Solar Night Industries, Inc. Announces Conversion of Debt into Common Stock and Private Placement of Common Stock

  
    
  
  
    
      Solar Night Industries, 
      Inc. (Pink Sheets:SLND) 
      announced today that it has executed agreements with private investors 
      to fully convert the entire principal amount of $700,000 of existing 6% 
      senior secured convertible debt (the “Debt”) 
      and related liabilities into 11,000,000 shares of the Company’s 
      common stock, and reduce the amount of warrants issued to the holders of 
      the Debt from 10,600,000 to 6,000,000 warrants with certain adjustments 
      to the warrants’ features. In addition, the 
      Company raised $400,000 in gross proceeds from the sales of 4,000,000 
      shares of its common stock to certain private investors.
    
    
      Jason Loyet, President, stated, “We are 
      extremely pleased that the Company’s long term 
      liabilities have been significantly reduced and that we have been able 
      to secure participation of several investors via the private placement 
      of our shares, thereby significantly increasing our shareholder base. In 
      addition, this reduction of debt and new financing will allow the 
      Company to continue in its mission to accelerate the adoption of modern 
      energy solutions.”
    
    
      About Solar Night Industries, Inc.
    
    
      Solar Night Industries, 
      Inc. (Pink Sheets:SLND) 
      is an early stage, clean-energy company that enables residential and 
      commercial energy users across the U.S. to implement cost-effective 
      solar and wind solutions. These modern energy solutions help reduce 
      dependence on traditional energy sources and, in turn reduce carbon 
      emissions. Solar Nights Industries, Inc. is based in St. Louis, Missouri 
      (USA). For more information, visit http://www.SolarNightIndustries.com
    
    
      Safe Harbor Statement
    
    
      This press release contains forward-looking statements, which are made 
      in reliance upon the “Safe Harbor” 
      provisions of the Private Securities Litigation Reform Act of 1995. 
      Actual results could differ materially from the statements expressed or 
      implied herein due to a variety of factors including, but not limited 
      to: the development of Solar Night Industries’ 
      solar cell technology and solar solutions, ability to secure additional 
      financing, the successful marketing and distribution of Solar Night 
      Industries’ products, market acceptance of 
      Solar Night Industries’ products and 
      technology, competition and timing of projects and trends in the solar 
      industry, as well as other factors. The forward-looking statements 
      contained herein are made only as of the date of this press release, and 
      Solar Night Industries undertakes no obligation to publicly update such 
      forward-looking statements to reflect subsequent events or circumstances.