Source: Atlantic Wind & Solar Inc
On Thursday June 24, 2010
TORONTO--(Marketwire - 06/24/10) - Atlantic Wind & Solar Inc. (Pinksheets:AWSL - News) is pleased to confirm that the record and payment dates for the non-transferable dividend will officially proceed as planned.
As previously announced, AWSL shareholders of record on July 6th, 2010 will receive 1 (One) Restricted Non-Transferable Common share for every 4 (Four) shares held.
The Dividend will be paid on September 9th, 2010. Shareholders of Record who hold their shares in certificate form will receive their shares by mail. Shareholders who hold their shares in a brokerage account will receive their shares automatically through their broker.
AWSL issued a previous dividend in October 2009 which was paid in Jan 2010. These shares remain restricted until the company becomes fully SEC reporting or a registration statement becomes effective. However, holders of these previous dividend shares will qualify to receive the new dividend on these shares as well as on any non-restricted shares that are held.
AWSL management is pleased to have found an unconventional way to reward the corporation's long-term supporters and shareholders. The "non-transferable" clause means the dividend shares represent a near-permanent reward for shareholders of record on July 6, 2010.
These shareholders will participate in the associated benefits of long term ownership, such as potential future cash and stock dividends.
While these new dividend shares cannot be transferred, or sold in general, they are very much part of the corporation's ownership, such that these new dividend shareholders will also greatly benefit from any future mergers, acquisitions, or corporate sale.
AWSL... Poised for Growth
Through focused management, strategic alliances, and advanced technologies Atlantic Wind & Solar Inc. is poised for growth at the forefront of the massive global shift towards environmentally friendly, economical Renewable Energy. The Company is working with parties in the Real Estate sector in Ontario to secure rooftop leases suitable for AWSL's photovoltaic (PV) renewable energy systems.
As powerful new Renewable Energy incentives, such as friendly tax treatments, grants and generous government feed-in-tariffs, are introduced in the Americas and abroad, AWSL plans on fully leveraging its relationships, business model and advanced technologies to capture a significant share of these dynamic emerging markets.
Sales and Marketing Contacts
Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the Province of Ontario, Canada, and for which they are interested in possibly leasing to AWSL, are invited to contact Mr. Charles Mazzacato +1 800 891 1657 ext. 230.
All other Renewable Energy system inquiries are asked to phone +1 416 900-0380 or email
For further corporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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