BRIDGEPORT, Pa., March 31, 2014 (GLOBE NEWSWIRE) — via PRWEB – First Power and Light, Inc. (VOLT) announced today that it is opening a sales and distribution hub in Phoenix, AZ to supply wholesale solar panels to the booming West Coast solar market. With California, New Mexico and Arizona representing over 75% of U.S. solar demand, VOLT believes with this new location it be will strategically positioned to capitalize on this valuable market that is valued at over $10 Billion.
With the U.S. solar market expected to grow over 20% in 2014, VOLT wants to position itself to satisfy that demand for wholesale solar panels while generating strong revenues for the company. VOLT’s Phoenix hub will have sufficient office and warehouse facilities to support the marketing, shipment and distribution of monthly multi-megawatt solar panel orders. To manage the expected panel volume, the Phoenix hub will be home to a team of sales and shipping personnel. Through its wholesale discount panel pricing and streamlined shipping and logistics platform, VOLT intends for its Phoenix operations to become one of the leading solar panel distribution hubs on the West Coast.
The Company is undergoing a name change to VOLT Solar Systems, Inc., which should be effective April 11, 2014. As part of VOLT’s name change and its national expansion efforts, the Company is unveiling a new website: http://www.VoltSolarSystems.com.
The opening of this Phoenix hub is a key step in VOLT’s national expansion plan, which includes opening future hubs in Los Angeles, CA and Houston, TX. As part of its expansion efforts, VOLT is actively seeking out strategic opportunities to acquire competing wholesale solar panel distributors. VOLT firmly believes that its wholesale panel distribution operation and national expansion strategy will result in record revenues and a breakout year in 2014.
For questions, please contact Malcolm Adler, President CEO at (610) 292-0909.
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words “anticipate,” “believe,” “estimate,” “plan,” “intend” and “expect” and similar expressions, as they relate to First Power and Light, Inc., Volt Solar Systems, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company’s periodic reports and other filings made with the SEC, including its Annual Report for the year ending September 30, 2013, filed on Form 10K. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.
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