Feb. 8, 2013
/PRNewswire/ -- Mainstream Entertainment, Inc. (OTCBB: MSEI) announces that it intends to expand its business focus to include the sales and installation of commercial, federal and residential solar systems, change the address of its corporate headquarters, and appoint new officers and directors. Mainstream closed a Letter of Intent (LOI) on
January 25, 2013
, with First Power and Light, LLC (First Power), a commercial, Federal Government and large residential solar installation company. Pursuant to the closing, members of First Power became the majority shareholders of Mainstream.
New and Anticipated Management
- Malcolm Adler, President, CEO and Director
- Thomas Moore, Secretary, Treasurer and Director
- Lindsay Hertzog, National Sales Manager
Additional information regarding the change in Mainstream's business focus, its plan of operations, the closing of the LOI and new management can be found in Mainstream's Current Report on Form 8-K, filed with the Securities and Exchange Commission on
February 7, 2013
Mainstream believes that the expansion of its business focus to include solar installation will be beneficial to shareholders because
the United States
is rapidly becoming a solar powerhouse as domestic and international companies invest in new projects. A recent study by GTM Research and Solar Energy Industries Association ("GTM Research"), a market analysis company focusing on renewable energy industries, estimated that the U.S. solar market could grow eightfold to
by 2015. Driving such growth are state mandated regulations requiring power companies to generate a certain portion of their electricity from renewable sources, state and federal solar tax incentives, declining solar panel prices and declining solar installation costs.
ABOUT FIRST POWER
First Power and Light, LLC is a solar installation company seeking to bring affordable and effective solar options to commercial, Federal Government and large residential customers across the United States. First Power and Light's goal is to provide industry leading service and to save their customers money. The Company's headquarters address is: 401 E. 4
St., Bridgeport, PA 19405.