Applied Solar, Inc. (fka APSOQ)

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50:1 RS coming ???

At the Company's annual meeting of stockholders in December 2008, the Company's stockholders approved two separate amendments to the articles of incorporation, neither of which has been effected.

The first amendment would increase the Company's authorized capital stock from 1,125,000,000 common shares to 3,000,000,000 common shares.

The second amendment would effect a reverse split of the Company's common stock, at a rate of up to 50-for-1, as determined by the board of directors, which has the authority to effect such a reverse stock split within the one year period immediately following the date of the stockholder approval.