For Immediate Release:
October 19, 1998
Contact:
James Kantorowicz (612) 441-3440
Elk River, MN. (October 19, 1998) -- SolarAttic, Inc. announced today that it will lower its minimum investment for small investors from 600 down to 100 shares. The decision to lower the minimum to 100 shares came after investors requested this opportunity.
SolarAttic is currently undergoing a direct public stock offering. The company expects to raise up to $1,000,000 through the sale of 200,000 shares of its common stock. SolarAttic's SCOR Offering is fully registered in Connecticut, Iowa, New Jersey and Rhode Island where any investor can invest. In California, it is registered under a limited offering exemption where certain suitability requirements apply to investors. In Arizona, Colorado, Delaware, Minnesota, Missouri, Nevada, Texas and Utah, accredited investors can invest.
SolarAttic, a technology company, has invented and patented an alternative energy technology that harnesses the hot air inside of attics for heating swimming pools, hot water, and space. The company also invented and patented a new ventilation technology that allows the attic to be vented from within its own cavity. The new solar technology eliminates the need to use solar roof panels. The new ventilation technology eliminates the need for roof vents and has other applications including some in the medical industry. SolarAttic has an exclusive 18 year monopoly in the USA, on its fourth patent, as granted by the U.S. Patent Office. The company now expects to extend this exclusivity world wide with its international patent filings. Additional information can be obtained by contacting company spokesman James Kantorowicz at (612) 441-3440 or on the Internet at http://www.solarattic.com.
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