For Immediate Release:
November 11, 1997
Contact:
James Stanley (612) 441-3440
James Kantorowicz (612) 441-3440
Elk River, Minn. (November 11, 1997) -- SolarAttic, Inc. announced today that it has filed a direct public offering (DPO) under the SCOR program in 14 states. SCOR is an acronym for small corporate offering registration. The Company is offering up to 200,000 shares of common stock at $5.00 per share for a maximum offering of $1,000,000. There is no minimum offering amount the company seeks to reach. There is, however, a minimum investment of $3,000 that is required. Proceeds will be used to expand the company's operations which are now focused on sales and manufacturing.
Stock is only available directly from SolarAttic. All DPO registration documents, including the company's Prospectus, will be placed on the company's web site for downloading. Ed Palmer, the company's president, will be handling the stock offering for the company. The states filed in are: Arizona, California, Colorado, Connecticut, Georgia, Illinois, Indiana, Kansas, Michigan, Iowa, Missouri, New Jersey, Rhode Island and Wisconsin.**
The company has filed under a limited offering exemption in Arizona and Colorado which has no approvals and allows accredited investors only to invest after a 10 day waiting period. In California, the company has adopted super suitability requirements (similar to accredited investor requirements).
Additional information can be obtained on the Internet at http://www.solarattic.com or by contacting Jim Stanley or James Kantorowicz at (612) 441-3440.
** This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
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