XsunX Future Looks Bright: Company Rolls Out New Solar Power Project Development Services This Week
October 16 2013 - 5:45AM
Marketwired
XsunX Future Looks Bright: Company Rolls Out New Solar Power
Project Development Services This Week
ALISO VIEJO, CA--(Marketwired - Oct 16, 2013) - XsunX, Inc.
(OTCQB: XSNX), a renewable energy technology, systems, and services
company, today announced the launch of its planned business
expansion to include solar power project development and
construction services.
"We have some good news -- our business expansion into solar
power project development and construction services received the
necessary California state licensing this week. The approved
license is the last milestone necessary for us to initiate this new
program and publicly market these services. We are very hopeful
about closing solar project deals soon," stated XsunX CEO, Tom
Djokovich.
The Company's efforts are aimed at expanding operations to take
advantage of the revenue opportunities for solar power systems
development. The current market trends indicate high growth
occurring in the solar power market. However, the realities are
that the solar industry is still only scratching the surface of a
vast solar power growth opportunity and the Company believes that
this is a good time to enter the solar power project development
and installation market.
An added benefit making this business expansion a more natural
fit for XsunX is that the Company's management has extensive solar
technology, construction, and project development experience as
well as a finance background. This depth of knowledge provides the
Company with the experience and expertise necessary for expansion
into these added operations.
Building up to this launch, XsunX has been in discussions and
reviewing solar power system projects totaling nearly 750 kW (about
3/4 of a megawatt) for commercial and industrial sites. "Now that
we are licensed we can work towards closing these deals and turning
our new business development efforts into a success," concluded Mr.
Djokovich.
About XsunX
XsunX focuses on providing solar energy solutions that provide
the greatest bottom-line financial benefits. The Company's
background and experience spans virtually all aspects of solar
including technology assessment, design, and development. We have a
deep passion for solar and have worked to pioneer new technologies
and solar business solutions focused at making solar an affordable
energy option. For more information, please visit the Company's
website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical facts included in this press release are forward-looking
statements. These statements relate to future events or to the
Company's future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects the
Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained
herein, are included in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
Company Contact: Tom Djokovich President and CEO 949-330-8060
info@xsunx.com
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