Trendsetter Solar Products Inc. (TSSP)

[cybere]

Howe about now...


FAIRHAVEN, Calif., Aug 14, 2008 (BUSINESS WIRE) -- TrendSetter Solar Products, Inc. (Pink Sheets: TSSP) announced today that its Board of Directors has become aware that on August 11, 2008, the Securities and Exchange Commission ("SEC") filed a civil complaint against David B. Stocker, a Phoenix attorney, and his wholly owned corporation, Carrera Capital, Inc. The Commission's complaint alleges that Mr. Stocker perpetrated multiple instances of corporate identity theft in order to create shell corporations and sell them for cash payments.
In the complaint, reference is made to certain actions taken by Mr. Stocker in creating numerous shell corporations, one of which was eventually sold and became TrendSetter. The complaint does not name any officer, director or controlling shareholder as a defendant in the complaint, and the complaint does not allege that any officer, director or controlling shareholder of TrendSetter knowingly participated in any manner with Mr. Stocker in any of the fraudulent conduct alleged in the complaint.
TrendSetter continues to improve its business and results of operations as reflected in the Company's press release of August 7, 2008, concerning its recently released financial statements for the fiscal years ended 2006 and 2007. TrendSetter also recently announced that the Annual Stockholders Meeting is scheduled to be held in Eureka, Calif., on August 28, 2008.
About TrendSetter Solar Products
TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial markets. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program. A standard residential hot water heater emits approximately one and a half tons of carbon dioxide and carbon monoxide into the atmosphere. TrendSetter's solar hot water heating and storage systems are emissions free. As global warming and alternate and renewable energies become more of a concern, TrendSetter's products are one of the answers. Additional information can be seen at the Company's website www.trendsetterindustries.com.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, and other factors which may be identified from time to time in the company's public announcements.
SOURCE: TrendSetter Solar Products, Inc.
TrendSetter Solar Products, Inc.
Dirk Atkinson, CEO
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e-media Direct, Inc.
Investor Relations, 866-284-2835
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