29.3.2007: Meldung: Akeena Solar Establishes Advisory Board

Akeena Solar, Inc., a leading designer and installer of solar power systems, announced the formation of its advisory board with the appointment of Joe Abrams, consultant, and Steve Westly, CEO and founder of The Westly Group. The board was created to counsel management on a wide range of strategic and market place issues, including business development and growth as well as economic, political and cultural initiatives.

Barry Cinnamon, CEO of Akeena, said, "We are privileged to have such experienced and highly esteemed individuals on our advisory board. Steve will be a tremendous asset as we work to grow our business and take advantage of the explosive growth in the solar industry. His relationships and in depth knowledge of the clean tech industry will aid in the expansion of our business and penetration of new territories. Joe has been an Akeena supporter since our founding, providing solid operational and financial guidance."

Steve Westly is founder of The Westly Group, which helps entrepreneurs build great companies in clean technology. Previously he served as controller and chief fiscal officer of the state of California. As controller, he chaired the State Lands Commission and served on 63 other boards and commissions, including CalPERS and CalSTRS, the nation"s two largest public pension funds. He also led an effort to commit more than $1 billion to clean technology investments. Westly began his career in Washington, D.C., where he worked first on Capitol Hill and later in the Office of Conservation and Solar at the U.S. Department of Energy. Westly then returned to California to become special assistant to the president of the California Public Utilities Commission. While there, he published two books on alternative energy and the utilities.

Joe Abrams specializes in working with small technology companies to build shareholder value in the public markets. Over the past 12 years, he has worked with numerous companies to build businesses, raise capital and gain liquidity. As a direct result of his efforts, he has completed merger and acquisition transactions in excess of $1 billion and small cap market equity raises in excess of $200 million. Abrams co-founded Intermix in 1998, the predecessor company to MySpace, which was sold to News Corp. in 2005 for $580 million. In 1983, Abrams co-founded The Software Toolworks, Inc., a publicly held developer, publisher, and distributor of educational and entertainment software, which was sold to Pearson, Plc. in 1994 for $462 million.

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar"s (OTCBB:AKNS - News) philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar"s website at www.akeena.net.

Safe Harbor

Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans" "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.


Contact:
Akeena Solar, Inc.
Barry Cinnamon, 888-253-3628
bcinnamon@akeena.net

Source: Akeena Solar, Inc.
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