TSSP Trendsetter Solar Products Inc (CE)

TrendSetter Solar Products (Pink Sheets: TSSP) today announced that the Company has successfully completed a contract for the sale of solar hot water heating equipment to a commercial project in San Diego, California. The commercial one hundred forty-nine unit apartment complex is being retrofitted with the TrendSetter hot water heating systems as part of the California Solar Initiative pilot program being implemented by the California Center for Sustainable Energy (CCSE). On this contract, TrendSetter�s systems are the first to be approved for rebates for a commercial project in the state of California, and will be used as a case study for future projects as the State decides how to issue rebate for both the CSI and the recent approved Assembly Bill 1470, The Solar Water and Heating Efficiency Act (AB 1470 - Huffman) authored by Assembly member Jared Huffman. AB 1470 will put $250 million into rebates for solar hot water over a ten year period starting after the pilot program is completed and the results have yielded a working plan. TrendSetter CEO Dirk Atkinson stated, �This landmark first for TrendSetter, now proves that TrendSetter can deliver on large commercial projects and our systems are designed to lead the solar thermal industry in California. TrendSetter looks forward to a large share of this market as it develops and matures.� TrendSetter Solar Products, Inc. had previously announced in September of 2007 that they had signed contracts to supply solar hot water systems to this one hundred forty-nine unit, eleven building, apartment building complex under private ownership in San Diego. The value of this equipment only contract is $147,800.00 and will entitle the owner to approximately $31,500.00 in rebates and approximately $63,000.00 in Federal Tax Credits after installation costs are added of approximately $95,000.00. The California Solar Initiative (CSI) has authorized $1,500,000 for the Solar Water Heating Pilot Program (SWHPP) which is intended set the guidelines for future benefits to California residents and businesses who wish to add solar water heating to their buildings. The pilot program currently is providing incentives to business and customers who install qualifying solar water heating systems in San Diego, California. The California Center for Sustainable Energy (CCSE) is administering the program. For more information on the CSI Solar Water Heating Pilot Program visit the CCSE website: www.sdreo.org/. About TrendSetter Solar Products TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial market. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program. A standard residential hot water heater emits approximately one and a half tons of carbon dioxide and carbon monoxide into the atmosphere. TrendSetter's solar hot water heating and storage systems are emissions free. As global warming and alternate and renewable energies become more of a concern, TrendSetter's products are one of the answers. Additional information can be seen at the Company's website www.trendsetterindustries.com. Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.