Vancouver, Canada, May 7th, 2018 – Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR) is pleased to announce the addition of Anton Shihoff to the Company’s board of directors. Mr. Shihoff is an energy finance veteran specialising in renewables and energy technology. He manages at a wide range of investments from venture-stage to large project financings through Altostrata Energy a private investment vehicle. He sits on the boards of a number of his portfolio companies and is also a Trustee to the registered UK Charity: Peaceful Change Initiative.
Mr. Shihoff replaces Michael Clark on the board of directors, who has been appointed Chief Operating Officer of the Company. The Company also announces that Alan Fleishman is leaving the Company to pursue other opportunities.
“Mr. Shihoff is an experienced renewable energy finance and project development professional who will strengthen our board and I am pleased to welcome him to the team,” said Chairman and CEO Jason Bak. “Adding someone with his credentials to the board will open up new opportunities for Solar Alliance. I would also like to thank Mr. Clark for his contributions to the board over the last year. As our Chief Operating Officer, he will be focused on delivering increased revenue from our growing solar project pipeline and developing our innovative digital approach to residential solar sales.”
The Company also announces it has granted 500,000 stock options to Mr. Shihoff. The options have a term of 5 years and an exercise price of $0.08 per share. The options were granted under the Company’s Stock Option Plan and are part of the Company’s long-term incentive/retention plan for employees and directors.
Jason Bak, Chairman and CEO
About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an international energy solutions provider focused on residential, commercial and industrial solar installations. The Company is licensed to operate in California, Tennessee, North/South Carolina and Kentucky and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed wind and solar projects that provide enough electricity to power 150,000 homes. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Our passion is improving life through ingenuity, simplicity and freedom of choice. We make solar simple and our goal is to install solar on every available rooftop in America.
Statements in this news release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.
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