Quantum Solar Power Hires the Strategic Media Relations Firm Vorticom Inc.
30 Junho 2011 - 5:35PM
Marketwired
Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW) is pleased to
announce it has retained the public relations company Vorticom Inc.
("Vorticom"). Vorticom will work with Quantum to increase the
company's media exposure within North America.
Under the terms of the Agreement, Vorticom has agreed to provide
Quantum with public relations services within print, electronic and
broadcast media and with other communication activities. The
Agreement is effective July 5, 2011 and is for a term of 12 months.
In consideration of Vorticom's business advisory services, Quantum
will pay $5,625 USD per month and grant 1,875 warrants (the
"Warrants") each month, to purchase shares of Quantum's common
stock at an exercise price of $1.00 until the earlier of July 5,
2012 or the termination of the Agreement. The Warrants are to be
issued quarterly. Quantum has agreed to reimburse Vorticom for
applicable out-of-pocket expenses and may cancel the Agreement at
any time by providing 30 days notice. The Warrants and any shares
issued on exercise of the Warrants will be issued pursuant to the
provisions of Rule 506 of Regulation D of the Act. Vorticom
represented that it was an accredited investor as defined under
Regulation D.
Quantum's CEO Daryl Ehrmantraut stated, "Our goal is to leverage
Vorticom's media placement experience to increase Quantum's public
exposure. Vorticom will work with our Director of Marketing, Erik
Cathcart to implement the next stage of Quantum's marketing and
communications strategy. The timing is now right for those
interested in renewable energy to learn about Quantum's novel and
disruptive technological approach to solar power generation."
About Quantum Solar Power Corp. Quantum
Solar Power Corp. is developing a "Next Generation Device" (NGD™)
photovoltaic technology. Quantum's NGD™ is a patent pending,
laboratory model that utilizes a new approach to solar power
conversion with the potential to remove the necessity of utilizing
expensive silicon semiconductor-based technologies. We believe
Quantum's NGD™ technology has the potential to match the efficiency
of crystalline silicon PV at the cost of thin film PV. The
anticipated NGD™ technology is free of any rare element
dependencies found in other current solar technologies. We believe
Quantum has the potential to create solar cells (through
manufacturing partnerships) at significantly less cost per watt
than current technologies. Quantum Solar Power has offices in the
U.S. and Canada and can be found on the web at:
www.quantumsp.com
About Vorticom Inc. Vorticom Inc.
(www.vorticom.com) is an award winning New York public relations
firm that specializes in generating high impact strategic media
placements for their clients. Vorticom is an independent firm that
specializes in private and listed companies that are Micro, Small
and Mid-Cap size. Vorticom's president, Nancy Tamosaitis is a
published author of four popular books on Internet communications,
and has extensive experience securing national and international
media visibility for Fortune 500 and emerging companies.
Forward-Looking Statements This news
release contains forward-looking statements regarding future events
and Quantum's future results that are subject to the safe harbors
created under the Securities Act of 1933 (the "Securities Act") and
the Securities Exchange Act of 1934 (the "Exchange Act") and
constitute "forward looking information" within the meaning of U.S.
securities laws. These statements include statements about
Quantum's planned technological development plan and are based on
material factors and assumptions including Quantum's management's
current expectations, estimates, forecasts, and projections about
the industry in which Quantum operates and the beliefs and
assumptions of Quantum's management. Words such as "expects,"
"anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," "continues," "may," variations of
such words, and similar expressions, are intended to identify such
forward-looking statements. In addition, any statements that refer
to projections of Quantum's future financial performance, Quantum's
anticipated growth and potentials in its business and other
characterizations of future events or circumstances are
forward-looking statements. Readers are cautioned that these
forward-looking statements are only predictions and are subject to
risks, uncertainties, and assumptions that are difficult to
predict, including the risk that Quantum's technological
development plan may not be successful, and those risks identified
in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter
ended March 30, 2011. Therefore, actual results may differ
materially and adversely from those expressed in any
forward-looking statements. Quantum undertakes no obligation to
revise or update any forward-looking statements for any reason.
Contact: Erik Cathcart Media Relations Contact Quantum Solar
Power Corp. media@quantumsp.com +1 (503) 310-9138
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