×

Principal Solar, Inc. Executes Reverse Stock Split

DALLAS, June 5, 2015 (GLOBE NEWSWIRE) -- Principal Solar, Inc. today announced that in preparation for its move to NASDAQ, the Company has executed a 1:4 reverse stock split. The symbol PSWWD (OTC Pink) will carry the letter "D" for the next 20 business days. After 20 business days, the symbol will revert to PSWW.

About Principal Solar

Principal Solar, Inc. is a solar power company that is building and operating utility-scale projects. Principal Solar has an entrepreneurial growth strategy: to identify attractive solar projects at an early stage in their development, complete their construction, and bring them on line and selling power via long-term power purchase agreements (PPAs). The Principal Solar Institute, an educational organization created by Principal Solar, Inc., is dedicated to spreading solar knowledge to the critical stakeholders in the solar and broader electricity markets.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Any such statements, including, but not limited to, Principal Solar's expectations regarding the completion, timing and size of its proposed public offering, whether expressed or implied, are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated due to a number of factors which include, but are not limited to, risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the proposed offering, and other risk factors discussed in the Company's preliminary prospectus and other documents filed with the SEC from time to time. These forward-looking statements represent the company's judgment as of the date of this press release. Except as legally required, the company disclaims any intent or obligation to update these forward-looking statements.

CONTACT: Investor Relations MBS Value Partners Hugh Collins 212-223-4632 Hugh.collins@mbsvalue.com or Media CPR for Principal Solar, Inc. Joelle Caputa, 201-641-1911 x 54 JCaputa@cpronline.comSource:Principal Solar, Inc.