Solar Thin Films, Inc. Discusses 2011
17 Maggio 2011 - 2:00PM
Marketwired
Solar Thin Films, Inc. (PINKSHEETS: SLTZ) reflects on the present
year and changes moving forward.
Solar Thin Films, Inc. (the "Company") has changed its business
from its discontinued operations with respect to the sale of
turnkey factories for the production of thin film solar modules to
concentrate on establishing, financing, managing and syndicating
solar farms as power projects both domestically and
internationally. The Company plans to change the name of Solar Thin
Films, Inc. to one which better defines its new direction.
Solar Thin Films, Inc. is presently in preliminary negotiations
on projects both domestically and internationally and should have
additional updates in the near term.
Though the Company is required to file quarterly and annual
reports with the SEC, it is delinquent in its annual report for the
year ended December 31, 2010 and its quarterly report for the
period ending March 31, 2011. Accordingly, the information
contained in existing SEC filings is not a fair and accurate
representation of the Company's business and/or finances.
The Company has debts which are in default. Management has
spoken to most of its creditors and believes that it will be able
to convert such outstanding debts into common stock of the Company.
In addition to these defaulted debts, the Company has one lawsuit
pending against it.
About Solar Thin Films, Inc.
Solar Thin Films, Inc. (PINKSHEETS: SLTZ) was formerly engaged
in the manufacturing of solar module production equipment and
turn-key amorphous silicon module factories. The Company is now
seeking to establish itself as an international developer and
syndicator of solar power projects.
Forward-Looking Statements Forward-looking statements are based
upon the beliefs of our management, as well as assumptions made by
and information currently available to our management. When used in
this press release, the words "estimate," "project," "believe,"
"anticipate," "intend," "expect" and similar expressions are
intended to identify forward-looking statements. These statements
reflect our current views with respect to future events and are
subject to risks and uncertainties which may cause our actual
results to differ materially from those contemplated in our
forward-looking statements. We caution you not to place undue
reliance upon such forward-looking statements, as our results could
differ materially from those anticipated in these forward-looking
statements as a result of certain factors. Any such statements are
representative only as of the date of this press release. We do not
undertake any obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances
subsequent to the date of this press release or to reflect the
occurrence of unanticipated events.
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