First Power and Light Signs Major Solar Contract As Mainstream Moves To Acquire Them
BRIDGEPORT, Pa., March 1, 2013 /PRNewswire/ -- Mainstream Entertainment, Inc. (OTCBB: MSEI) stands to benefit from First Power's announced 67.5 Kilo-Watt commercial solar installation contract. Valued at $275,000, it is the first of an anticipated eight contract, $2.2 Million deal that will be part of Mainstream's acquisition agreement and name change to First Power and Light, Inc., pending audit.
Lindsay Hertzog, National Sales Director, said, "First Power is a fast-growth solar installation firm that will bring a banner year for Mainstream. The number and quality of First Power's contracts, which are part of the acquisition, is impressive."
Hertzog continued, "Once the acquisition agreement is signed off, Mainstream will be able to take on solar projects from across the U.S. to the Caribbean. Our goal is to be an industry leading solar installation service provider."
For the first of the anticipated eight-contract deal, First Power will be utilizing American made products: Solar World AG, Inc. panels, Dynoraxx, Inc. racking systems, and Advanced Energy Industries, Inc inverters.
Hertzog said, "We believe that buying American-made solar products for their quality and reliability strengthens the U.S. economy and creates jobs, which is something America needs. Our suppliers are the best in the world and we are an American made company and proud of it."
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding our business, financial condition, results of operations and prospects as of the date of this release. These statements reflect the good faith judgment of management based on facts as we currently know them and are subject to risks and uncertainties; actual results and outcomes may differ materially from these results and outcomes. Readers are urged not to place undue reliance on these statements. We undertake no obligation to revise or update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of the press release. Risks are detailed in Mainstream's filings with the Securities and Exchange Commission may be obtained from the S.E.C. or its web site at www.sec.gov.
SOURCE First Power and Light, LLC