Wal-Mart to Carry Complete Line of Coleman® Solar Battery Chargers
Montreal, Canada, April 30, 2008 - ICP Solar Technologies Inc. (OTCBB: ICPR, FRANKFURT: K1U.F), a developer, manufacturer and marketer of solar panels and products, today announced that Wal-Mart Stores, Inc. (NYSE: WMT), the world's largest retail distributor, will now carry the complete line of Coleman® solar chargers including the CL100, CL300,CL600 CL1200 and the CC4000 charge controller on Walmart.com.
"We are thrilled that Wal-Mart.com has decided to carry the complete line of Coleman® solar chargers. Having our products selected by the premier retailer in the world validates the consumer benefits of our innovative solar products and gives us a powerful distribution channel to raise consumer awareness and drive revenue growth," said Sass Peress, ICP Solar chairman and chief executive officer.
"This line expansion continues to build on the success that our CL-300 solar charger is having in over 2000 Wal-Mart stores across North America," Tom Clark, ICP Solar's VP of Sales-Americas. "Our portfolio of products that bring solar into consumers' homes and lifestyle resonates with retailers whose customers look for the combination of features and value that our line of Coleman® chargers provides. We look forward to continuing to grow this relationship as we continue to provide customers with clean-energy alternatives."
The Coleman® chargers come with best in class features, a 2-year warranty and will deliver over 50% more power per square inch that competing solar chargers.
About ICP Solar Technologies, Inc.
ICP Solar is a developer, manufacturer and marketer of solar panels and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design the Company aims to be the industry's innovation leader. For the past 19 years, ICP Solar has led the consumer market through innovation and has now begun to apply that same philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar is the North American licensee of the Coleman® brand in the solar charger category. The company's headquarters are located in Montreal, Canada, with additional locations in the USA, Spain, Ireland and France.
Corporate information may be found at www.icpsolar.com
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam's Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company's securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.
The forward-looking statements herein include, but are not limited to, the expected expansion of our solar solutions into Europe Middle East, Asia and Africa. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent SB-2 filing with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
Laurent Lafite, 514-270-5770
Lippert/Heilshorn & Associates
Jody Burfening/Elric Martinez, 212-838-3777