CAMPBELL, Calif., Jan. 4, 2011 (GLOBE NEWSWIRE) -- Akeena Solar, Inc. d/b/a Westinghouse Solar, (Nasdaq:WEST), a manufacturer and distributor of solar power systems, today announced it has retained Genesis Select Corporation to enhance its institutional investor relations program.
Genesis Select will support the Company's efforts to cultivate long-term relationships with the investment community of portfolio managers and analysts by helping Wall Street gain a broader understanding of the Company's growth prospects.
"Genesis Select has a strong reputation for increasing the visibility and raising awareness of companies within the investment community. In completing our business transformation, we feel that the time is right for Westinghouse Solar to get out and tell our story," stated Barry Cinnamon, Chief Executive Officer of Westinghouse Solar.
"We look forward to working with the management team at Westinghouse Solar," said Budd Zuckerman, President of Genesis Select. "We believe that the solar industry is likely to grow rapidly in the coming years. Westinghouse Solar is poised to take advantage of this growth with their dependable, easy to use products combined with well-known name brand recognition. The management team has successfully reorganized the business and they continue to grow their distribution network. The company recently raised their guidance for the fourth quarter 2010 and looks to be at a break-even run rate by the middle of this year," added Zuckerman.
About Genesis Select
Genesis Select Corporation (www.genesisselect.com) is an independent investment advisory and financial communications firm that specializes in micro through mid-capital public companies. The firm's senior professionals integrate knowledge and expertise gained over 50 years at prominent Wall Street firms. Genesis Select works closely with clients to maximize shareholder value through strategic institutional investor relations and financial communications programs.
About Akeena Solar, Inc. d/b/a Westinghouse Solar (Nasdaq:WEST)
Westinghouse Solar is a manufacturer and distributor of solar power systems. Award winning Westinghouse Solar Power Systems provide a leading combination of safety, performance and reliability, while backed by the proven quality of the Westinghouse name. For more information on Westinghouse Solar, visit www.globenewswire.com/newsroom/ctr%3Fd=209178%26l=5%26a=www.westinghousesolar.com%26u=http%253A%252F%252Fus.lrd.yahoo.com%252FSIG%253D14jdgd14f%252F%252A%252Ahttp%25253A%252Fwww.globenewswire.com%252Fnewsroom%252Fctr%25253Fd%253D201537%252526l%253D5%252526a%253Dwww.westinghousesolar.com%252526u%253Dhttp%2525253A%2525252F%2525252Fwww.westinghousesolar.com%2525252F" title="blocked::http://www.westinghousesolar.com/">www.westinghousesolar.com.
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Safe Harbor
Statements made in this release that are not historical in nature, including those related to future revenue, revenue growth, operating expense rates and cost reductions, and product offerings in future periods, constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "projects," "plans," "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified, and our actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the inherent uncertainty of future financial results, additional capital financing requirements, development of new products by us or our competitors, the effectiveness, profitability, and marketability of such products, our ability to protect proprietary rights and information, the impact of current, pending, or future legislation, regulation and incentive programs on the solar power industry, the impact of competitive products or pricing, technological changes, our ability to identify and successfully acquire and grow distribution customers, and the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.