Atlantic Wind & Solar Confirms July 6, 2010 Dividend
June 24 2010 - 10:43AM
Marketwired
Atlantic Wind & Solar Inc. (PINKSHEETS:
AWSL) is pleased to confirm that the record and payment dates for
the non-transferable dividend will officially proceed as planned.
As previously announced, AWSL shareholders of record on July
6th, 2010 will receive 1 (One) Restricted Non-Transferable Common
share for every 4 (Four) shares held.
The Dividend will be paid on September 9th, 2010. Shareholders
of Record who hold their shares in certificate form will receive
their shares by mail. Shareholders who hold their shares in a
brokerage account will receive their shares automatically through
their broker.
AWSL issued a previous dividend in October 2009 which was paid
in Jan 2010. These shares remain restricted until the company
becomes fully SEC reporting or a registration statement becomes
effective. However, holders of these previous dividend shares will
qualify to receive the new dividend on these shares as well as on
any non-restricted shares that are held.
Non-Transferable Shares
AWSL management is pleased to have found an unconventional way
to reward the corporation's long-term supporters and shareholders.
The "non-transferable" clause means the dividend shares represent a
near-permanent reward for shareholders of record on July 6,
2010.
These shareholders will participate in the associated benefits
of long term ownership, such as potential future cash and stock
dividends.
While these new dividend shares cannot be transferred, or sold
in general, they are very much part of the corporation's ownership,
such that these new dividend shareholders will also greatly benefit
from any future mergers, acquisitions, or corporate sale.
AWSL... Poised for Growth
Through focused management, strategic alliances, and advanced
technologies Atlantic Wind & Solar Inc. is poised for growth at
the forefront of the massive global shift towards environmentally
friendly, economical Renewable Energy. The Company is working with
parties in the Real Estate sector in Ontario to secure rooftop
leases suitable for AWSL's photovoltaic (PV) renewable energy
systems.
Looking Ahead
As powerful new Renewable Energy incentives, such as friendly
tax treatments, grants and generous government feed-in-tariffs, are
introduced in the Americas and abroad, AWSL plans on fully
leveraging its relationships, business model and advanced
technologies to capture a significant share of these dynamic
emerging markets.
Sales and Marketing Contacts
Property owners and managers with unobstructed commercial
rooftops of 30,000 s/f or bigger in the Province of Ontario,
Canada, and for which they are interested in possibly leasing to
AWSL, are invited to contact Mr. Charles Mazzacato +1 800 891 1657
ext. 230.
All other Renewable Energy system inquiries are asked to phone
+1 416 900-0380 or email info@atlanticwindandsolar.com
For further corporate information and/or to subscribe for
regular news updates from Atlantic Wind & Solar, please visit:
www.atlanticwindandsolar.com
Disclaimer:
Shareholders and investors are strongly cautioned against
placing undue reliance on information set forth in these
communications in making any investment decisions concerning our
securities. The matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks are detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission
including the company's Annual Report, Quarterly Reports and other
periodic filings. These forward-looking statements speak only as of
the date hereof. The Company disclaims any intent or obligation to
update these forward-looking statements.
Investor Relations Contact: Geneva Bancorp. Mr. Brent O'Connor
Phone: +1 (416) 900-0380 ext.223 Email:
ir@atlanticwindandsolar.com
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