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Canada Business News and Press Releases
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(EMAILWIRE.COM, September 14, 2010 ) Montréal,Québec - Today on hotpennystocks.co (http://hotpennystocks.co): Sunvalley Solar, Inc. (OTCBB: SSOL) solar power technology and solar system integration company, announced signing of several contracts with customers in Southern California to provide solar power solutions while on September 13 it announced a partnership agreement with TianWei SolarFilms, a solar thin film supplier in China.
As SSOL is new company and start trading regularly in August, these news are the backbone for a strong performance during last three trading days supported by good volume. Company stock price increased from 0.0395 on 10th September to 0.0639 on closing of last trading day. Good performance is also evident from augmented volume which increased from 454,000 on 9th September to 108,430,700 as of last trading day. Now the stock is trading at 0.065 with change of +27.20% in price and volume boosted to 111,344,761 while trading is still underway. This upward trend is expected to exist next week, showing a good growth stock for securing profit.
Sunvalley Solar: (OTCBB:SSOL) is a leading solar energy system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy located in Los Angeles, California.
Making strategic moves to increase their share of the Solar energy marketplace, they have recently announced their partnerships with Tian Wei Solar Films, a solar thin film supplier; a preferred distributorships in the U.S., with Canadian Solar, Inc., and CEEG SST, one of the Worlds leading manufacturer in high efficiency PV panels. These agreements allow Sunvalley Solar to offer extremely competitive pricing and the ability to deliver products anywhere in the U.S. Sunvalley Solar has also established a partnership as the sole distributor in Southern California for residential solar inverters produced by PV Powered. PV Powered is one of the top solar inverter manufacturers in the USA.
Their marketing focus for 2010 and 2011 will center around their Green Community Program. They expect to install over 500,000 Watts of solar power systems for communities in the Los Angeles area. This will not only help clients reduce their utility bills, but also help them to reduce the eco-damage caused by traditional power.
Having reached the 3 megawatts distribution milestone, Sunvalley Solar is on track to make major inroads in the solar energy. They also announced completion and full operation of a 20,500 Watt solar system in Acradia, California.
Trading today is up 17.42% on volume of 24,910,203 shares.
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This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.
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