Barnabus Energy Solar Roofing Partners Secure Dealer Network
Tuesday October 11, 9:00 am ET
CARLSBAD, CA--(MARKET WIRE)--Oct 11, 2005 -- Barnabus Energy, Inc. (OTC BB
BSE.OB - News) senior management has recently returned from the Solar Power 2005 Conference in Washington, DC during which the Company's partner Solar Roofing Systems (SRS) announced that it continues to enhance its dealer network of solar integrators across North America. Affiliated companies now representing the SolarSave product line include Renewable Technologies in California, New Jersey Solar Power, and additional organizations covering the key solar photovoltaic markets in the US.
Howard Gomes, Vice President of Sales for SRS, was proud to state, "Our dealers already represent committed sales of over 800,000 kilowatts, which equates to about $4 million in orders for early 2006, with many more projects in the pipeline. We will not be market constrained in our first year of operation, that's for sure."
The Conference was attended by most of the big photovoltaic cell manufacturers, including Sunpower, BP Solar, Sharp, Kyocera, and Shell Solar, together with major equipment manufacturers, distributors, municipal utilities, federal and state energy commissions, and corporate customers of solar PV.
At yesterday's plenary session, US Senator Lamar Alexander, who was a key legislator advocating the 30% national tax credit for solar PV systems in the recently enacted Federal Energy Bill, stated his intention to support extending this and other support for renewable energy technologies for an additional seven years. Jigar Shah, president and CEO of Sun Edison, predicted that the current $7 billion solar energy market in the US would grow into a $35 billion industry over the next ten years, and requiring 7200 megawatts of new solar electrical capacity.
Barnabus Company President David Saltman adds: "It was an exciting event where we made several key contacts and met with a number of strategic organizations. All in all, one of the most important events we have attended to-date and we look forward to further discussions that we believe will open the doors for further opportunities in the near future."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a diversified energy project portfolio. The Company is currently acquiring commercially viable projects in both conventional and renewable energy sectors. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
Contact:
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at
http://www.barnabusenergy.com
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