Clear Skies Solar, Inc. (OTC Bulletin Board: CSKH) announced the sale of $700,000 of common stock, which together with prior debt and equity financings aggregates $1.6 million raised in the past 5 months.
The Company said it believes this latest investment will help fuel the growth curve anticipated by Clear Skies Solar (CSS). The group of investors was led by a "large publicly traded European solar energy firm," according to a press release.
"This cash investment is further evidence that the markets are opening up and investors are recognizing the competitive abilities of CSS. We have taken the company post market collapse and returned it to a healthier entity with a more aggressive business plan than originally designed. We have previously told our shareholders that we had the ability and the opportunities to grow and I am pleased to say we are beginning to deliver on that promise and believe that the best is yet to come," says Ezra Green, CEO of CSS.
Green continues, "With multiple contract opportunities being discussed, we hope to start growing rapidly in the near term. As we enter this new era of expected growth, we have structured the company to operate at a higher level of competitiveness. Since we believe our cost of execution is lower than many other companies our closing rate will be increasing while maintaining project profitability and quality."
Clear Skies Solar, Inc. (CSS) through its subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the U.S. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
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