MINEOLA, N.Y., June 7, 2011 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced it has added an additional $1.1 million commercial contract to the backlog.
"As the stream of good news continues, we have been receiving the first deliveries of products for our permitted installations. Growing the backlog of financeable projects with shorter closing cycles has proven successful. With our new model we feel we have hit on the sweet spot in the industry and for CSS but more importantly we have built a strong sustainable model that we believe will create the much needed steady cash flow," Said Ezra Green, CEO Clear Skies Solar.
Continuing, "We closed the month of May with approximately $7 million in sales for 2011, and we are starting June on a very good note while bringing that total to $8 million. The project installations are beginning which will start to relieve the cash flow issues of the past. Forecasting future sales has proven difficult with our old model but with our new model running well, we look forward to discussing Q3 & Q4 2011. As we start the execution of the contracts during Q2, we will maintain the flow of information as events occur as demonstrated over the past 5 months. Although having a sales backlog is important, we need to execute on these projects in order to regain shareholder confidence and that is happening now.
"We have all worked hard at CSS to turn the ship around from the financial abyss of the past several years and feel we have reached the first and most difficult step in accomplishing that goal. A long and healthy backlog of projects with the first permitted projects breaking ground is a great new beginning for CSS."
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
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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)