/2011 0.0025 0.0026 0.0025 0.0026 135779 0.0026
6/29/2011 0.0025 0.0025 0.0021 0.0024 131100 0.0024
6/30/2011 0.0024 0.0024 0.0024 0.0024 25000 0.0024
7/1/2011 0.0021 0.0026 0.0021 0.0026 58100 0.0026
7/4/2011 0 0.0026 0.0021 0 0 0
7/5/2011 0.0021 0.0022 0.0021 0.0022 835900 0.0022
7/6/2011 0.0022 0.0022 0.0022 0.0022 10000 0.0022
7/7/2011 0.0021 0.0026 0.002 0.0026 1192900 0.0026
7/8/2011 0.0026 0.0028 0.0026 0.0026 156300 0.0026
7/11/2011 0.002 0.002 0.002 0.002 500 0.002
7/12/2011 0.002 0.002 0.002 0.002 0 0.002
7/13/2011 0.002 0.002 0.002 0.002 433 0.002
7/14/2011 0.002 0.002 0.002 0.002 150000 0.002
7/15/2011 0.002 0.002 0.002 0.002 8500 0.002
7/18/2011 0.002 0.002 0.002 0.002 52000 0.002
7/19/2011 0.002 0.002 0.002 0.002 7260 0.002
7/20/2011 0.002 0.002 0.002 0.002 1000 0.002
7/21/2011 0.0025 0.0025 0.0025 0.0025 180000 0.0025
7/22/2011 0.0027 0.0027 0.0025 0.0025 490000 0.0025
7/25/2011 0.002 0.002 0.002 0.002 101030 0.002
7/26/2011 0.002 0.002 0.002 0.002 3660 0.002
7/27/2011 0.002 0.002 0.002 0.002 0 0.002
7/28/2011 0.0025 0.0025 0.0023 0.0025 189810 0.0025
7/29/2011 0.0025 0.0027 0.002 0.002 905800 0.002
8/1/2011 0.0021 0.0025 0.0021 0.0025 13200 0.0025
8/2/2011 0.0025 0.0025 0.002 0.002 104980 0.002
8/3/2011 0.002 0.002 0.002 0.002 21844 0.002
8/4/2011 0.002 0.002 0.002 0.002 247220 0.002
8/5/2011 0.002 0.0021 0.002 0.002 1570935 0.002
8/8/2011 0.002 0.002 0.002 0.002 319665 0.002
8/9/2011 0.002 0.002 0.002 0.002 22030 0.002
8/10/2011 0.002 0.002 0.002 0.002 7500 0.002
8/11/2011 0.002 0.0025 0.002 0.0025 140500 0.0025
8/12/2011 0.0024 0.0024 0.001 0.002 2304816 0.002
8/15/2011 0.002 0.002 0.002 0.002 45000 0.002
8/16/2011 0.002 0.002 0.002 0.002 1216 0.002
8/17/2011 0.0024 0.0024 0.002 0.0024 76223 0.0024
8/18/2011 0.0024 0.0024 0.0024 0.0024 165000 0.0024
8/19/2011 0.0017 0.0017 0.0017 0.0017 2500 0.0017
8/22/2011 0.0017 0.0017 0.0017 0.0017 1000 0.0017
8/23/2011 0.0017 0.0017 0.0017 0.0017 0 0.0017
8/24/2011 0.0017 0.0017 0.0017 0.0017 10000 0.0017
8/25/2011 0.0017 0.0017 0.0013 0.0013 130000 0.0013
8/26/2011 0.0015 0.0016 0.0015 0.0016 7000 0.0016
8/29/2011 0.0016 0.0016 0.0016 0.0016 1000 0.0016
8/30/2011 0.0016 0.0016 0.0016 0.0016 2200 0.0016
8/31/2011 0.0016 0.0016 0.0016 0.0016 1000 0.0016
9/1/2011 0.0016 0.0016 0.0016 0.0016 0 0.0016
9/2/2011 0.0016 0.0016 0.0015 0.0015 95920 0.0015
9/5/2011 0 0.0016 0.0015 0 0 0
9/6/2011 0.0015 0.0015 0.0015 0.0015 3684 0.0015
9/7/2011 0.0015 0.0015 0.0015 0.0015 0 0.0015
9/8/2011 0.0015 0.0016 0.0015 0.0016 109388 0.0016
9/9/2011 0.0015 0.0016 0.0015 0.0016 592668 0.0016
9/12/2011 0.0015 0.0015 0.0015 0.0015 5000 0.0015
9/13/2011 0.0013 0.0015 0.0013 0.0015 67000 0.0015
9/14/2011 0.0013 0.0015 0.0013 0.0015 165850 0.0015
9/15/2011 0.0015 0.0015 0.0015 0.0015 0 0.0015
9/16/2011 0.0015 0.0015 0.0015 0.0015 0 0.0015
9/19/2011 0.0013 0.0013 0.0013 0.0013 870 0.0013
9/20/2011 0.0015 0.0015 0.0015 0.0015 901000 0.0015
9/21/2011 0.0013 0.0013 0.0013 0.0013 111531 0.0013
9/22/2011 0.0013 0.0013 0.0013 0.0013 100000 0.0013
9/23/2011 0.0013 0.0013 0.0013 0.0013 133500 0.0013
9/26/2011 0.0013 0.0013 0.0013 0.0013 40000 0.0013
9/27/2011 0.0013 0.0013 0.0013 0.0013 81030 0.0013
9/28/2011 0.0013 0.0013 0.0013 0.0013 1000 0.0013
9/29/2011 0.0013 0.0013 0.0013 0.0013 94970 0.0013
9/30/2011 0.0013 0.0013 0.0011 0.0011 50500 0.0011
10/3/2011 0.0014 0.0014 0.0011 0.0011 38254 0.0011
10/4/2011 0.0011 0.0011 0.0011 0.0011 300 0.0011
10/5/2011 0.0011 0.0011 0.0011 0.0011 162515 0.0011
10/6/2011 0.0011 0.0011 0.0011 0.0011 1000 0.0011
10/7/2011 0.0011 0.0012 0.0011 0.0012 93700 0.0012
10/10/2011 0.0013 0.0013 0.0013 0.0013 130000 0.0013
10/11/2011 0.0013 0.0013 0.0011 0.0011 246000 0.0011
10/12/2011 0.0011 0.0011 0.0011 0.0011 1000 0.0011
10/13/2011 0.0011 0.0011 0.0011 0.0011 20000 0.0011
10/14/2011 0.0011 0.0011 0.0011 0.0011 14967 0.0011
10/17/2011 0.0011 0.0011 0.0011 0.0011 0 0.0011
10/18/2011 0.0011 0.0011 0.0011 0.0011 3900 0.0011
10/19/2011 0.0011 0.0014 0.0011 0.0014 93432 0.0014
10/20/2011 0.0014 0.0014 0.0014 0.0014 0 0.0014
10/21/2011 0.0011 0.0011 0.0011 0.0011 32500 0.0011
10/24/2011 0.0011 0.0011 0.0011 0.0011 0 0.0011
10/25/2011 0.0011 0.0011 0.0011 0.0011 10000 0.0011
10/26/2011 0.0013 0.0013 0.0011 0.0011 136000 0.0011
10/27/2011 0.0012 0.0012 0.0012 0.0012 467250 0.0012
10/28/2011 0.0012 0.0012 0.0012 0.0012 53000 0.0012
10/31/2011 0.0012 0.0012 0.0012 0.0012 166 0.0012
11/1/2011 0.0012 0.0012 0.0012 0.0012 0 0.0012
11/2/2011 0.0012 0.0012 0.0012 0.0012 1000 0.0012
11/3/2011 0.0012 0.0012 0.0012 0.0012 52000 0.0012
11/4/2011 0.0012 0.0012 0.0012 0.0012 0 0.0012
11/7/2011 0.0012 0.0013 0.0012 0.0013 7500 0.0013
11/8/2011 0.0013 0.0013 0.0013 0.0013 10809 0.0013
11/9/2011 0.0013 0.0013 0.0012 0.0012 4320 0.0012
11/10/2011 0.0012 0.0012 0.0012 0.0012 5600 0.0012
11/11/2011 0.0012 0.0012 0.0012 0.0012 326000 0.0012
11/14/2011 0.0012 0.0012 0.0012 0.0012 84319 0.0012
11/15/2011 0.0012 0.0013 0.0012 0.0013 271001 0.0013
11/16/2011 0.0012 0.0012 0.0011 0.0011 562700 0.0011
11/17/2011 0.0011 0.0011 0.001 0.001 1352002 0.001
11/18/2011 0.0006 0.0006 0.0006 0.0006 1000 0.0006
11/21/2011 0.0008 0.0008 0.0008 0.0008 223622 0.0008
11/22/2011 0.0008 0.0008 0.0008 0.0008 0 0.0008
11/23/2011 0.0008 0.0008 0.0008 0.0008 10000 0.0008
11/24/2011 0 0.0008 0.0008 0 0 0
11/25/2011 0.0008 0.0008 0.0008 0.0008 0 0.0008
11/28/2011 0.0008 0.0008 0.0006 0.0006 100432 0.0006
11/29/2011 0.0006 0.0006 0.0006 0.0006 7910 0.0006
11/30/2011 0.0006 0.0006 0.0006 0.0006 376655 0.0006
12/1/2011 0.0006 0.0006 0.0005 0.0005 32619 0.0005
12/2/2011 0.0005 0.0005 0.0005 0.0005 0 0.0005
12/5/2011 0.0005 0.0006 0.0005 0.0006 240446 0.0006
12/6/2011 0.0006 0.0006 0.0006 0.0006 1300 0.0006
12/7/2011 0.0006 0.0006 0.0006 0.0006 28150 0.0006
12/8/2011 0.0007 0.0007 0.0007 0.0007 44500 0.0007
12/9/2011 0.0005 0.0011 0.0003 0.0004 1939330 0.0004
12/12/2011 0.0004 0.0006 0.0004 0.0006 102998 0.0006
12/13/2011 0.0004 0.0006 0.0004 0.0005 452666 0.0005
12/14/2011 0.0005 0.0005 0.0005 0.0005 44531 0.0005
12/15/2011 0.0005 0.0057 0.0005 0.0039 9107385 0.0039
Is Kenneth Eade trying to bring this scam back to life?
Right....he has a $49,000 legal bill he has to pay...gotta come up with cash somehow...
BUYER BEWARE!!!!!
Fidelis Energy, Inc. Common Stock OTC Pink No Information OTC
Markets has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
Consequently, OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to OTC Markets Group's Guidelines for Providing Adequate Current Information (PDF) and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
FDEI is one of the more obvious scams out here
BEVERLY HILL 'VIRTUAL' ADDRESS TWO WEEKS AGO. (POST #763). THE VIRTUAL OFFICE WEBSITE SAYS THEY ALSO OFFER A LOS ANGELES ADDRESS "Your Source for Virtual Offices in Beverly Hills and Los Angeles". I'D BE WILLING TO BET THAT ITS THE SAME AS THE ONE YOU JUST POSTED.
http://www.abcvirtualoffices.com/
Thanks for the ~DD~
I dont think people care anymore...
they seem to buy anything, even after warned= shame really
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The PR is obviously full of lies. I exposed this scam a long time ago and I've already forwarded the press release to the regulators along with a copy of the 8K from yesterday.
Yesterday FDEI announced in an 8K that they were moving their company address back to Kenneth Eade's office:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69948321
FDEI is a scam company with a fake management team (all the bios are plagiarized), a history of fraudulent plagiarized press releases, and a super strong link to the SAEI scam.
FDEI was already called a fraud by the SEC.
TinSol Energy is a fake company and the past press releases about TinSol Energy from 2010 were all plagiarized from other company's press releases. Again just see this link for proof.
Some more old DD on FDEI:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58047890
I wonder if Eade is dumb enough to bring this company back to life to pay some of his recent bills from a lawsuit he recently lost:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69861769
Or if one of the people behind the Scam Ring involving SAEI is just setting Eade up to try to suck some money out of this scam ticker.
I've already alerted the regulators about the recent action on this stock. I suggest that people reading this forum proceed with caution.
The SEC Litigation Release, which will also provide a link to the complaint in its entirety, can be viewed at http://www.sec.gov/litigation/litreleases/2011/lr21841.htm
They couldn't even afford to make the payment for their annual report with the Nevada SOS that was due on November 30, 2010 then again on November 30, 2011.
The Nevada SOS REVOKED their business registration:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=i%252b6L90%252fQb%252bsqksgVM5T2Xw%253d%253d&nt7=0
It will cost them $1,200 for reinstatement
http://nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=i%252b6L90%252fQb%252bsqksgVM5T2Xw%253d%253d
Common Sense! tells anyone that they dont have a gazillion dollars of anything....they would easily be a Big Board Company trading for many ($)
http://ih.advfn.com/p.php?pid=news&symbol=FDEI
12/15/2011 Fidelis Announces TinSol Energy Has Taken Third Delivery of $34.6 Million PV Solar Modules
12/07/2010 Fidelis Announces TinSol Energy Has Taken Delivery of PV Solar Modules $475 million
12/02/2010 Fidelis Acquires $35,000,000 Solar Technology Assets USOTC:FDEI Fidelis Energy Inc.
11/22/2010 Fidelis Ships First PV Solar Modules Order Worth $52.5 Million USOTC:FDEI Fidelis Energy Inc.
11/15/2010 Fidelis Energy Signs Letter of Intent to Build up to a 100 Mega Watt Solar Park in Spain $315 Million
06/29/2010 Fidelis Signs Second 93MW Contract in South Africa for the Sale of Solar Modules Worth $210 Million USOTC:FDEI Fidelis Energy, Inc.
06/22/2010 Fidelis Signs Additional $210 Million Contract to Supply 93MW Capacity Solar Modules USOTC:FDEI Fidelis Energy Inc.
03/15/2010 Fidelis Signs 207MW Contract for Sale of Solar Modules Worth $475 Million USOTC:FDEI Fidelis Energy, Inc.
02/03/2010 Fidelis Energy Signs Final Contract for $18.4 Million Solar Commercial Projects in Greece USOTC:FDEI Fidelis Energy, Inc.
01/19/2010 Fidelis Energy Secures $30 Million Financing USOTC:FDEI Fidelis Energy, Inc.
Sorry didn't see the press release until after hours
Most of the information in my post was already posted on this forum months ago and was still on the front page for people to read
I saw the 8K filed yesterday and mentioned it on the DD Forum. I had this ticker on watch today to see what this group of fraudsters had planned.... unfortunately I wasn't online this afternoon.
I don't know what the stock is going to do, just telling people to be careful and not to believe the press release.
Somebody is playing a very dangerous and risky game by bringing this ticker back to life.
it will probably drop tomorrow. but u never know.
LMAO.. back to 0.0005?
Seems like people have already bought it in the hype. Me too.
But why did you post all these facts after the market close. All this info should be at the top of the board. Where are the Admins/mederators for this board??????????
I heard this stock was a scam!! is it true? if so, it is going to drop big time!
It will go higher tomorrow.
Dead cat bounce
haha um... no
everything about the past press releases were proven to be lies
the fact that they are stupid enough to try to recycle those fake companies and fake operations related to those fake companies is proof that today's press release is just more of the same
Maybe they cleaned up their act and really have $475 million worth of PV Solar modules to sell. :)
The PR is obviously full of lies. I exposed this scam a long time ago and I've already forwarded the press release to the regulators along with a copy of the 8K from yesterday.
Yesterday FDEI announced in an 8K that they were moving their company address back to Kenneth Eade's office:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69948321
FDEI is a scam company with a fake management team (all the bios are plagiarized), a history of fraudulent plagiarized press releases, and a super strong link to the SAEI scam.
FDEI was already called a fraud by the SEC.
TinSol Energy is a fake company and the past press releases about TinSol Energy from 2010 were all plagiarized from other company's press releases. Again just see this link for proof.
Some more old DD on FDEI:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58047890
I wonder if Eade is dumb enough to bring this company back to life to pay some of his recent bills from a lawsuit he recently lost:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69861769
Or if one of the people behind the Scam Ring involving SAEI is just setting Eade up to try to suck some money out of this scam ticker.
I've already alerted the regulators about the recent action on this stock. I suggest that people reading this forum proceed with caution.
Just Posting the PR details. Havent done extensive DD here yet
Yeah, $475m with a company ive never heard of....You?
Fidelis Announces TinSol Energy Has Taken Third Delivery of $34.6 Million PV Solar Modules Marketwire "Press Releases"
LOS ANGELES, CA -- (MARKET WIRE) -- 12/15/11 -- Fidelis Energy Inc. (PINKSHEETS: FDEI) today announced it has completed physical delivery of more than 18 megawatts (MW) of photovoltaic solar modules to its buyer, TinSol Energy (pty) Ltd. ("TSEL") in South Africa . This shipment is the third delivery bringing the total to 76 megawatts (MW) to date with a balance of 131 megawatts (MW) to complete TSEL's long-term solar module supply agreement for 207 megawatts (MW) of PV Solar modules worth $475 million . The Company expects payment of $34.6 Million from TSEL to be completed, in full by January 16, 2012 . The proceeds will be used for production costs, joint venture commitments and facilities expansion to shorten product delivery time for new supply contracts.
Over the past year, Fidelis management has spent significant time overseas procuring its solar sector business relationships and building the necessary foundation for future expansion. The Company has also been focused on the development of its production facilities and general operations abroad.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.fidelissolar.com.
About Fidelis Energy Inc. Fidelis Energy Inc. ("FDEI") is an energy company focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. Fidelis has designed and is developing solar photovoltaic (PV) cell technology products for manufacture and distribution worldwide. Fidelis owns a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is the efficiency of less exposed surface area being required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.
The Company is developing, manufacturing, and marketing innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors' processes that use vacuum chambers (instead of a ceramic sleeve) generally don't allow for material substitution because of contamination issues. We believe our technology will also allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. In general, our technology will offer a flexible, cost-effective solution for increased light trapping and will provide increased efficiency.
Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission .
$475 Million in Contracts. Market Cap just over $2 million!!!!
It's alive! News this afternoon. LOS ANGELES, CA--(Marketwire -12/15/11)- Fidelis Energy Inc. (Pinksheets: FDEI.PK - News) today announced it has completed physical delivery of more than 18 megawatts (MW) of photovoltaic solar modules to its buyer, TinSol Energy (pty) Ltd. ("TSEL") in South Africa. This shipment is the third delivery bringing the total to 76 megawatts (MW) to date with a balance of 131 megawatts (MW) to complete TSEL's long-term solar module supply agreement for 207 megawatts (MW) of PV Solar modules worth $475 million. The Company expects payment of $34.6 Million from TSEL to be completed, in full by January 16, 2012. The proceeds will be used for production costs, joint venture commitments and facilities expansion to shorten product delivery time for new supply contracts.
Over the past year, Fidelis management has spent significant time overseas procuring its solar sector business relationships and building the necessary foundation for future expansion. The Company has also been focused on the development of its production facilities and general operations abroad.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.fidelissolar.com.
About Fidelis Energy Inc.
Fidelis Energy Inc. ("FDEI") is an energy company focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. Fidelis has designed and is developing solar photovoltaic (PV) cell technology products for manufacture and distribution worldwide. Fidelis owns a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is the efficiency of less exposed surface area being required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.
The Company is developing, manufacturing, and marketing innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors' processes that use vacuum chambers (instead of a ceramic sleeve) generally don't allow for material substitution because of contamination issues. We believe our technology will also allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. In general, our technology will offer a flexible, cost-effective solution for increased light trapping and will provide increased efficiency.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:
Fidelis Energy Inc.
Investor Relations
(213) 457-3385
Email Contact
Finally some movement, but it is in the wrong direction. I think I hear crickets out here with my bag... LOL!
Still Watching But what happened to all the great news, then nothing for 6 months
Im suprised no one has any interest in fdei, it moved upward a little today =) Anyone?
Nice to see some movement, I think I am going to try to pick up a bunch more tomorrow. Anyone hear any news? I think something big may be brewing.
I doubt you will hear from the company. FDEI is part of at least one SEC investigation as mentioned here:
http://www.sec.gov/litigation/complaints/2011/comp21841.pdf
Quote from the complaint:
33. PrimeGen and Caliber are just two examples. WSCF has existed for approximately ten years and in that time is believed to have disseminated misinformation relating to hundreds of penny stocks. Other relatively recent penny-stock fraud programs in which WSCF has played a role include Fidelis Energy, Inc. (“Fidelis” or “FDEI”), a purported developer of solar-energy projects that WSCF promoted in the first half of 2010, and Supatcha Resources, Inc. (“Supatcha” or “SAEI”), a purported mineral-exploration company that WSCF promoted in April and May of 2010.
It has already been proven that the FDEI management team and virtually every facet of its business operations was a fraud.
As an investor I'd be cautious because there is no telling if any of these investigations could eventually lead to the suspension or worse yet the revocation of FDEI.
If we could hear some concrete news, this stock will move.
Something is up today, any ideas what it is?
Not unless you truly believe they banked that $52.5M that they never PR'd as being received.
JJ
Could it be time 2 buy?
FDEI CHART
Wall Street News Alert: Official Response to the Lawsuit Filed by the SEC
Fidelis Energy (USOTC:FDEI)
Intraday Stock Chart
Today : Tuesday 15 February 2011
Click Here for more Fidelis Energy Charts.
The following stocks related to this release are: PrimeGen Energy Corp. (PINKSHEETS: PGNE), Caliber Energy, Inc. (PINKSHEETS: CLBN), Fidelis Energy, Inc. (PINKSHEETS: FDEI) and Supatcha Resources, Inc. (PINKSHEETS: SAEI).
Recently the Securities and Exchange Commission filed a civil action in the United States District Court for the Southern District of Florida alleging that the stock-promotion company Wall Street Capital Funding LLC (WSCF), its owners and an associate disseminated fraudulent information concerning a series of sham energy companies.
WSCF denies all of the allegations by the SEC and maintains that it always operated above and beyond the requirements of the law throughout its existence -- approximately 10 years now. The claims in this lawsuit are unfounded and without merit and WSCF will aggressively defend against these erroneous claims. Together, the principals of WSCF have over 25 years in the securities industry and have always maintained the highest respect for the integrity of the financial markets and the SEC whose job is to protect the investing public from investment losses as a result of fraudulent scams.
Over the past 10 years, as a result of WSCF's participation in the SEC's investigations of other, unrelated companies, the SEC has had the opportunity to review WSCF's business model, the wording of its disclaimers and promotional materials. The SEC has never before expressed any concern or suggested any wrongdoing by WSCF.
Through these reviews, WSCF has been led to believe that it has been operating in a forthcoming, accurate and transparent way -- exactly what the company has strived to accomplish. WSCF is perplexed now that the SEC has filed a lawsuit with accusations of wrongdoing regarding the very language it tacitly approved and upon which WSCF relied over the years.
WSCF is a marketing firm hired to promote the business of its clients through news releases and promotional materials. WSCF merely aggregates and redistributes third-party news that has already been issued via the wire services or websites. In order to create its advertising material, WSCF performs limited industry research and basic research of the companies being advertised. The SEC appears to be claiming that WSCF had a duty to investigate and ultimately refuse to do business with certain companies that the SEC alleges are fraudulent. "WSCF cannot act as a watchdog over the companies being advertised, and it is unreasonable for the SEC to hold WSCF to such a standard," stated Philip Cardwell, the chief executive of Wall Street Capital.
In its complaint, among other things, the SEC mistakenly characterizes WSCF's role as an objective (unpaid) research analyst. As clearly stated in all its promotional materials, however, WSCF is actually a paid marketing firm. WSCF has never held itself out as a research analyst; to the contrary, WSCF has repeatedly stated in its materials that the information was a "paid release" and that it received compensation for its services, including the fact that the company's stock price may increase as a result of the release and the possible negative impact that WSCF's sale of stock could have on the price.
The SEC has spent countless dollars and time investigating whether a vendor of an alleged scam company violated the securities laws (which WSCF completely denies). Despite the SEC's allegations that the publicly traded companies mentioned in the complaint are scams, their shares continue to trade. Upon learning of the SEC's concerns, WSCF asked the SEC several months ago why it had not shut those companies down. WSCF received no response. WSCF, on the other hand, upon learning of the SEC's concerns, either stopped doing business altogether with the companies in question or performed additional and satisfactory due diligence before honoring its contractual obligations.
Shares of some of the companies that the SEC believes are scams have appreciated significantly. One stock in question recently skyrocketed over 9,000% and traded several million shares a day.
WSCF strongly believes that through this litigation it will be cleared of any wrongdoing and hopes to restore its good reputation that WSCF and its principals have worked so hard to build.
The SEC Litigation Release, which will also provide a link to the complaint in its entirety, can be viewed at http://www.sec.gov/litigation/litreleases/2011/lr21841.htm
Wall Street Capital Funding will be providing additional details in the near future.
For more information, please visit www.wallstreetnewsalert.com/sec
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release may or may not have approved the statements made in this release and may or may not have approved the timing of this release. All statements and expressions may or may not be the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information, information supplied by third parties or WSCF's own research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
Wall Street News Alert
Email Contact
http://www.wallstreetnewsalert.com
I don't think many people frequent this forum and FDEI's mention in that complaint was pretty obscure.
I'm pretty sure there will be bigger announcements in the future.
Nice find, interesting read.
Why did it not tank?
Fidelis Energy (FDEI) called a fraud in SEC against Wall Street Capital Funding LLC (“WSCF”), Philip Cardwell, Roy Campbell, and Aaron Hume
http://www.sec.gov/litigation/complaints/2011/comp21841.pdf
Quote from the complaint:
33. PrimeGen and Caliber are just two examples. WSCF has existed for approximately ten years and in that time is believed to have disseminated misinformation relating to hundreds of penny stocks. Other relatively recent penny-stock fraud programs in which WSCF has played a role include Fidelis Energy, Inc. (“Fidelis” or “FDEI”), a purported developer of solar-energy projects that WSCF promoted in the first half of 2010, and Supatcha Resources, Inc. (“Supatcha” or “SAEI”), a purported mineral-exploration company that WSCF promoted in April and May of 2010.
Showing incredible strength in relation to the reality of the phantomness.
lol that's all you had to say
if you don't think SAEI is a scam then we have nothing further to debate
shame on you for supporting such blatant fraud
good luck to you in your investments
How could that been when the company you are referring to is not a SCAM. Nothing going on over there except a lot of blabber for the past couple of weeks. Companys is still here and not going anywhere. We will know by Friday according to them. Now I dont really plan to debate you on the issue at all. Not gonna respond anymore.
Just wanted you to know that plagerism has become more accepted in school there days than you think and since its students that fill our corporations, what do you expect.
Much more cheaper (aI am just guessing) to use somebody's elses texts in part that order another whole complete study at a cost to the company and shareholders.
Seems to me that it is becoming an industry norm.
Bothers me too but its the ways it is. Deal with it.
Actually, plagerism says more about the educational system than it does about a company. Unfortunately, its what companies people do to cut corners and make happy the shareholders.
Not saying its rights.
I have a friend that attends A noted online University and plagerizism is fully accepted as long as its less than about 25 - 30% of the text. UGG!!! Its was not like that where and when I went to school but we will see.
My point is the same, I own this and all of my positions long. I am a Loyal Bull unlesss I loose too much money what can I say.
But I dont go around Pumping up and creating doubt from opinions and conjecture presented as facts in order to scare people out of there positions for my financial gain. Thats just ugly..
I don't buy or sell stocks.
I was pointing out that the same people that ran the SAEI scam are also running a scam here - not too difficult to understand.
Everything about this company is a lie - fake officers with fake bios, fake operations, plagiarized press releases.
And don't worry the regulators that are investigating SAEI are on it. If you buy this stock you are taking a great risk that you will lose everything when it gets shut down.
Hey nodummy, I am not saying you are wrong and I am not saying you are right but "what are you the palgerizing police or something" you hae been on that whole plagerizing thing for week on the SAEI board.
HAHAHA!!! Are you short here also??
Are you just a contrarian??
You should change you name to something like "crooked pinky CEO;s busters" or just "scam busters".Great job.
Proof that Fidelis Energy (FDEI) not only plagiarized it's Management Team's Bios, but also plagiarized it's Press Release
-------------------------------------------------------------------------------------------------------------
EXAMPLE #1
The About Fidelis Energy, Inc section on all their press releases:
About Fidelis Energy, Inc.
Fidelis Energy, Inc. ("FDEI") is an energy company focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. Fidelis is also in the development stage of designing solar photovoltaic (PV) cell technology products and plans to manufacture and distribute these products in the future.
Fidelis owns a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is the efficiency of less exposed surface area being required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.
We are developing, with plans to eventually manufacture and market, innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors' processes that use vacuum chambers (instead of a ceramic sleeve) generally don't allow for material substitution because of contamination issues. We believe our technology will also allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. In general, our technology will offer a flexible, cost-effective solution for increased light-trapping and will provide increased efficiency.
---------------------------------------
From other company's about me sections:
http://www.thefreelibrary.com/China+Nuvo+Solar+Energy+Announces+Initiation+of+Corporate+Profile...-a0186209641
About China Nuvo Solar
China Nuvo Solar Energy, Inc. (OTCBB: CNUV) is a development-stage company that is designing, with a view toward manufacturing, solar photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. (PV) cell technology products. The Company owns a unique patent-pending solar cell solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is that less exposed surface area is required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.
About me from CHINA NUVO SOLAR ENERGY, INC. 10K filed on 12-15-09
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6942553
We are working to develop, with plans to eventually manufacture and market in conjunction with strategic partners, innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our primary technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors’ processes that use vacuum chambers (instead of a ceramic sleeve) generally don’t allow for material substitution because of contamination issues. We believe our primary technology also will allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. We believe our technology will offer a flexible, cost-effective solution for increased light-trapping and therefore increased efficiency.
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EXAMPLE #2
Here is a Jan 11, 2010 Fidelis Press Release regarding their operations in India:
http://www.globenewswire.com/newsroom/news.html?d=181601
Fidelis Energy Announces $25 Million Solar Energy Facility in India
BEVERLY HILLS, Calif., Jan. 11, 2010 (GLOBE NEWSWIRE) -- Fidelis Energy Inc. (Pink Sheets:FDEI) ("Fidelis" or the "Company") today announced a $25 million agreement with Esar Solar Power Pvt. Ltd. (ESP), a Jaipur-based company, to develop and construct the first of several solar energy projects located in the Thar Desert near Jaisalmer, India. The region is destined to become the world's biggest solar power house as it basks in an average of 330 days of sunshine per year and receives up to 6.2KW per hour of solar energy per square meter everyday, which is the highest in the world.
Within the scope of this project, which firmly establishes Fidelis in the international arena of solar power developers, the Company will design and construct a multi-megawatt solar power system that will supply and support the community's energy grid system to meet a consistently increasing demand.
"India represents the first of many untapped solar power markets that Fidelis plans to enter in 2010 and 2011," said James Poole, CEO of Fidelis Energy Inc. "While international projects pose special challenges for solar energy producers, such as identifying proper high voltage lines and the ownership of the property prior to system installation," added Poole, "our unique ability and expertise to overcome such challenges makes Fidelis Energy the natural choice for clients with challenging power needs."
Recognizing the role that solar power will play in the global search for cleaner and more abundant energy sources, Fidelis Energy has built the infrastructure necessary to support this type of international expansion to facilitate the development of large-scale projects at an accelerated pace to support global power needs.
Fidelis Energy will provide the technology, engineering and construction services needed to create the PV Project. ESP has signed a 10-year power purchase and sale agreement with the state's government-owned power distribution company.
"We recognize that the continued use of fossil fuels negatively impacts both the economy and the environment," said Esar Solar Power Chairman Jagdish Singh. "As such, ESP is determined to meet a portion of India's energy requirements by developing several large solar photovoltaic projects (PV Projects), which will generate electricity from sunlight. Fidelis has shown that it has the ability and innovative construction techniques to execute this contract, and we look forward to this project beginning in May of 2010," added Singh. "It is the goal of both parties to complete the construction of the five megawatt (5MW) PV Project and start its operations before October of 2010."
In July 2009, India unveiled a $19 billion plan to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels. On November 18, 2009, it was reported that India was ready to launch its Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 MW of power by 2013.
---------------------------------------
Here is an April 8, 2008 Clear Skies press release regarding their operations in India:
http://www.redorbit.com/news/business/1331841/clear_skies_solar_signs_loa_for_20_million_solar_energy/index.html
Clear Skies Solar Signs LOA for $20 Million Solar Energy Deal in India
Posted on: Tuesday, 8 April 2008, 09:03 CDT
Clear Skies Solar, Inc. (OTCBB:CSKH) today announced a $20 million agreement, subject to financing, with Power Cube, a company located in Utter Pradesh, India to develop and construct the first of several solar energy projects in India.
In this project, which is Clear Skies Solar's first step into the international arena, the company will design and construct a multi-megawatt solar power system that will supply power to a steel mill and support the community's energy grid system, providing much-needed energy on this particular line.
"We recognize that the continued use of fossil fuels negatively impacts both the economy and the environment," said Power Cube Chairman Mohan Kejriwal. "As such, Power Cube is determined to meet a portion of India's energy requirements by developing several large solar photovoltaic projects (PV Projects) which will generate electricity from sunlight."
"India represents the first of many untapped markets that Clear Skies Solar plans to enter in 2008 and 2009," said Ezra Green, Chairman and CEO of Clear Skies Solar. "Recognizing the role that solar power will play in the global search for cleaner and more abundant energy sources, Clear Skies Solar has built the infrastructure necessary to support this type of international expansion and to develop large-scale projects at an accelerated pace in order to support global power needs."
"While international projects pose special challenges for solar energy providers, such as identifying proper high voltage lines and the ownership of the property for the system to be installed," added Green. "Our unique ability to overcome such challenges makes Clear Skies Solar the natural choice for clients with challenging power needs."
"Clear Skies Solar has shown that it has the ability and innovative construction techniques to execute this contract, and we look forward to this project beginning in October of 2008," added Kejriwal. "It is the goal of both parties to complete the construction of the five megawatt PV Project and for it to be operational before March of 2009."
Clear Skies Solar will provide the technology, engineering and construction services needed to create the PV Project and will also be prepared to provide the operation and maintenance services needed.
-------------------------------------------------------------------------------------------------------------
EXAMPLE #3
Jan 13, 2010 Fidelis Press Release regarding acquisition of a Spanish Solar Park:
http://www.marketwire.com/press-release/Fidelis-Energy-Closes-Acquisition-of-Spanish-Solar-Park-1184753.htm
Fidelis Energy Closes Acquisition of Spanish Solar Park
BEVERLY HILLS, CA--(Marketwire - January 13, 2010) - Fidelis Energy Inc. (PINKSHEETS: FDEI) ("Fidelis" or the "Company") today announced it has closed on the acquisition of a stake in a Solar Park in Spain. Previously detailed in its press release dated October 21, 2009, Fidelis entered into a binding Letter Of Intent ("LOI") with ASD Lusiona Solar ("ALS") to acquire an 8% stake in its wholly-owned subsidiary, ASDR Barranca Solar, which owns a 2MW producing photovoltaic solar facility located in Spain. Under the agreement, Fidelis also has an option to buy the remaining stake in ASDR.
Immediately following the acquisition, Fidelis completed a $2.5 million private placement (the "Private Placement"), with private alternative energy investment firm Global Solutions Ltd. funding $1.2 million of the total. The balance of the Private Placement was funded by management, associates of management and former Fidelis shareholders.
Mr. Poole, President and CEO of Fidelis, said: "As we continue to attract additional funding for these projects from our partners we will bid on new projects that make strong economic sense for our Company. The deployment of these large scale projects will accelerate our manufacturing process which will enhance our overall margins and drive our profitability. Management believes that the signing of the solar park acquisitions will assist us in working with additional municipalities and land owners to obtain additional contracts, increase our earnings and achieve our primary goal of improved shareholder value."
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July 29, 2009 Solar Energy press release regarding acquisition of a Solar Park in West Texas:
http://www.businesswire.com/news/home/20090729005345/en/Solar-Energy-Initiatives-Announces-Securing-Land-Build
Solar Energy Initiatives Announces Securing Land to Build a 300 Megawatt Solar Park in West Texas
July 29, 2009 08:30 AM Eastern Time
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that the Company signed a contract securing land for the design, construction and operation of a solar park in west Texas. A Limited Liability Company will be formed to own, finance and operate the solar park. Solar Energy Initiatives will sell the solar panels and balance of system to the LLC, generating as much as $750 million in revenue within a 6 year time period. During the first year of development, the project will generate over $100 million in sales. The revenue approximation is solely based on the sale of the solar panels and does not account for the sale of generated electricity.
Construction of the 300 megawatt system represents the largest non-utility owned solar park to be created. Preliminary work, including zoning, permitting, EPA approvals and other activities will begin immediately with construction set to begin in the next 18 months. The project will be constructed in various increments over the six year time frame. At full capacity, the solar park could generate enough green renewable energy to displace approximately 700,000 metric tons of carbon emissions, annually, that would have otherwise been produced by non-renewable power generation. The project could produce enough energy to provide power to approximately 60,000 homes.
“Solar Energy Initiatives is thrilled to have secured such a monumental contract,” stated, David Fann, Chief Executive Officer of Solar Energy Initiatives. “The size and scope of this venture represents a significant milestone in establishing the Company as a true market leader within the rapidly expanding solar deployment sector. It is an incredible testament to our management team and Board of Directors that we have been successful in securing the contract to build the largest non-utility owned solar park.”
Mr. Fann continued, “As we continue to attract additional funding for these projects from our partners we will bid on new projects that make strong economic sense for our Company. The deployment of these large scale projects will enhance our ability to negotiate panel prices with solar panel providers which will enhance our overall margins and drive our profitability. Management believes that the signing of the solar park contracts will assist us in working with additional municipalities and land owners to obtain additional contracts, increase our earnings and achieve our primary goal of improved shareholder value.”
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EXAMPLE #4
Feb 1, 2010 Fidelis Press Release $18.4 Million LOI:
http://www.marketwire.com/press-release/Fidelis-Energy-Expands-International-Presence-Signs-LOI-184-Million-Commercial-Projects-1188043.htm
Fidelis Energy Expands International Presence and Signs LOI for $18.4 Million in Commercial Projects in Greece
BEVERLY HILLS, CA--(Marketwire - February 1, 2010) - Fidelis Energy Inc. (PINKSHEETS: FDEI) ("Fidelis" or the "Company") announces it has signed a Letter of Intent (LOI) with multiple Greek multinational corporations to install and operate approximately 10 megawatts (MW) of photovoltaic (PV) systems on all of their large-scale manufacturing facilities located throughout Greece.
The company will provide all solar equipment for the installation on the sites, as well as sell the newly generated solar energy to the buildings at a discounted rate compared to the previous electricity provider.
"Due to robust government tax incentives, Greece has emerged as a leading market for solar power energy, and for Fidelis as we continue to launch on our aggressive international expansion program," said James Poole, President and CEO of Fidelis. "Their current environment of available grants and favorable feed-in tariffs presents a great opportunity for the Company, and we fully expect to see an increase in projects within the region."
"We are encouraged with the recent influx of projects that the company is being offered, as well as our ability to secure multiple agreements simultaneously. Fidelis' proven business model which offers low cost, high return energy production to large-scale manufacturing facilities is rapidly being accepted throughout the alternative energy markets. The company will continue to leverage its strategic business model and growing market presence in order to expand its geographic presence, increase earnings, and improve shareholder value," said Mr. Poole.
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September 6, 2009 Solar Energy $17 million LOI:
http://www.solarfeeds.com/pcs-solar-photovoltaics-blog-/8776-solar-energy-initiatives-announces-loi-for-17-million-in-commercial-projects
Solar Energy Initiatives announces LOI for $17 million in commercial projects
Sunday, 06 September 2009 Solar - PC's Solar Photovoltaics Blog
Solar Energy Initiatives Inc., executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the US workforce and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, announced letters of intent with several municipalities in various locations in the United States to install and operate approximately 4 megawatts (MW) of photovoltaic (PV) systems on government buildings.
The company anticipates that the projects will be completed by the second quarter of fiscal 2010.
The company will provide all solar equipment for the installation on the sites within the municipalities, as well as sell the newly generated solar energy to the buildings at a discounted rate compared to the previous electricity provider.
Upon completion of the agreements, Solar Energy expects to provide energy savings to the municipalities without any out of pocket costs to the municipalities. The utilization of approximately 20,000 solar panels for the 4 megawatts of projects is projected to reduce hazardous carbon dioxide emissions by 6,000 tons, annually.
"Management is pleased with the Company’s ability to attract these profitable government ventures," stated David Fann, Chief Executive Officer of Solar Energy Initiatives.
"We are encouraged with the recent influx of projects that the company is being offered, as well as, our ability to secure multiple agreements simultaneously. Solar Energy’s proven business model which offers low cost, high return energy production to municipalities is rapidly being accepted throughout the alternative energy markets. The company will continue to leverage its strategic business model and growing market presence in order to expand its geographic presence, increase earnings, and improve shareholder value.”
Solar Energy Initiatives will partner with a major funding source, installing the solar system at no "out of pocket" cost to the school district or municipality. In addition to the sale of solar panels into the projects, Solar Energy Initiatives will recognize energy sales over a 20-year period.
And the rest was stolen from this Oct 28, 2008 Clear Sky's Press Release regarding their projects in Greece:
http://www.solardaily.com/reports/Clear_Skies_Solar_Expands_International_Presence_999.html
Clear Skies Solar Expands International Presence
New York NY (SPX) Oct 29, 2008
Clear Skies Solar have announced a $5.7 million USD agreement with Achilles Chondronasios and Co. to develop and construct a 960 Kilowatt solar power project in Melia, Larissa, Greece. This marks the company's second signed agreement in Greece within the last three months.
"Due to robust government tax incentives, Greece has emerged as a leading market for solar power, and for Clear Skies Solar as we continue to embark on our aggressive international expansion program," Ezra Green, Chairman and CEO of Clear Skies Solar.
"Their current environment of available grants and favorable feed-in tariffs presents a great opportunity for the company, and we fully expect to see an increase in projects within the region."
This contract follows closely on the heels of an $8 million solar energy contract announced in Chitrakoot, Uttar Predesh, India last week, which brought Clear Skies' India-based project portfolio to a total of $28 million USD.
"We realized in early 2008 that the international markets were the key to our continued success and have focused our efforts on overseas growth in Europe and Asia," continued Green.
A leading developer and installer of solar power solutions, Clear Skies Solar is aggressively targeting foreign markets where strong governmental support of green technology has created fertile business opportunities.
Clear Skies attributes its rapid international success to the company's ability to develop large scale projects at an accelerated pace, and to nurturing the right relationships with native companies in its targeted overseas markets.
"In this case, we're working with Aspen Energy, a very talented team of alternative energy professionals, who have secured two solar project contracts for us in less than three months," added Green.
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EXAMPLE #5
March 10, 2010 Fidelis press release announcing new board members:
http://www.marketwire.com/press-release/Fidelis-Energy-Announces-Appointment-Eric-Esposito-Board-Directors-Brings-Aboard-Two-1195731.htm
Fidelis Energy Announces Appointment of Eric Esposito to Board of Directors and Brings Aboard Two New Executives to Advance FDEI's Solar Development Plans
BEVERLY HILLS, CA--(Marketwire - March 10, 2010) - Fidelis Energy Inc. (PINKSHEETS: FDEI) ("Fidelis" or the "Company") today announced several changes in management to strengthen the Company's focus and future direction.
Eric Esposito, the recently appointed COO of the Company, has been appointed to the Board of Directors. "With the addition of Eric to the Board, we now have the formation of a team committed to the Company's vision for the future and who understand the direction we are heading," stated James Poole, CEO of Fidelis. "Eric's understanding of the market, contacts within the clean energy area, and business savvy, will be a big help as we evaluate the opportunities before us."
Simultaneously, the Company announced the appointment of Demyan Bondarenko as the Director of Solar Project Development and Fedir Ruzicka as the European Solar Energy Operations Manager. Mr. Bondarenko has an extensive background in large scale renewable energy projects with recent emphasis on solar development in the Czech Republic; Mr. Ruzicka, a resident of the Czech Republic, has extensive background in solar development specific to site permitting, negotiations of grid interconnect and energy off-take agreements.
"I am excited to have Demyan and Fedir join our developing team and look forward to their management of our solar projects both internationally and domestically," said Eric Esposito. "I look forward to their assistance with the Solar projects that we are developing in the European Union. One of the driving forces to push for Solar energy in EU is the high Power Purchase Agreements they have entered into providing $.54 per kWh as compared to the United States where kWh prices range between $.12 to $.18. In many cases we can get 4 times the revenue for the same amount of power generated in Europe vs. the United States."
Mr. Poole continued, "We are excited that in such a short time, we have been able to tap into two experienced executives who share the vision we have for Fidelis."
In other news, the Company is continuing to work with its lawyers to begin the final leg for bringing the company current with the OTC Pink Sheets and looks forward to having that completed early April 2010.
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Feb 18, 2010 Clean Energy and Power press release announcing new board members:
http://www.cleanenergyandpower.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=10&cntnt01returnid=15
Clean Energy and Power Announces Appointment of Dennis Shen to Board of Directors and Brings Aboard Two New Executives to Advance CEP's Solar Development Plans
WARWICK, RI--(Marketwire - February 18, 2010) - Clean Energy and Power, Inc. (PINKSHEETS:KEPI) (www.cleanenergyandpower.com) today announced several changes in management to strengthen the Company's focus and future direction.
Dennis Shen, the recently appointed President of the Company, has been appointed to the Board of Directors. "With the addition of Dennis to the Board, we now have the formation of a team committed to the Company's vision for the future and who understand the direction we are heading," stated Erwin Vahlsing, Jr., CEO of Clean Energy and Power (CEP), "Dennis's understanding of the market, contacts within the clean energy area, and business savvy, will be a big help as we evaluate the opportunities before us."
Simultaneously, the Company announced the appointment of Yury Rahubin as the Director of Solar Project Development and Alex Kotunov as the European Solar Operations Manager. Mr. Rahubin has an extensive background in large scale renewable energy projects with recent emphasis on solar development in the Czech Republic; Mr. Kotunov, a resident of the Czech Republic, has extensive background in solar development specific to site permitting, negotiations of grid interconnect and energy off-take agreements.
Both Mr. Rahubin and Mr. Kotunov have acted as managing partners of Glass Time s.r.o., the company with which CEP announced a joint venture for solar developments in Czech Republic and EU.
"I am excited to have Yury and Alex join our developing team and look forward to their management of our solar projects both internationally and domestically," said Dennis Shen, "I look forward to their assistance with the Solar projects that we are developing in the European Union in conjunction with Glass Time, s.r.o. One of the driving forces to push for Solar energy in EU is the high Power Purchase Agreements they have entered into providing $.63 per kWh as compared to the US where kWh prices range in the low teens. In many cases we can get 3 times the revenue for the same amount of power generated in Europe vs. the United States."
Mr. Vahlsing continued, "We are excited that in such a short time, we have been able to tap into two experienced executives who share the vision we have for the Company."
In other news, the company is continuing to work with its auditors to begin the final leg for bringing the company current with the SEC filings and still hopes on having that completed by end of Q1 2010.
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EXAMPLE #6
March 15, 2010 Fidelis press release regarding contract for solar modules:
http://www.marketwire.com/press-release/Fidelis-Signs-207MW-Contract-for-Sale-of-Solar-Modules-Worth-475-Million-1196360.htm
Fidelis Signs 207MW Contract for Sale of Solar Modules Worth $475 Million
BEVERLY HILLS, CA--(Marketwire - March 15, 2010) - Fidelis Energy Inc. (PINKSHEETS: FDEI) ("Fidelis" or the "Company") announced today that it has entered into a long-term solar module supply agreement with TinSol Energy (pty) Ltd. (TSEL), Johannesburg, South Africa. Under the terms of the contract, Fidelis Energy will supply 207 megawatts (MW) of PV Solar modules to TSEL for use in the development and build-out of several solar parks in Africa. Fidelis will begin shipments against this contract during the first quarter of 2011. Product will ship from Fidelis's Chinese plant scheduled to come online during the fourth quarter of 2010.
Mr. Wes L. Volker, Managing Director of TSEL, commented: "We selected Fidelis as our partner for these large installations due to the benefits of the Solar Cell technology owned by Fidelis, particularly its very competitive cost and excellent performance. We look forward to a long and prosperous relationship with Fidelis as we grow our energy business in Africa."
"We are proud to announce Fidelis Energy's first multi-hundred megawatt contract," stated Mr. James Poole, CEO of Fidelis Energy. "This contract, along with the substantial investment commitment we secured in February and other imminent multi-hundred megawatt deals, will enable Fidelis to command a leadership position in the high growth solar market. We are extremely pleased to be working closely with TinSol Energy (pty) Ltd. to accelerate our growth in Africa." Mr. Poole added, "The environmental benefits of solar energy are critical to addressing the global warming challenge facing all of us. The electricity generated as a result of the deployment and use of the PV modules we will sell to TSEL will avoid the annual emission of nearly 600,000 metric tons of CO2 that would result if the electricity were generated by coal-fired power plants." Fidelis Energy announced up to $80 million of new financing in February 2010, for the purpose of expanding its photovoltaic manufacturing capacity. Fidelis plans to expand its annual manufacturing capacity by approximately 150 MW in each of the next several years.
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Dec 28, 2008 EPV Solar Press Release regarding contract for solar modules:
http://www.prnewswire.co.uk/cgi/news/release?id=215439
EPV SOLAR, Inc., Signs 306MW Contract for Sale of Solar Modules
HAMILTON, New Jersey, December 17 /PRNewswire/ --
EPV SOLAR, Inc. (formerly Energy Photovoltaics, Inc.), a thin-film solar module manufacturer and technology developer headquartered in New Jersey, USA, announced today that it has entered into a long-term solar module supply agreement with unlimited energy GmbH, Berlin, Germany. Under the terms of the contract, EPV SOLAR will supply 306 megawatts (MW) of amorphous silicon modules to unlimited energy for use in the development and build-out of several solar parks in Europe. EPV will begin shipments against this contract during the first quarter of 2008. Product will initially ship from EPV's New Jersey locations and shift to EPV's Senftenberg, Germany, plant scheduled to come online during the fourth quarter of 2008.
Mr. Dietmar Kaesch, Managing Director of unlimited energy, commented: "We selected EPV SOLAR as our partner for these large installations due to the benefits of amorphous silicon technology, particularly its very competitive cost and excellent performance. We look forward to a long and prosperous relationship with EPV as we grow our energy business in Europe."
"We are proud to announce EPV SOLAR's first multi-hundred megawatt contract," stated Mr. Scott T. Massie, CEO of EPV SOLAR. "This contract, along with the substantial funding we closed in June and other imminent multi-hundred megawatt deals, will enable EPV to command a leadership position in the high growth solar module market. We are extremely pleased to be working closely with unlimited energy GmbH to accelerate our growth in Europe." Mr. Massie added, "The environmental benefits of solar energy are critical to addressing the global warming challenge facing all of us. The electricity generated as a result of the deployment and use of the PV modules we will sell to unlimited energy will avoid the annual emission of nearly 400,000 metric tons of CO2 that would result if the electricity were generated by coal-fired power plants."
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EXAMPLE #7
June 10, 2010 Fidelis Press Release about solar energy facility in India:
http://www.marketwire.com/press-release/Fidelis-Energy-Progress-Report-on-5MW-Solar-Energy-Facility-in-India-1274364.htm
Fidelis Energy Progress Report on 5MW Solar Energy Facility in India
BEVERLY HILLS, CA--(Marketwire - June 10, 2010) - Fidelis Energy Inc. (PINKSHEETS: FDEI) is pleased to report on the progress of the 5MW Solar Energy Facility near Jaisalmer, India. The 5MW project is part of a larger proposed 100 MW project and will be the first of its kind in India.
"It has been and exciting and rewarding journey for us as a company this past year in working towards the goal of becoming a pioneer in the solar industry in India. This is a very exciting time for solar and for the alternative energy sector worldwide, and we are proud to be part of it," stated Mr. James Poole, President and CEO of Fidelis Energy Inc.
Dear Shareholders,
I am pleased to write to you today with an update on the various activities we as a company have been engaged in and an overview of our current objectives. I am proud of our accomplishments to date and am excited about our future prospects with a sharp focus on becoming a leader in solar power generation.
Since signing the Agreement with Esar Solar Power Pvt. Ltd. (ESP), the key objectives have been:
1. Produce a Detailed Project Report for presentation to government officials in Rajasthan
2. Produce a Feasibility Study for the government officials in Rajasthan
3. Identify and purchase a sufficient area of land suitable for a 100 Megawatt Solar Energy Facility
4. Secure Power Purchase Agreement(s) with the state's government-owned power distribution company
5. Obtain financing in the form of debt or a Joint Venture partner
6. Secure an implementation agreement with the government
7. Complete Phase I-A construction of the Solar Energy Facility (5MW) and connect to the grid
Detailed Project Report & Feasibility Study
The Detailed Project Report and the Feasibility Study are both well underway. We have engineers both here and in India compiling the data required. The company has a planned presentation date of July 31, 2010, to present these reports to the government officials in Rajasthan. These reports are the base documents for planning and implementing the project in Rajasthan.
Land
The team, including a number of Indian Government officials, targeted the land most suited for the project. The location is perfectly suited for the project because it is located in the Thar desert. The region basks in an average of 330 days of sunshine per year and receives up to 6.2KW per hour of solar energy per square meter everyday, which is the highest in the world. The entire 960 acres are secured by deposit and being purchased from a syndicate of landowners at a cost of approximately $3.7 million. This site is approximately 5 kilometers to the nearest government substation connecting to the electrical grid system.
Financing
The company is currently in negotiations with 6 (six) separate entities interested in additional funding for this project. Three of which are well known financial institutions looking for solar projects and the other three are very well known solar companies. Management feels that a Letter of Intent from one or more of these sources could be signed within the next 15 days. The Company has already secured a $30 million financing with Swiss-based Empres Voss Capital (EVC) announced early this year on January 19, 2010.
Complete Construction of Phase I-A of the Solar Energy Facility
This project will be the largest Solar Energy Facility in India. Phase I-A calls for the construction of 5 MW of power at a construction cost of approximately $25 million USD. Currently all of India has a total of approximately 3.2MW of installed grid-interactive Solar Power capacity. Just this first phase is almost twice more solar power than currently installed. It will provide enough electricity to power approximately 18,000 homes.
India's National Solar Plan
In July 2009, India unveiled a $19 billion plan, to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels. On November 18, 2009, it was reported that India was ready to launch its National Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 MW of power by 2013.
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12/03/09 P2 Solar Press Release about a solar energy facility in India:
http://www.transworldnews.com/NewsStory.aspx?id=145128&cat=12
P2 Solar, (PTOS) Provides Report on Proposed Solar Power Station in Punjab, India
Windsor, Alberta 12/03/2009 06:05 PM GMT (TransWorldNews)
P2 Solar, Inc. (OTCBB: PTOS) recently reported on the progress of the proposed 25MW Solar Power Station in Punjab, India. The 25MW project is part of a larger proposed 200 MW project and will be the first of its kind in Northern India.
P2 Solar is well underway in its process of putting together a Detailed Project Report that will be presented to the India government officials by January 29th 2010. Upon approval the company will work diligently with government officials to finalize a Power Purchase Agreement and an Implementation Agreement for the 25MW phase. "It has been and exciting and rewarding journey for us as a company this past year in working towards the goal of becoming a pioneer in the solar industry in India. This is a very exciting time for solar and for the alternative energy sector worldwide, and we are proud to be part of it" stated Mr. Raj Grum, President/CEO of P2 Solar Inc.
From a P2 Solar newsletter regarding the same event:
http://www.p2solar.com/newsletters.html
Dear Fellow Shareholders,
I am pleased to write to you today with an update on the various activities we as a company have been engaged in and an overview of our current objectives. I am proud of our accomplishments to date and am excited about our future prospects with a sharp focus on becoming a leader in solar power generation.
Since signing the MOU (Memorandum of Understanding) with the Punjab Government, the key objectives have been.
1. Produce a Detailed Project Report for presentation to Punjab government officials
2. Produce a Feasibility Study for the Punjab government officials and the funders
3. Identify and purchase a sufficient area of land suitable for a 200 Megawatt Solar Power Station
4. Secure Power Purchase Agreement(s) with the Punjab electricity board
5. Obtain financing in the form of debt or a Joint Venture partner
6. Secure an implementation agreement with the Punjab government
7. Complete phase 1 construction of the Solar Power Plant (25MW) and connect to the grid
The Detailed Project Report & Feasibility Study
The Detailed Project Report and the Feasibility Study are both well underway. We have engineers both here and in India compiling the data required. The company has a planned presentation date of January 29, 2010, to present these reports to the government officials in Punjab. These reports are the base documents for planning and implementing the project in Punjab.
The Land
The team, including a number of Indian Government officials, targeted the land most suited for the project. The location is perfectly suited for the project because it is located on a plateau 400 meters up in the foothills of the Himalayan Mountains. It is south facing for optimal sunlight, and being 400 meters above the valley will assist the company in the winter months when Punjab can experience days with heavy fog. We currently need additional funds to complete the purchase of this land. The entire 500 acres are secured by deposit and being purchased from a syndicate of land owners at a cost of approximately $2.8 million. This site is approximately 8km to the nearest government substation connecting to the electrical grid system.
Obtaining Financing
The company is currently in negotiations with 4 (four) separate entities interested in funding this project. Two of which are well known financial institutions looking for solar projects and the other two are very well known solar companies. Management feels that a Letter of Intent from one or more of these sources could be signed within the next 30 days.
Complete Construction of Phase 1 of the Solar Power Station
This project will be the largest Solar Power Station in India. Phase 1 calls for the construction of 25 MW of power at a construction cost of approximately $100 million USD. Currently all of India has a total of approximately 2.74 MW of installed Solar Power capacity. Just this first phase is almost 10 times more solar power than currently installed. It will provide enough electricity to power approximately 13,000 homes.
From an article about Solar Energy in India:
http://www.articledashboard.com/Article/Features-of--Solar-energy-in-India-/1259291
In July 2009, India unveiled a $19 billion plan to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels. 18 November 2009, it was reported that India is ready to launch its Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 mw of power by 2013.
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I'm sure I can fine many more examples, but I think I have more than made my point already.
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