Solarbrook Water and Power Corp. (fka SLRW)

[ancientacid]

NEWS ALERT: Solarbrook Water and Power to Retire 30 Million Shares of Common Stock and Reduce Its Outstanding Shares by Nearly 6%
http://www.marketwire.com/press-release/Solarbrook-Water-Power-Retire-30-Million-Shares-Common-Stock-Reduce-Its-Outstanding-1299341.htm

Aug 03, 2010 13:05 ET
Solarbrook Water and Power to Retire 30 Million Shares of Common Stock and Reduce Its Outstanding Shares by Nearly 6%

CARY, NC--(Marketwire - August 3, 2010) - The Solarbrook's (PINKSHEETS: SLRW) Board of Directors held a meeting in June 2010, and after discussions with consultants voted to begin a stock buy-back program commencing immediately.

The effort has resulted in the purchase of 30,000,000 shares of common stock, which will be returned to the corporate treasury by the end of this week. This action is designed to add value to the stock holders while reducing the number of outstanding shares to approximately 475,000,000.

Additionally, Solarbrook is negotiating on buying additional common stock from several other corporate owners over the next month with a goal of retiring a minimum of 100,000,000 shares or at least 20% of the total outstanding common stock.

Solarbrook's president George Moore stated "Our goal is to bring the total outstanding shares to fewer than 400,000,000 in an effort give better value to our share holders. Aside from this very important share structure change we have initiated, we have been busy focusing on several other projects that we feel will improve Solarbrook's value. Company updates on these initiatives will be announced over the upcoming weeks."

About Solarbrook Water and Power Corporation

Solarbrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of Solarbrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. Solarbrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential. For more information, please visit www.solarbrookwaterandpower.com

Contact:
Solarbrook Water & Power Corporation
Investor Relations
Ph: 202-241-0011
[e-mail]