GoSolarUSA Announces Favorable Completion of PREE™ Due Diligence

GoSolarUSA, Inc. (PinkSheets:GSLO) announced today that the Company has completed its Due Diligence with PREE™ under an option announced on June 9th. PREE™ owns a breakthrough technology that uses wireless internet signals and solar energy to constantly keep Smartphones charged all of the time without having to be plugged in. After encountering a flood of inquiries regarding PREE™ product details, possible PREE™ distributorships and interest in investment, GSLO management decided to fast-track their deal with PREE™. The decision by management was disclosed to the public on June 11th.

The PREE™ technology is designed for use with a wide range of Smartphones, including Apple’s iPhone (NASDAQ: AAPL), Research in Motion’s Blackberry (NASDAQ: RIMM) and Google’s Android (NASDAQ: GOOG). GSLO is looking to invest in the Company as well as the development, delivery and marketing of the new PREE™ product line.

“We have applied the necessary resources to complete our Due Diligence process with PREE™ as quickly as possible without sacrificing accuracy,” stated Thomas Massey, President of GSLO. “Public response dictates that we move quickly and deliberately on this. I am very enthusiastic about the future of the PREE™ technology.”

Smartphone users often find that their batteries can’t keep up with power-hungry applications. A typical Smartphone battery will lose 5% to 10% of its life every hour. As a result, (before the PREE™) users had to plug their phones into a charger at least once a day or more. The PREE™ product is a device being configured to empower users to disconnect from the plug and go wireless for as long as they need to use their applications. This exciting device converts inbound wireless LAN waves and solar energy into an electrical charge powerful enough to keep the Smartphone charged.

Mobile phone accessories generate billions of dollars of revenue to manufacturers. GSLO is excited to be a part of bringing a new American technology to the market that can be used worldwide. The phone accessory market is projected to reach $80 billion by 2012. The company feels that this product has major market potential.

For more information on the Company see: www.GoSolarUSA.com.

About GoSolarUSA, Inc. (OTC: GSLO)

GoSolarUSA identifies and develops new solar energy technologies in the United Sates. Our motto is “Invent it here, Build it here and Sell it to the World!” While green technologies like wind and solar manufacture their products in China and Europe and import them to the U.S., we are focused on developing and manufacturing our products in the United States. We believe this not only creates high-quality jobs in America, but it insures the quality and availability of our products. GSLO is endeavoring to advance clean American solar technology to compete in an energy industry that includes stalwarts such as BP (NYSE: BP). GoSolarUSA is a US registered and reporting OTCQB market tier company.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contacts:

GoSolarUSA, Inc.
Thomas Massey, 504-599-5620
info@gosolarusa.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.