SEATTLE, Oct. 7 /PRNewswire-FirstCall/ -- Vu1 Corporation (OTC Bulletin Board: VUOC), a developer and manufacturer of mercury-free, energy-efficient, general illumination lighting technology, today announced that Bill Hamlin, a former The Home Depot (HD) senior executive and 30-year retail industry veteran, has been elected to its Board of Directors, effective immediately.
Prior to retiring from the company in 2000, Mr. Hamlin was Executive VP of Merchandising & Marketing and Group President of The Home Depot, Inc. During his tenure at The Home Depot, his influence in Strategic Planning, Marketing & Advertising, Distribution, Logistics and Worldwide Sourcing is acknowledged to have helped shape The Home Depot into the retail giant it is today. Mr. Hamlin also founded The PGA Tour Superstore, which comprises ten 'Big Box' concept stores of more than 60,000 square feet of golfing merchandise and an annual sales volume of over $100 Million. Mr. Hamlin is also the President of the Board of Trustees for the Leukemia & Lymphoma Society, Georgia Chapter.
In addition to Vu1's Board and executive management team drawing on Mr. Hamlin's 30 years of retail expertise, the Company has also engaged Integrated Sales Solutions (ISS), LLC, a specialist sales and marketing consulting business co-founded by Mr. Hamlin, to accelerate the introduction and adoption of Vu1's products into the hardware/home improvement, and club/mass market retail channels.
"We are delighted to have an executive of Bill's stature and experience joining Vu1's Board," commented Philip Styles, President and Chief Executive Officer. "His track record of success at The Home Depot and The PGA Tour Superstore clearly demonstrates his ability to identify and harness nascent market trends and a deep understanding of how best to satisfy customers' evolving needs. I look forward to working with Bill and the ISS team to deliver on the promise of our proven ESL lighting technology and to bring consumers an affordable, energy efficient and mercury-free light bulb."
"I have seen a number of new and innovative products during the course of my career, and I believe the potential for Vu1's unique lighting technology surpasses anything I've seen before," commented Bill Hamlin, Vu1 Board Member. "Vu1's lighting technology addresses an immediate consumer need for an affordable, clean, energy efficient light bulb that produces good light quality. It's a particularly timely opportunity because Vu1's R30 ESL™ bulb is a direct replacement for the 65W incandescent flood bulb and will therefore be able to fill the massive void left when the traditional incandescent light bulb is banned in the US in 2012. I am looking forward to working with Phil and the rest of the Board and management team to help capture the sizeable market opportunity before Vu1."
About Vu1 Corporation
Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally-friendly lighting solutions worldwide. Vu1 has developed a new, energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products.
Vu1's R30 ESL™ bulb is a direct replacement for the 65W incandescent flood bulb. It is virtually indistinguishable from the traditional incandescent lamp it replaces and, unlike compact fluorescent lamps (CFLs), is mercury-free. The Company's ESL™ Lighting Technology uses accelerated electrons to stimulate phosphor to create light, making the surface of the bulb "glow," providing natural light quality, energy efficiency and a long bulb life of 10,000 hours. More information about Vu1 is available at: www.Vu1.com. For product enquires please contact: Integrated Sales Solutions, 400 Galleria Parkway, Suite 1500, Atlanta, GA 30339 (678)385-5385.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain the necessary funding required for our operations, the future demonstration and commercial availability of our light bulb, independent testing laboratories certification results, timing for bulb production, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, the viability, pricing and acceptance of our products in the market.. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2009 and our other periodic reports as filed from time to time).
SOURCE Vu1 Corporation