Solar Energy Initiatives, Inc., with businesses in solar project development, distribution and workforce training, announced the confirmation of the record date for the future distribution of Solar Park Initiatives shares. All Solar Energy Initiatives' shareholders as of market close on October 29, 2010 will receive one share of Solar Park Initiatives for every two shares of Solar Energy Initiatives that they own.
The distribution will be effectuated after a Registration Statement filing covering the SOPV shares are deemed effective by the Securities & Exchange Commission ("SEC"). Solar Park Initiatives will file the registration statement as soon as possible.
A registration statement relating to these securities will be filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.