Clear Skies Holdings Inc.
Clear Skies Solar Inc.:Clear Skies Group Appoints Tom Oliveri as President
Clear Skies Holdings Inc. / Change of Personnel Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Press Release Source: Clear Skies Group, Inc Thursday March 27, 6:00 am ET Business Veteran Will Bring 25 Years of Diverse Manufacturing and Management Expertise to Rapidly-Growing Solar Power Company NEW YORK- Clear Skies Solar, Inc. (OTCBB:CSKH - News) today announced the hiring of Tom Oliveri as President. 'We are pleased to have someone with such expertise in a wide range of manufacturing and business disciplines join our team,' said Clear Skies Solar CEO Ezra Green. 'Tom's experience spans a variety of industrial venues, from military electronics, healthcare and sports fitness to the gaming, vending and thermal industries. His proven ability to grow companies and increase shareholder value makes him invaluable to us.' Oliveri comes to Clear Skies Solar from Sulzer Metco, Inc., where he led high performance teams to expand the company's global markets by 10% and added 25% manufacturing capacity while maintaining the fixed overhead cost structure. Previously, as President and CEO of Global Payment Technologies, a publicly-traded company with an average $28 million in annual sales, Oliveri successfully reduced operating costs in excess of $2 million annualized while he focused on business stabilization, revitalizing sales, broadening the customer base and seeking out strategic partners to increase shareholder value. Oliveri holds both a Bachelor and Master of Science degrees from the State University of New York. 'I am thrilled to be joining a growing company like the Clear Skies Solar,' said Oliveri. 'Clear Skies has already seen great success in providing turnkey solar energy solutions to businesses and commercial builders nationwide as well as with the recent launch of their unique technology products for the solar industry. I look forward to building upon such successes and growing both Clear Skies Solar's core business and developing new business opportunities for the company.' Clear Skies Solar is a leading developer of solar products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic (PV) solar systems and residential systems. About Clear Skies Group Clear Skies Solar, Inc. through its wholly owned subsidiary, Clear Skies Group, Inc. ('CSG'), provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. For more information about CSG, visit www.ClearSkiesGroup.com. Forward-Looking Statement Disclaimer Statements in this press release that are not statements of historical or current fact constitute 'forward-looking statements.' Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as 'believes,' 'belief,' 'expects,' 'expect,' 'intends,' 'intend,' 'anticipate,' 'anticipates,' 'plans,' 'plan,' to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission. Contacts: Clear Skies Group Media Inquiries: Laura Finlayson, 201-488-0049 laura@avalanchepr.com or PR Financial Marketing Investor Relations: Jim Blackman, 713-256-0369 jim@prfmonline.com 27.03.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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