SOURCE: IDS Solar Technologies, Inc.
LAKE ELSINORE, CA--(Marketwire - Oct 31, 2012) - IDS Solar Technologies, Inc. (OTCQB: IDST) issued an Investor Update today. Since mid-September, IDS Solar Technologies, Inc. (IDS Solar) has been moving forward with its new business model of designing and manufacturing portable solar power stations that feature innovative storage and charge technology. With a new business direction, a new management team was appointed:
Bruce R. Knoblich is the Company's Chairman, President and Chief Executive Officer with 23 years experience in developing and operating a component-assembly based business with regional and national exposure. Having built a business from the beginning, Mr. Knoblich's experience in manufacturing, sales, and distribution provides the necessary skills to lead the Company, develop and lead a dynamic management team and bring the Company's product line to market.
Pamela J. McKeown is the Company's Chief Financial Officer and Corporate Secretary and Treasurer. Ms. McKeown has been responsible for developing and managing the financial operations for corporations with a specialty in customer relations, purchasing, inventory and credit management. The Company is very excited by the contribution Ms. McKeown's professional background will provide to the development and operations of the Company and its anticipated growth.
George Rodriguez is the Company's Vice President and is responsible for Production and Operations. Mr. Rodriguez has over 17 years' experience with a national leader in manufacturing and distribution and thus brings a very qualified ability to succeed with his new role and for him to lead the Company beyond its goals. Mr. Rodriguez is a graduate of Stanford University.
Anthony Hama, CPA is an independent member of the Board of Directors and heads up the Audit Committee. Mr. Hama is a real estate broker and experienced CFO with various nationally noted corporations and is a graduate of UCLA with a BA in Economics and a MBA from Cornell University. The Company is particularly excited about Mr. Hama's experience with corporate public finance and as a corporate auditor.
This team is leading the effort to design, manufacture, and distribute a family of leading edge portable solar power generators and other products. Beta testing has been completed with materials and standard production is now being staged for its first model. A family of models have been planned to meet various markets including consumers, businesses, government and emergency/disaster relief efforts. These solar generators will be targeted to meet various niches including recreational, home, building and trade, and military to name a few.
The Company looks forward to keeping shareholders and others updated in the coming weeks as the Company moves forward to release its first units and develops its technical advances in the delivery of portable solar power. To stay current on the Company's product information you can always visit their web site, www.IDSSolarTech.com.
The Company has issued recent 8-Ks on 09/19/2012 and on 10/15/2012 and encourages shareholders and others to review these published documents if they have not already done so as these reports can be very useful to learn more details about the Company and its various reportable activities. The Company's equity structure currently consists of 2,583,333 shares outstanding with no preferred issued at this time and little debt.
About IDS Solar Technologies, Inc.
IDS Solar Technologies, Inc. is dedicated to the design, development, and distribution of a family of portable solar-based power systems. Such products are intended to meet the needs of a wide range of users including consumers, businesses, government and emergency/disaster relief efforts worldwide.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.