CLEARWATER, Fla., July 1, 2011 (GLOBE NEWSWIRE) -- ALAS International Holdings, Inc. today announced that they signed an agreement with Green Solar, a Florida corporation, for exclusive manufacturing rights to produce their new patents-applied-for solar panels.
Edwin Salmon, ALAS CEO, stated, "We can begin manufacturing the solar panels without adding additional personnel. We have experienced people that have an extensive background working with carbon fiber fabrication. We will follow up with additional information next week."
About ALAS International Holdings, Inc.:
ALAS International Holdings, Inc., a Nevada corporation, is an international project financing and holding investment corporation, which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. (http://www.redtidedefense.com/">http://www.redtidedefense.com/) which is a manufacturer of UAV (Unmanned Aerial Vehicles. The Company is looking to grow both organically and through strategic acquisitions.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.