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Atlantic Wind and Solar Corp
 
 

Atlantic Wind & Solar Declares Dividend

Press Release
Source: Atlantic Wind & Solar Inc.
On Tuesday June 01, 2010

TORONTO--(Marketwire - 06/01/10) - Atlantic Wind & Solar Inc. (Pinksheets:AWSL - News) is pleased to announce the board has approved a Non-Transferable, Restricted stock dividend.

AWSL Board Declares Dividend

AWS shareholders of record on July 6th, 2010 will receive 1 (One) Restricted Non-Transferable Common share for every 4 (Four) shares held.

The Dividend will be paid on September 9th, 2010. Shareholders of Record who hold their shares in certificate form will receive their shares by mail. Shareholders who hold their shares in a brokerage account will receive their shares automatically through their broker.

Non-Transferable Shares

The Non-Transferable Restricted shares will have normal voting rights and, despite being Non-Transferable, the shares will entitle the holder to potential future stock and cash dividends, spin-offs, and distributions of consideration in the event of a buy-out or Merger that cause the cancellation back to treasury. However in no circumstances can the shares be sold, transferred, pledged or hypothecated.

AWSL... Poised for Growth

The acceleration of increased interest, financing, and other developments in the past few months augurs well for Atlantic Wind and Solar's business and overall growth in 2010. The Company intends to further expand in 2010 through strategically targeted acquisitions and potential expansion to offshore Renewable Energy markets. AWSL management is optimistic that the progress achieved over the past 12-18 months in establishing the Company as a leading developer in the Ontario Renewable Energy market has positioned Atlantic Wind and Solar for rapid growth and enhancement of shareholder value in the foreseeable future.

Sales and Marketing Contacts

Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the Province of Ontario, Canada, and for which they are interested in possibly leasing to AWSL, are invited to contact Mr. Charles Mazzacato +1 800 891 1657 ext. 230.

All other Renewable Energy system inquiries are asked to phone +1 416 900-0380 or email info@atlanticwindandsolar.com

For further corporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com

Disclaimer:

Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

 

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