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Solar Wishes to Update Its Shareholders
VANCOUVER, British Columbia--(BUSINESS WIRE)--Solar Energy Limited
(OTCBB:SLRE) (Solar) today wishes to update its shareholders as to current
activities.
The original business of Solar was to develop energy systems that were not
only commercially viable but environmentally friendly. Once a viable, clean
energy source was developed, it could be used to solve water and pollution
problems along with the ever-increasing energy problem.
Two years ago, Solar acquired 100% of two private companies: D2Fusion, Inc.
and Planktos, Inc. As these two companies appeared to be strategically more
opportune in todays global market, Solar inventoried its past R&D projects,
except for its investment in Solarec (Solar reduction of CO2 to produce a
fuel with green electricity as a byproduct).
Solar is leveraging its holdings in the latter two core technologies by
agreeing to have both Planktos, Inc. and D2Fusion, Inc. be acquired via a
Reverse Take Over by two separate public companies.
Planktos Corp (OTCBB:PLKT) will shortly complete the acquisition of
Planktos, Inc. and Enwin Resources, Inc. (OTCBB:ENWN) will shortly be
acquiring D2Fusion, Inc. Enwin will be changing its name to D2 Fusion Corp
as has already been announced.
Solar had found it difficult to fund the R&D activities of a basketof
technologies and, by separating the technologies into the different public
companies, has made it easier to raise the necessary ongoing working
capital without dilution to Solar.
In summary, by mid-July 2007, the assets of Solar will be:
* 45,000,000 shares of Planktos Corp (PLKT)
* 30,000,000 shares of Enwin Resources, Inc. (ENWN) (soon to be
D2Fusion Corp)
* 100% of Renewable Energy Limited (which has its interest in Solarec)
* Miscellaneous related R&D (water, energy, engine technology) focused
on photovoltaic (PV) systems.
Current operations of Planktos, Inc. can be viewed on:
<http://www.planktos.com>www.planktos.com, D2Fusion, Inc. on:
<http://www.d2fusion.com>www.d2fusion.com.
