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PWR Sonnenenergy Corp

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Share Name Share Symbol Market Type
Sonnenenergy Corp TSXV:PWR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

SonnenEnergy Corp. Announces Receipt of Notice of Cancellation of Mietkauf Contracts (the "Hire Purchase Agreements")

25/01/2011 9:31pm

Marketwired Canada


SonnenEnergy Corp. (TSX VENTURE:PWR) ("SonnenEnergy" or the "Company") announces
that Hypo Group (Alpe Adria) has given notice of cancellation of its Hire
Purchase Agreements with the Company's subsidiary, SonnenEnergie GmbH, pursuant
to which the photovoltaic installations situated at Tutzing, Habach, Hechendorf
and Waldstetten in Germany were financed, alleging default of payment by
SonnenEnergie GmbH, and has demanded payment in accordance with the terms of
those contracts. 


SonnenEnergie GmbH has disputed the validity of the cancellation of the Hire
Purchase Agreements and is attempting to resolve the issues with Hypo Group
(Alpe Adria).


About SonnenEnergy Corp.

SonnenEnergy is a solar power systems integrator and solar power producer. The
Company markets, sells, designs, installs, operates, and maintains
grid-connected solar power systems and, since 2004, has installed more than 200
photovoltaic (PV) solar power systems for commercial and residential customers.
The company also operates solar power plants in southern Germany, which have
total installed capacity of more than 7.0 MWp. SonnenEnergy's European
operations are based in Polling, Germany, with a sales office in Italy.


Forward-Looking Statements

This press release contains or refers to forward-looking information, including
statements regarding the ability of the Company to resolve the issues with Hypo
Group (Alpe Adria), and is based on current expectations that involve a number
of business risks and uncertainties. Forward-looking statements are subject to
significant risks and uncertainties, and other factors that could cause actual
results to differ materially from expected results. Readers should not place
undue reliance on forward-looking statements. These forward-looking statements
are made as of the date hereof and the Company assumes no responsibility to
update them or revise them to reflect new events or circumstances other than as
required by law.


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1 Year Sonnenenergy Corp Chart

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