ICP Solar Appoints New CFO and COO

ICP Solar Technologies Inc., a developer, manufacturer and marketer of solar panels and products, announced today that Sheldon Reinhart has been appointed Chief Financial Officer and Chief Operating Officer.

“Sheldon brings us a superb combination of skills, talent and a deep understanding of business fundamentals, operations and manufacturing,”. said Sass Peress, ICP Solar Chairman and Chief Executive Officer "We are glad to have him aboard and are confident that he will quickly become a key member of our team as he helps to strengthen our operations and oversees our financial affairs."

Mr. Reinhart has over 20 years of experience in both finance and technology. Most recently, he was the Chief Financial Officer for Strategy First Inc. a leading computer games publisher. Prior to that, he was the General Manager of Walpert Industries Ltd. and VP Finance for Paradox Security Systems. Mr. Reinhart began his career at RSM Richter, an independent auditing firm.

Mr. Reinhart received his Bachelor’s Degree and GDPA from McGill University and is a Chartered Accountant (CA).

He replaces Leon Assayag who left the company May 2, 2008 to pursue other interests.

About ICP Solar Technologies, Inc.

ICP Solar is a developer, manufacturer and marketer of solar panels and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design the Company aims to be the industry's innovation leader. For the past 19 years, ICP Solar has led the consumer market through innovation and has now begun to apply that same philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar is the North American licensee of the Coleman® brand in the solar charger category. The company’s headquarters are located in Montreal, Canada, with additional locations in the USA, Spain, Ireland and France.

Corporate information may be found at www.icpsolar.com

The forward-looking statements herein include, but are not limited to, the expected expansion of our solar solutions into Europe Middle East, Asia and Africa. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent SB-2 filing with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.

ICP Solar
Laurent Lafite, 514-270-5770
[email protected]

Source: ICP Solar Technologies Inc.
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