Contact:
Jim Stanley (612) 441-3440
Elk River, MN. (August 24, 1999) -- SolarAttic, Inc. announced today that the Minnesota Department of Commerce has declared its $4.8 Million stock offering effective in Minnesota. SolarAttic's IPO is now available to any investor within Minnesota or New York. The offering is also available in a number of other states to individuals who meet certain investor criteria. As a result, SolarAttic will officially launch its offering at the 1999 Minnesota State Fair. SolarAttic is offering 30,000 shares minimum to 960,000 shares maximum of its common stock for sale directly to the public at $5.00 per share.
Ed Palmer, SolarAttic's CEO stated: "We are excited that our company's offering has cleared the regulatory hurdles in the State of Minnesota. Over 1,000 people in Minnesota have previously expressed an interest in SolarAttic. We are now in the process of notifying them."
SolarAttic has developed a big piece of the solution to global warming by using the heat inside of attics. SolarAttic has discovered how to use this huge untapped heat resource for heating swimming pools, hot water and space. Its low cost energy, almost free to use! SolarAttic patented this new heating technology. The companys fourth patent allows this heating technology to be more efficient. In addition, SolarAttics technology can control attic ventilation eliminating ice-dams and roof vents. More information can be obtained by contacting Jim Stanley at (612) 441-3440 or by visiting the companys Internet web site at http://www.solarattic.com.
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