Here Enterprises Seeking Opportunities Within Thriving Solar Energy Market

SAN ANTONIO, June 24, 2011 /PRNewswire/ -- Here Enterprises, Inc. (Pink Sheets: HRTE), a growing developer of clean energy, is pursuing the acquisition of a Texas-based solar development firm with expertise in solar equipment and systems installation and evaluating the installation of solar arrays on its Cycle Ranch project in Floresville, Texas. Here Enterprises believes solar power can open up new revenue streams while enabling the Company to contribute clean energy to meet the nation's growing energy needs.  

According to a report from Solarbuzz Inc., planned solar photovoltaic (PV) cell manufacturing expansions will create $15.2 billion in revenue opportunity for PV equipment suppliers this year.  (Solarbuzz: $15.2 billion potential PV equipment market in 2011", April 2011)

In his 2011 State of the Union Address President Obama remarked: "Instead of subsidizing yesterday's energy, let's invest in tomorrow's." On April 5, 2011 the United States Department of Energy announced over $110 million in funding as part of the Sunshot Initiative to support the development and lower the costs of advanced solar photovoltaic (PV)-related manufacturing processes throughout the United States. Expanding the U.S. solar energy industry is an important part of the Administration's goals to diversify the nation's electricity supply and rebuild America's manufacturing base to create jobs. One of the aims of the Sunshot Initiative is to help the U.S. win the worldwide race to build a solar manufacturing industry that produces solar systems that are cost competitive with fossil fuels.

Propelled by a perfect storm of incentives, regulations and affordability, the U.S. solar market has the potential to double again in 2011, making it a contender for the world's largest solar market by 2015. This sector will be one of the most dynamic in the coming years, presenting attractive business opportunities. The global solar market stood at 17 GW by the end of 2010. (Renewable Energy World, "Huge Growth Expected for North American Solar Industry", May 2011)

Mark Ryun, CEO of Here Enterprises, commented: "With our Cycle Ranch wind project progressing from construction to implementation and race events in full swing on the property, Here Enterprises is excited to pursue additional avenues for the generation of alternative energy and the growth of the Company. Solar energy is a logical fit for our business strategy and we are eager to forge ahead."

Here Enterprises is executing a comprehensive alternative energy strategy. The Company completed the installation of wind turbines on its Cycle Ranch property, is targeting sales of commercial, industrial and residential wind turbine systems, and is considering the installation of solar arrays. Here Enterprises operates a motocross speedway on the Cycle Ranch site, leveraging the property's acreage and exposure for both clean energy generation and a growing commercial raceway business hosting nationally televised events.

About Here Enterprises Inc. (HRTE.PK)

Here Enterprises is a developer of wind power, our nation's fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HRTE has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect HRTE's current beliefs and are based upon information currently available to it.

Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the HRTE's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HRTE undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.

SOURCE Here Enterprises, Inc.