Madison Street Capital Advises AAY Solar and AquaSan Networks on Formation of Joint Venture

Joint Venture will Focus on Development of Solar Farms Throughout India

Chicago, IL/Gurgaon, India/ Littleton, CO -- (June 2013) – Madison Street Capital, LLC (MSC) acted as the exclusive strategic and financial advisor to AAY Solar PVT. LTD. (AAYS) in the establishment of a Joint Venture relationship with AquaSan Networks Inc. (ASN). The new entity will develop solar farms in various industrial clusters throughout India. The announcement was made by Charles Botchway, Chief Executive Officer of MSC. The transaction was led by MSC Managing Director Jaydip Sinha, head of MSC's operations in India. Terms of the deal were not disclosed.

"This transaction allows the new venture to leverage the combined design, build, finance and operating capabilities of both AAYS and ASN," said Jaydip Sinha of Madison Street Capital.

"In my 25 years of business, I haven't seen any service provider take as much care in helping a client achieve its goals as did Madison Street Capital," said Yogesh Sharma, Managing Director of AAYS. "Jaydip Sinha and his team showed absolute commitment and dedication in seeing this transaction through on our behalf."

"Madison Street Capital has been instrumental in the development of the Joint Venture Agreement and formation of our new Company AAYSOLAR AQUASAN Kishangarh in numerous helpful ways," said Carmine Iadarola, President of AquaSan Networks. "First, we would not have explored this opportunity if MSC had not been involved. We are solicited on a regular basis from around the world and often these solicitations are not genuine. We knew, from our past work with MSC in the United States that this opportunity would be different."

About Madison Street Capital, LLC.:
Madison Street Capital is an international investment banking firm that provides financial advisory, financing services, valuation services, and operational improvement and restructuring services to public and private businesses as well as asset managers. MSC has focused expertise in partnering with middle-market firms to successfully navigate complex transactions and successfully assist clients in optimizing their potential. MSC's experienced professionals serve clients across the globe from offices in North America, Asia, and Africa.

About AAY Solar PVT LTD:
AAY Solar is based in Gurgaon, India and develops solar power businesses in off grid and on grid ground mounted MW scale PV based power projects. The company is focused on building integrated PV projects, rural electrification on PV technology and EPC contracts, Consultancy etc. The company also provides consulting services to developers and promoters of Solar Power Generation Systems, Solar Power Plants & Solar off Grid Power Plants.

About AquaSan Networks, Inc.:
AquaSan is a Water management and Alternative Energy development consulting firm specializing in water, sanitation and energy issues around the globe. AquaSan expanded its business to include the development of water management strategies that reduced water and sewer costs and impact fees and resulted in writing Colorado's Model Water Conservation plan. AquaSan has worked with several power companies including Southern, Enron, Williams and KN energy to acquire water for their thermal energy plants around the United States. The Company also developed thermal plants for Invenergy, which resulted in two thermal plants totaling 850 Mw of power being fully developed in 22 months. Progressing past gas-fired power plants, AquaSan also has extensive experience in the development of wind and solar energy. The principals in AquaSan have installed 266 MW and developed 1000 MW of wind energy in Oregon and Washington and co-developed 800 MW of wind energy in California and Colorado. AquaSan's principals were instrumental in the formation of SolarGen USA, this involved a successfully developed pipeline of over 700 MW in California and approximately 200 MW of fully permitted solar projects in two years.

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