updated 4/4/2011 6:16:01 AM ET 2011-04-04T10:16:01

MINEOLA, N.Y., April 4, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, reflects on the past year and the changes moving forward.

Commenting on the 2010 year end results Ezra Green, CEO, said: "As the CEO of Clear Skies Solar, it is important to discuss the future with shareholders as accurately as possible and it is equally as important to discuss when the future events previously discussed have not been realized. Several times we at CSS had predicted a good year in 2010 as far as revenue was concerned, and although we did not meet our own expectations, we did manage to reach a new high of $5.5 million for the year. The 5 projects we were able to complete in 2010 for our customer were all commercial projects in New Jersey and all of them were completed profitably with 10% margins or better."

Continuing, Mr. Green said: "Our plan was to have executed on several additional commercial projects that we had been developing over the course of the past year but unfortunately they had not, and still have not, come to fruition leaving us with this gap in expectations. We still do expect to complete some of these projects but we can no longer discuss time lines. The complexities of developing larger Mega-watt size projects and working with large scale clients have proved numerous, hence creating a difficult timeline for execution forecasting. One of the difficult issues we faced in reaching our goal was the requirements imposed by clients, which was the need for us to 'float' the projects in part for 60-90 days, that is working on them before receiving any payments. Meeting this requirement proved elusive to us in 2010.

"We have changed our business model as we have recognized the need to alter our course in Q4 of 2010.  We expanded our business model into new sectors, residential and smaller commercial projects. The importance of this move was for us to be able to generate a much steadier cash flow thereby assisting in minimizing the equity dilution necessary to maintain operations. The time to implement this expanded model was estimated at six months but we are pleased to say that we have been begun generating revenue in only two months. As for cash flow, although we have completed several equity placements recently, this pursuit of higher volume though smaller projects has proved successful. As a result, in Q1 of 2011, we placed the first of several millions of dollars in product orders for the projects developed under this new program. We have announced a combination of LOI's from our client-financers as well as signed contracts that are now moving to the engineering and permitting stage. At this time we will not be giving guidance for 2011 but we will be releasing news frequently reflecting our progress.

"We have received many inquiries as to why our stock price has remained under pressure and needless to say we have no control over this, but our promise to keep our shareholders better informed will be met as we have demonstrated the past few months.

"Our auditors, JH Cohn, plan on completing their calendar year-end work within the next few days and we plan to file our annual report with the SEC on form 10-K as soon as that work is done. This report will reflect the details of the past year. This has been a very difficult few years but we believe it is behind us now having changed to this new model. Needless to say, we do not benefit from a low stock price and we strove to meet our goals for 2010. We look forward to regaining the confidence of our shareholders in 2011."     

About Clear Skies Solar, Inc.

Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time, the Company developed its proprietary systems, obtained important licenses and certifications, and acquired technologies to maximize the impact of its construction expertise in the renewable energy sector. Clear Skies Solar has become one of the premier solar electric installation companies in the country. For more information about CSS please visit http://www.clearskiessolar.com

The Clear Skies Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7498

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about Clear Skies Solar's expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from these forward-looking statements can be found in Clear Skies Solar's periodic reports filed with the Securities and Exchange Commission. Clear Skies Solar undertakes no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.

CONTACT: Clear Skies Solar, Inc.
         Investor Relations Department
         Email: IR@ClearSkiesSolar.com
         Direct: 1-877-309-CSKH (2754)

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