Shaka Announces Contract to Install Solar Systems in Florida Schools

UNION, N.J., Dec. 6, 2011 /PRNewswire/ -- SHAKA (OTCPK: SHKZ), a leading globalization and corporate strategies firm focusing on renewable energy, announced today that the Company has entered into the final stages of an agreement with Vergona – Bowersox Electric, a Boca Raton-based corporation. According to the terms of the contract, Shaka will install 10-kilowatt solar systems in various schools throughout Florida as part of the Florida Solar Energy Center (FSEC) and Department of Energy (DOE) SunSmart E-Shelter Program. Vergona – Bowersox was awarded $8,000,000 for this project earlier this year, and has recently finalized the planning phase of the contract and is moving forward with executing on the installation phase. 

"We are pleased to be commencing on the final contract stages for installation and project management with the Classic Solar/Shaka team," said Mike Vergona, Jr, Vice President of Vergona-Bowersox.  "By adding the expertise that Classic Solar/Shaka offers to our existing installation and project management infrastructure, we expect to finish installations at the remaining schools in the SunSmart project within the next ninety days," Mr. Vergona added.

James Scott, CEO of Shaka stated, "We are excited to be joining the Vergona-Bowersox team on this worthy project, and we are looking forward to continuing our relationship with them far beyond the SunSmart project. As we continue to develop our solar market in the Eastern US, we are proud to say that we have aligned ourselves with an experienced and dedicated engineering firm that can provide many of our engineering needs in this region."

Consistent with the Company's previous announcements, Shaka is continuing on the path to build one of the largest sales and installation companies in the country, specializing in cutting-edge methods of reducing energy consumption in homes and commercial buildings. "We are rapidly moving forward with the execution of our business plan. Our executive team is preparing to open additional sales and installation offices in Florida, Maryland, Texas and Arizona in the very near future through additional acquisitions, as well as expanding our existing offices.  The success that we have seen in such a short amount of time allows me to say with confidence that we fully expect to be profitable in the first quarter of 2012 and create the value that our shareholders deserve," Mr Scott went on to say. 

About Shaka
Shaka is comprised of globalization and corporate strategies consultants whose global reach can optimize and expedite powerful end-results with M&A, Global Alliance Building and Political Strategies. Shaka's diversified contact portfolio encompasses both International Economic and Legislative to open dialogue at any level and achieve the goals set forth by your Board of Directors, C-level staff or sole proprietor entrepreneur. Shaka has the experience and alliances to take companies to the next level in IPO, International expansion or full corporate structuring.

New Jersey Office – 1767 Route 22 West, Union NJ, 07083

Georgia Office – 2440 Sandy Plains Rd, Bldg. 20, Ste. 400, Marietta, GA, 30006

About Vergona Bowersox

VB Engineering, Inc. (www.vbengineering.com) provides professional solar design services for commercial, residential, and off-grid projects and has extensive experience designing hurricane-resistant and code-compliant photovoltaic (PV) systems.  Vergona-Bowersox Electric, Inc. VB Engineering parent company is a state-licensed electrical contractor with over 30 years of experience serving the south Florida area.  Their PV installation team, led by Michael Vergona, is capable of providing turnkey solutions for residential, small commercial, government, and utility projects.

About The Florida Solar Energy Center (FSEC)

The mission of the Florida Solar Energy Center (http://www.fsec.ucf.edu/en/about/index.htm) is to research and develop energy technologies that enhance Florida's and the nation's economy and environment and to educate the public, students and practitioners on the results of the research.

The Florida Solar Energy Center (FSEC) was created by the Florida Legislature in 1975 to serve as the state's energy research institute. The main responsibilities of the center are to conduct research, test and certify solar systems and develop education programs.

As Florida's energy research institute — with a 35-year history of unique expertise, experience and infrastructure — they are leading research and development efforts to bring their vision of Energy Independence to fruition.

Safe Harbor Statement

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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact and Inquiries

Michael Irving
Investor Relations
Paramount Advisors, LLC
T: 407-878-5462
E: [email protected]

SOURCE Shaka