FOR IMMEDIATE RELEASE
Principal Solar Names Start-Up and Finance Expert to Board of Directors
Dallas, TX – January 18, 2012 — Principal Solar, Inc (PSI; OTC Pink: PSWW), a publicly traded renewable energy holding company rapidly advancing the inevitable, worldwide utilization of solar energy through a unique roll-up strategy, today announced the appointment of John R. Harris, a veteran in the Information Technology and Business Process Outsourcing industry with more than 35 years of experience in CEO and senior executive positions, to its Board of Directors.
“John is a key addition to our BOD, bringing deep finance expertise, experience in roll-up strategies and public Board proficiency,” says Michael Gorton, chief executive officer and chairman of PSI.
Currently, Mr. Harris is an operating partner and investor with GlendonTodd Capital, and CEO of Chemical Information Services, a leading provider of information services to the bulk chemical sourcing community. Prior to this he served as President and CEO of eTelecare Global Solutions, where the company doubled revenues and expanded operations around the world during his tenure. Previously, Mr. Harris was president and CEO of Seven World Wide, and CEO of several private equity-backed technology service companies. He also fulfilled a number of senior executive roles at Electronic Data Systems (EDS), where he made significant contributions to the growth of the company.
Harris states, “This will be an excellent opportunity to share my business and financial experience with the PSI team as we strive to build a global organization committed to preserving natural resources and protecting future generations. PSI has conceived an impressive business model that is grounded in solid practices and an aggressive, yet nimble, game plan.”
Mr. Harris graduated from the University of West Georgia with a B.B.A. and M.B.A., and is on the Board of Advisors to the Richardson School of Business. He has held Board positions with a number of public and private telecommunications and technology services companies.
About Principal Solar
Principal Solar, Inc (PSI; OTC Pink: PSWW) is a publicly traded renewable energy holding company rapidly advancing the inevitable, worldwide utilization of solar energy through a unique roll-up strategy. The company is building the world’s first online library dedicated exclusively to the field of solar energy – a 24-hour gateway to current information, perspectives and thought-leadership: www.definitivesolarlibrary.com. Visit www.PrincipalSolar.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors in the solar energy generating industry (market risk, government regulation, operational risks, etc.) that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. The Company does not assume a duty to update these forward-looking statements, except as required by law.
CPR for Principal Solar, Inc.