Evolution Solar to Establish New Subsidiary in Bermuda

Evolution Solar Corp. (PinkSheets:EVSO) announced today that Company Management initiated the process of formally establishing a new subsidiary in Bermuda, a step necessary for meeting contractual eligibility requirements under Bermuda law. The company is aggressively seeking to capture opportunities that will be created as a result of the Bermuda Government Solar Photovoltaic Rebate Initiative for residential users.

The Bermuda Government desires to move financially and environmentally from current fossil-fuel supplies to non-fossil fuel based energy. Evolution Solar wants to play an important role in assisting in the reduction of dependency on these expensive oil imports. “We feel very confident that we are undertaking the moves necessary to reap the lucrative future certainties from the Bermuda solar marketplace - from large multi-acre solar farm construction to numerous residential upgrades and the supply and distribution of solar panels,” said Robert Hines, President of Evolution Solar.

The alternative energy industry is expected to sustain strong international growth, which should enable Evolution Solar to create a competitive niche with larger industry players such as First Solar, Inc. (NASDAQ:FSLR), GT Solar Int. (NASDAQ:SOLR) and Trina Solar LTD (NYSE:TSL).