Evolution Solar Goes Green, Green, Green

October 14, 2008 9:00 AM EDT

TEMPE, Ariz.--(BUSINESS WIRE)--

Evolution Solar Corp.'s (Pink Sheets: EVSO) stock price goes green, moving up 20% from its low on Oct. 10, 2008, on increased volume. "The stock price retreated on fears of both credit woes and the possible end of the solar tax credits. With news of renewed and enhanced tax credits for both consumers and utilities, the easing on interest rates and the freeing up of commercial credit, solar stock prices quickly turned green," stated Robert Kaapke, CEO of Evolution Solar Corporation. First Solar (NASDAQ: FSLR) is up 36% from its recent low. SunPower Corp. (NASDAQ: SPWRA) moved from $37.10 to $51.13 in early morning trading on Monday.

Evolution Solar goes green again by announcing the addition of a second China office. The new office will be staffed with an additional 10 employees, all of whom will be directly involved with product procurement and development for the alternative energy industry. "We are excited to expand our reach further into the Chinese markets, procuring and developing green products for export worldwide," remarked Michael Franklin, President of Asian operations for Evolution Solar. Mr. Franklin continued by saying, "The new office will be located in Xiaman, and will complement our existing office and employees in Shanghai."

Robert Kaapke, the CEO of Evolution Solar, will attend Solar Power International 2008, being held at the San Diego Convention Center located at 111 West Harbor Dr. San Diego, CA 92101. Some of the sponsors include Kyocera (NYSE: KYO), JASolar (NASDAQ: JASO), Conergy, and many more. "We once again look forward to meeting with the giants of our industry to discuss future strategic alliances where our procurement abilities can be utilized," stated Robert Kaapke, CEO of Evolution Solar.

About Evolution Solar Corporation

Evolution Solar Corporation (OTC: EVSO) commercializes leading-edge alternative solar energy technologies and related photovoltaic technologies, equipment and next-generation appliances. Evolution Solar is an emerging industry leader, capitalizing on its understanding of solar technology, and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities. For more information please visit our homepage at: http://www.evolutionsolar.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Source: Evolution Solar Corporation

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