Solar Energy Initiatives, Inc. Appoints New Board Members

PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that it has appointed Mr. Harold Gear and Mr. Everett Airington to its Board of Directors.

Mr. Harold Gear has more than 20 years of investing experience, specifically in oil and gas projects as well as a diverse background in the development of multiple alternative energy projects. Mr. Gear was one of the initial investors in Green Hunter Energy, Inc., a leading public company focused exclusively on green solutions including biomass and wind generation, as well as having the largest bio diesel refinery in America.

Mr. Everett Airington has over 40 years of investing experience in the energy sector. These financings have been with both small and large established energy companies. For the last 15 years he has been a key executive of the Investment Banking Firm of RBC Capital Markets. Currently, Mr. Airington is a Senior Vice President with Milkey Ferguson Investments Inc.

“The additions of both Mr. Gear and Mr. Airington greatly enhance the capabilities of our Board of Directors as we continue to increase our market share in the rapidly growing solar industry,” stated Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. “Their extensive knowledge and experience in both public markets and the renewable energy sectors make them valuable additions to our board as we continue to create value for our shareholders. Both of our new Directors have the contacts to bring investment dollars and established industry relationships to our company.”

The additions of Mr. Gear and Mr. Airington along with the attraction of additional investors will greatly enhance the capabilities of Solar Energy Initiatives to execute on the Company’s strategic dealer network. The new board members strong knowledge of the renewable energy sector will also provide a larger platform for the Company to capitalize on its distribution agreements with BP Solar (NYSE:BP) and GE Solar (NYSE:GE). This allows Solar Energy Initiatives to be competitive from a pricing standpoint with larger solar companies.