WALNUT, Calif., Sept. 15 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board:SSOL.ob - News), a leading solar power technology and solar system integration company, today announces its revenue outlook for 2010 and 2011.
For 2010, Sunvalley Solar forecasts revenue in the range of $5.5 million to $6.0 million. That would be an increase of 25% to 36% over 2009's net sales of $4.4 million, reflecting the continued strong demand for their solar power solutions.
For 2011, Sunvalley Solar anticipates revenue in the range of $8.0 million to $10.0 million. That would be an increase of 39% to 73% over the midpoint guidance forecast for 2010. The increase is attributed to recently announced commercial solar installation contracts as well as a strong sales pipeline.
"We continue to see strong increasing demand for our solar power system solutions and expect that both 2010 and 2011 will be record revenue years," said James Zhang, CEO of Sunvalley Solar. "With our well-established partnerships with leading manufacturers such as Canadian Solar Inc., CEEG SST, TianWei Solarfilms and PV Powered we will provide solar system solutions with extraordinary quality at tremendously competitive prices to our customers."
About Sunvalley Solar Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipment, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities. Clients are assisted in lowering utility bills, reducing environmental impact, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon footprint by offering alternatives to traditional energy sources in the form of renewable energy resources such as solar - the nation's mainstream source of renewable power.
To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
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