Scottsdale, Arizona 9/30/2008 1:16:24 AM
News / Finance

China Solar & Clean Energy Solutions, Inc. (CSOL.OB) is Now Sole Supplier for Large Solar Water-Heating Housing Project

www.QualityStocks.Net would like to highlight China Solar & Clean Energy Solutions, Inc. (OTCBB: CSOL). The company operates through its wholly owned subsidiaries Bazhou Deli Solar Energy Heating Co. Ltd. ("Deli Solar (Bazhou)"), Beijing Deli Solar Technology Development Co., Ltd. and its 51% ownership in Tianjin Huaneng Group, all located in the PRC. The Company manufactures and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems.

 

In the company’s news Friday,

 

China Solar & Clean Solutions Energy, Inc. announced it has recently signed a contract, worth $3.5 million, to be the sole supplier of solar water heating systems to the Overseas Chinese Village in Shenzhen City. The contract was awarded July 1 to CSOL’s subsidiary, Shenzhen Peng Sang Pu Solar Energy Company, to supply and install its solar water-heating systems throughout the residential area.

“We are very pleased to have won this contract,” said Du Deli, CEO of China Solar & Clean Solutions Energy, Inc. “Despite bids from numerous competitors, we won the contract due to our strong reputation among Chinese solar energy experts… We will continue to pursue similar projects and expect to win more bids in the future.”

The Overseas Chinese Village is a residential community that spans more than 125 acres and 22 high-rise buildings. The Village is the largest residential project in China to rely completely on solar-heated water, a company news release states.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.