Principal Solar Issues Shareholder Update; Receives SEC Qualification to Commence Regulation A Plus Offering

February 9, 2021 7:20 AM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Company Intends to Offer up to 100,000,000 Shares of Its Common Stock; Proceeds Expected to Fund Commercialization of TORS Extraction Technology, Provide Working Capital

DALLAS, TEXAS, February  9, 2021 – OTC PR WIRE  Principal Solar, Inc. (OTC PINK: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors, today issued an update to shareholders from its Chairman and CEO, K. Bryce Toussaint, MBA, CPA.

Fellow Shareholders,

The last quarter has been a busy one for PSWW. In addition to implementing our updated business model, the Company has been qualified by the Securities and Exchange Commission to commence a Regulation A Plus Offering. Regulation A Plus Offerings (also known as “Reg A” Offerings) are unique in that shares can be sold to the general public and are not limited to accredited (means-qualified) investors.

As of the date of this release, the Qualified Offering Terms are set at ten cents (US$0.10) per common share of PSWW’s stock. Shares are currently available to investors in the States of Colorado and New York. Our management team is currently working with our Corporate Counsel in an attempt qualify the Regulation A Plus offering in additional states and to obtain Current Information Status with the OTC Markets Group.

In my last shareholder update letter, I discussed the Company’s exclusive license to deploy the TORS™ system in the states of Louisiana and Oklahoma. TORS is a low-cost, small footprint tertiary petroleum extraction solution that can potentially transform the economics of marginal, orphaned, and similarly distressed properties that are currently cost prohibitive when utilizing existing recovery methods.

When we reimagined our business model, we felt that scalability was key to the TORS solution, and that inviting investors to participate in the upside potential from the combination of acquiring and/or investing in low-cost properties (relative to the value of its known petroleum reserves) and TORS’ unprecedented low lifting costs was the right way to go. Particularly in today’s challenging economic climate, we believe a Reg A Plus structure can offer opportunities to the largest number of investors.

It is our expectation that success with the TORS rollout combined with our acquisition/investment strategy will enhance our ability to attract investors and propel our business model forward in an efficient manner.  Meanwhile, the Company continues to work with vendors and debt holders to settle outstanding liabilities in a manner which will give the company the best opportunity to effectively execute its business model.

I’m glad to count you as fellow shareholders and look forward to our mutual success in 2021.

Sincerely,

Rick Toussaint

Chairman and CEO

Principal Solar, Inc.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website (which is currently under construction) at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWW’s control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWW’s most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission.

Company Contact

K. Bryce “Rick” Toussaint, CPA, MBA

Chairman and Chief Executive Officer

kbt@pswwenergy.com

214.885.0032

Investor Relations Contact

Michael Briola

invest@pswwenergy.com



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

OTC PR Wire, Press Releases

Related Entities

Definitive Agreement