MINEOLA, N.Y., Oct. 12, 2010 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced that the Company is reiterating its former guidance for the full year 2010 in which it is expecting to generate revenues of approximately $15 million with a margin of 12-15%.
Clear Skies Solar CEO, Ezra Green, commented, "We are working on large solar installation projects for several clients right now and our pipeline of proposals for future business for the remainder of 2010 is strong and growing for 2011." He continued, "We're also starting to see access to financing begin to be available in the solar industry, which serves as an additional and very favorable 'tail wind' to Clear Skies Solar. Because of this and our solid reputation as a market leader, we expect to see even more solar projects booked this year and into next."
Additionally, Clear Skies Solar recently received notification from an independent testing facility, Met Laboratories, advising that testing of its patented remote monitoring XTRAX® technology solution has now been successfully completed. XTRAX is the Company's proprietary remote monitoring solution designed to measure the production of renewable energy systems. The Company plans to offer XTRAX to its installation customers as well as to other PV (photovoltaic) solar power system installers, utilities and owners (primarily residential) of existing PV installations. With the ability to accurately monitor renewable energy systems, and with an extremely cost effective installation package, XTRAX is designed for mass markets throughout the United States, Europe and China.
Mr. Green continued, "While we are excited about our anticipated revenue results for 2010, we are even more enthusiastic about the possibilities for our 2011 financial results as we watch our pipeline grow and the adoption of solar installations by all types of businesses continue to gain momentum nationwide."
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 .
The Clear Skies Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7498
About XTRAX by Clear Skies Solar, Inc.
The XTRAX® proprietary platform is capable of generating data on a variety of measurements including, but not limited to, electrical energy production, temperature, volume and flow, and system malfunction alerts. In particular, the XTRAX® hardware monitor utilizes a database application for the retrieval and reporting of data to owners, customers and aggregators. Data is regularly reported via the cellular spectrum and it can use microwave technology, radio wave or connect via satellite. The XTRAX® system also provides users with the ability to retrieve reports through a website, text message and comprehensive billing reports electronically. Importantly, the Company's XTRAX® software also enables users to acquire and validate renewable energy credits and provides information regarding greenhouse gas emissions that may support the generation of renewable energy credits and carbon credits as this market continues to develop worldwide.
CONTACT: Clear Skies Solar, Inc. Investor Relations Department 1-877-309-CSKH (2754) IR@ClearSkiesSolar.com