Solar Energy Initiatives (OTC:SNRY), with business in solar project development, announced last week that the Company has sold its Solar (EOS) Division for a note and assumption of defined debt. The EOS division is a technical training school for understanding the core concepts needed to install solar photovoltaic and thermal systems. As I write, shares of Solar Energy Initiatives are up slightly at $0.026 per share on moderate volume of just over 117,000 shares. The company has a market cap of $1.13 million and a 52-week range between $0.01 and $0.25 per share.
David Fann, CEO of Solar Energy Initiatives, Inc., stated, "With the sale of the EOS Division, the company will now streamline its business and focus on its growing pipeline of municipality projects through the SNRY Power Division."
Solar Energy Initiatives is a developer of solar photovoltaic installations. These services are provided through its wholly owned subsidiary, SNRY Power, who is a developer and manager of municipal and commercial scale solar projects.
For more information please visit
http://www.solarenergy-us.com/.
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