Entries in the 'Energy' Category

International Third Party Testing Ranks Day4 Energy Solar Modules for Highest Power Density

BURNABY, British Columbia, April 15 /PRNewswire-FirstCall/ — Day4 Energy Inc. (TSX: DFE), a leading manufacturer of high performance, cost-effective solar electric modules, today announced that international third party testing has confirmed Day4 Energy’s 48MC solar panels consistently offer industry-leading efficiency and field performance under a variety weather conditions.Monitoring at Germany’s Albstadt-Sigmaringen University occurs in real-time and tracks power output, density, and module efficiency throughout the course of the day for monocrystalline, multicrystalline, and thin film solar panels. Repeated measurements among 12 test sites have demonstrated that, across different levels of irradiance and temperature, Day4 Energy’s modules regularly produce the most power per given area.”It is truly invaluable to see such robust results coming from Prof. Franz Josef Kuhn and his team, for they are veritable connoisseurs of the solar industry,” said Jake Brown, vice president of marketing and business development of Day4 Energy. “As our customers across Europe and North America have found, and the Albstadt-Sigmaringen University has confirmed, our proprietary innovation, the Day4 Electrode, creates a superior product that in diverse environments, seasons and daylight provides significant return on investment as reliable clean electricity for decades to come.”"Solar energy represents an immense opportunity for our society and economy, so it is with great enthusiasm that we test, analyze and observe such a wide variety of PV products,” said Professor Franz Josef Kuhn, project lead at Germany’s Albstadt-Sigmaringen University. “The results for Day4 Energy are enviable — quite frankly we have been impressed by the Day4 48MC panel’s system performance and proven long-term reliability. Our testing has confirmed that the Day4 Electrode produces one of the best modules we have observed, offering high quality and precise manufacturing. What is truly important though is this product’s field performance, demonstrating some of the strongest results among a great variety of products that we have tested.”The Day4 48 MC solar module is based on the company’s proprietary Day4 Electrode technology, an innovative approach to module construction that directly replaces decades-old soldering methods. The result is a high-quality Day4 solar electric product with higher performance, improved aesthetics and lower cost.The Albstadt-Sigmaringen University’s Department of Industrial Engineering has monitored more than 400 photovoltaic (PV) installations since 1996 both independently and in conjunction with leading municipal utilities, and began collecting data on Day4 Energy’s advanced solar modules in July of 2007. The results are available online at .About Day4 Energy:Headquartered near Vancouver, British Columbia, Day4 Energy Inc. designs, manufactures and sells photovoltaic (PV) modules based on its patented Day4 Electrode technology, a proprietary method of contacting and interconnecting solar cells. The Day4 Electrode produces PV panels of high power density, increased lifetime and uncompromised aesthetic appearance. The advanced solar module construction method increases the performance of conventional silicon panels and enables the next-generation of PV innovation. Day4 partners with the industry’s leading PV cell producers to deliver IEC and UL certified commercial and residential solar products to customers throughout Europe and North America. For more information, visit: Day4 Energy Inc.

China Solar & Clean Energy Solutions, Inc. Announces Record Fourth Quarter and 2007 Year End Results

— 4Q Revenues Increased 119ACIORFIPROCENTE to $12 Million — 4Q Net Income Increased 479ACIORFIPROCENTE to $1.1 Million — Full Year Revenue Increased 73ACIORFIPROCENTE to $37.1 Million — Full Year Net Income Increased 104ACIORFIPROCENTE to $2.53 MillionNEW YORK and BEIJING, April 11 /Xinhua-PRNewswire-FirstCall/ — China Solar & Clean Energy Solutions, Inc. (BULLETIN BOARD: CSOL) , a premier seller and distributor of solar water heaters, renewable energy solutions, and space heating devices in the People’s Republic of China (the “PRC”), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2007 (”FY07”).Revenues for fourth quarter 2007 increased approximately 119ACIORFIPROCENTE to approximately $12 million, from $5.5 million in the prior year’s quarter. The increase was driven primarily by its recent acquisition of Tianjin Huaneng Group Energy Equipment Co., Ltd. (Tianjin), which contributed $5.8 million in revenue for the fourth quarter of 2007 compared to none for the same period in 2006 and $3.8 million for the third quarter in 2007. Revenues of the Company’s core business generated from its Bazhou facility in the quarter totaled approximately $6.2 million, a slight increase over the prior year’s fourth quarter.The Company’s gross profit in the fourth quarter of 2007 increased by 158ACIORFIPROCENTE to approximately $3.1 million compared to the year ago period. Of the $3.1 million, $1.2 million was contributed by the Bazhou facility, representing 22ACIORFIPROCENTE organic growth. Tianjin Huaneng contributed $1.9 million in the fourth quarter and was not a component of the Company in the fourth quarter 2006. Revenues emanating from our Bazhou facility had gross margins of 21ACIORFIPROCENTE, while Tianjin had 28ACIORFIPROCENTE, and overall gross margins were 22.39ACIORFIPROCENTE, an increase from 21.7ACIORFIPROCENTE reported in 2006 which benefited from integration of Tianjin and the operational advantages it brought to Bazhou.Operating expenses in the fourth quarter increased 66ACIORFIPROCENTE to $1.7 million as compared to $1.0 million in the prior year period, representing operating margins of 14.4ACIORFIPROCENTE and 18.9ACIORFIPROCENTE respectively. This increase in expenses was primarily a result of higher general and administrative expenses associated with the integration of the Tianjing Huaneng acquisition. As a percentage of sales, operating expenses decreased to 4.7ACIORFIPROCENTE from 4.9ACIORFIPROCENTE.Net income in the fourth quarter increased 479ACIORFIPROCENTE to $1.1 million, or 9ACIORFIPROCENTE of revenue, up from $0.2 million, or 3.5ACIORFIPROCENTE of revenue last year. Excluding the Tianjing Huaneng facility, net income and net margins were $1.02 million and 16ACIORFIPROCENTE respectively. The higher net income was due primarily to substantially higher revenues. Diluted earnings per share (EPS) in the fourth quarter of 2007 were $0.11 based on 9.9 million fully diluted shares, versus $0.03 on 6.96 million fully diluted shares in the prior year period.Mr. Deli Du, President and Chief Executive Officer of China Solar commented, “We are encouraged by the successful consolidation of Tianjin Huaneng with our Bazhou facility which will enable us to become one of the leading integrated solution providers of clean and renewable energy to industrial and residential customers in China. During the fourth quarter, we complemented our core solar water heater business with strong growth from Tianjin Huaneng, which enabled us to achieve 72.1ACIORFIPROCENTE revenue growth. As anticipated, we experienced margin pressure in our core solar water heater products which was offset by higher margins through Tianjin Huaneng’s proprietary energy saving boilers and environmental protection equipment which helped to improve our overall profitability in 2007. Tianjin also integrated our solar water heaters into its heat recovery projects to further increase waste heat recovery while we began to incorporate Tianjin’s technology into our product portfolio. We believe we are well positioned as a leading player in the clean energy industry in China and will grow the business both organically and through complementary acquisitions, which collectively will enable us to capitalize on our technology and engineering expertise, marketing and branding strength, to deliver a truly integrated clean energy solutions company.Full Year 2007 Financial ResultsFor the full year 2007, revenues were $37.1 million, up 72.7ACIORFIPROCENTE from $21.5 million in 2006. $9.6 million in revenue for the full year 2007 was contributed by Tianjin Huaneng which began contributing revenue in the third quarter of 2007. $6 million, or 38ACIORFIPROCENTE of the revenue growth, was primarily attributed to the organic growth of the Company’s solar water heater and space heating products, due to increased marketing efforts and expansion of the Company’s distribution network and additional market share gains.Operating expenses totaled $5.1 million for 2007 compared with $3.4 million for 2006. The increase was primarily related to increases in general administrative expenses and other expenses related to an increased sales force, the hiring of key management staff, and an increase in professional fees for legal and accounting services. Net income for the full year grew 103.8ACIORFIPROCENTE to $2.5 million, or 6.8ACIORFIPROCENTE of net sales. Diluted EPS for the fiscal year ended December 31, 2007 were $.14 compared to $.18 in 2006. The weighted average numbers of shares outstanding to calculate diluted EPS were 11.2 million and 7 million for 2007 and 2006, respectively.Balance Sheet and Cash Flow DiscussionThe Company reported $5.5 million in cash and equivalents on December 31, 2007, while stockholders’ equity increased to $17.9 million. Net cash flow from operations was $4.7 million for the twelve months ended December 31, 2007, an increase of 273ACIORFIPROCENTE from the same year ago period.Inventory increased to $3.9 million and accounts receivable increased to $7.5 million due to the consolidation with Tianjin Huaneng. Different from CSOL’s core business, Tianjin Huaneng collects receivables during the project life, where 30 percent of the total cost is pre-paid by customers, 30 percent is paid once installation is commenced, 30 percent is paid when installation is completed and 10 percent is held back for one year to guarantee the work.Mr. Du continued, “We continue to make further progress on our acquisition strategy to complement our solar product portfolio and increase our customer base. In addition, we anticipate that our new flat plate collector production line to be completed and fully operational during April 2008, which we expect will expand our production capacity, enhance our production efficiencies and further improve the quality of our products while contributing to overall profitability. We finished 2007 with a strong cash and working capital position to support future growth as we look to increase capacity, expand our product lines, and geographic distribution. There are still significant growth opportunities for China Solar.”Mr. Du concluded, “We are excited about the ongoing synergies that we will be able to generate as a result of the integration of the Tianjin Huaneng acquisition. Management continues to evaluate all the Company’s opportunities to eliminate redundant expenses while prudently managing overall costs. Everyday we focus on a seamless integration with our acquisitions, and increasing the quality of our solar products to improve profitability, and generating strong financial results for our shareholders.”On March 24, 2008, China Solar announced the appointment of Mr. Yihai Yang to the position of the Acting Chief Financial Officer. The Company plans to initiate investor conference calls when it reports its first quarter 2008 financial results in May 2008.About China Solar & Clean Energy Solutions, Inc.China Solar & Clean Energy Solutions, Inc. operates through its wholly owned subsidiaries Bazhou Deli Solar Heating Energy Co. Ltd., Beijing Deli Solar Technology Development Co., Ltd. and its 51ACIORFIPROCENTE ownership in Tianjin Huaneng Energy Equipment Company, all of which are located in the PRC. The Company manufactures and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems. For more information, please visit .Safe Harbor Statement:Certain statements in this news release may contain forward-looking information about China Solar & Clean Energy Solutions, Inc. and its subsidiaries’ business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, market and customer acceptance and demand for products, ability to market products, fluctuations in foreign currency markets, the use of estimates in the preparation of financial statements, the impact of competitive products and pricing, the ability to develop and launch new products on a timely basis, the regulatory environment, fluctuations in operating results, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company’s reports filed with the Securities and Exchange Commission. China Solar & Clean Energy Solutions, Inc. undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC. CONSOLIDATED BALANCE SHEETS (Currency expressed in United States Dollars (”US$”), except for number of shares) As of December 31, 2007 2006 ASSETS Current assets: Cash and cash equivalents $ 5,466,637 $ 3,212,065 Accounts receivable, net 7,453,009 870,446 Inventories 3,875,658 315,765 Other receivables and prepayments 1,637,948 1,387,911 Total current assets 18,433,252 5,786,187 Property, plant and equipment, net 8,819,216 5,926,468 Goodwill 1,789,324 — Intangible assets, net 1,597,921 1,003,530 TOTAL ASSETS $ 30,639,713 $ 12,716,185 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable, trade $ 2,111,028 $ 147,901 Income tax payables 1,108,433 — Other payables and accrued liabilities 8,552,452 342,811 Total current liabilities 11,771,913 490,712 Minority interests 935,825 — Stockholders’ equity: Convertible preferred stock: par value $0.001; 25,000,000 shares authorized, 1,774,194 and - 0 - shares issued and outstanding, respectively 1,774 — Common stock, $0.001 par value; 66,666,667 shares authorized; 6,205,290 and 6,205,290 shares issued and outstanding, respectively 6,205 6,205 Additional paid-in capital 9,260,607 5,705,574 Accumulated other comprehensive income 1,134,270 533,909 Retained earnings 7,529,119 5,979,785 Total stockholders’ equity 17,931,975 12,225,473 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 30,639,713 $ 12,716,185 CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC. CONSOLIDATED STATEMENTS OF INCOME (Currency expressed in United States Dollars (”US$”)) Years ended December 31, 2007 2006 2005 Revenue, net $ 37,072,346 $ 21,468,313 $ 15,577,447 Cost of revenue 28,772,078 16,842,994 11,868,459 Gross profit 8,300,268 4,625,319 3,708,988 Operating expenses: Depreciation and amortization 282,822 154,946 14,631 Selling and distribution 827,839 459,746 256,634 General and administrative 4,003,973 2,800,015 2,117,920 Total operating expenses 5,114,634 3,414,707 2,389,185 Income from operations 3,185,634 1,210,612 1,319,803 Other income (expenses): Other income 220,057 45,606 — Interest expense (65,481) (16,717) (20,829) Total other income (expenses) 154,576 28,889 (20,829) Income before income taxes 3,340,210 1,239,501 1,298,974 Income tax expense (615,325) — — Minority interests (199,744) — — NET INCOME $ 2,525,141 $ 1,239,501 $ 1,298,974 NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 1,549,334 $ 1,239,501 $ 1,298,974 Net income per share - basic $ 0.25 $ 0.20 $ 0.23 Net income per share - diluted $ 0.14 $ 0.18 $ 0.17 Weighted average shares outstanding - basic 6,205,290 6,205,290 5,732,616 Weighted average shares outstanding - diluted 11,233,026 6,957,876 7,558,335 CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Currency expressed in United States Dollars) Years ended December 31, 2007 2006 2005 Cash flows from operating activities: Net income $ 2,525,141 $ 1,239,501 $ 1,298,974 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 324,157 178,437 100,171 Provision for allowance on accounts receivable 650,432 (77,267) 105,030 Changes in operating assets and liabilities: Accounts receivable, trade (7,232,995) (238,334) (476,106) Inventories (3,559,893) 67,418 (8,279) Other receivables and prepayments (250,037) (238,268) (566,989) Accounts payable, trade 1,963,127 58,526 (79,124) Income tax payable 1,108,433 — — Other payables and accrued liabilities 8,209,641 262,885 (300,621) Minority interest 935,825 — — Net cash provided by operating activities 4,673,831 1,252,898 73,056 Cash flows from investing activities: Acquisition of a subsidiary (489,459) — — Deposits made to acquire subsidiary — (256,278) — Purchase of intangible assets (635,726) (932,732) (2,711) Purchase of property, plant and equipment (4,294,741) (2,815,398) (845,126) Net cash used in investing activities (5,419,926) (4,004,408) (847,837) Cash flows from financing activities: Repayment of short-term borrowings (180,694) (130,112) (403,101) Capital contribution received from shareholders — — 4,882,389 Proceeds from issuance of preferred stock (net of offering costs of $169,000 paid in cash) 2,581,000 — — Related receivable — 82,639 518,637 Related payables — 22,528 (10,341) Net cash (used in) provided by financing activities 2,400,306 (24,945) 4,987,584 Foreign currency translation adjustment 600,361 359,352 174,557 NET CHANGE IN CASH AND CASH EQUIVALENTS 2,254,572 (2,417,103) 4,387,360 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,212,065 5,629,168 1,241,808 CASH AND CASH EQUIVALENTS, END OF YEAR $ 5,466,637 $ 3,212,065 $ 5,629,168 Cash paid for income taxes $ 939,798 $ — $ — Cash paid for interest expenses $ 95,446 $ 16,717 $ 20,884 Warrant shares granted for offering costs $ 138,338 $ — $ — For more information, please contact: Yihai Yang China Solar & Clean Energy Solutions, Inc. Tel: 86-10-6385-0516 Email: Investor Relations Alan Sheinwald HC International, Inc. Tel: 1-914-669-0222 Email: China Solar & Clean Energy Solutions, Inc.

Union Drilling Announces 2008 First Quarter Earnings Release and Conference Call Schedule

FT. WORTH, Texas, April 11 /PRNewswire-FirstCall/ — Union Drilling, Inc. announced today that it will release its 2008 first quarter results after the market closes on Wednesday, April 30, 2008. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, May 1, 2008 at 11:00 a.m. Eastern Time. What: Union Drilling First Quarter 2008 Earnings Conference Call When: Thursday, May 1, 2008 at 11:00 a.m. Eastern Time How: Live via phone — By dialing 303-262-2075, or live over the Internet by logging onto the web at the address below Where: , in the “Investor Relations” section of the Company’s websiteFor those who cannot listen to the live call, a telephonic replay will be available through May 8, 2008 and may be accessed by calling 303-590-3000 and using the pass code 11112758#. Also, an archive of the webcast will be available shortly after the call on the “Investor Relations” section of the Company’s website.Union Drilling, Inc., headquartered in Ft. Worth, Texas, provides contract land drilling services and equipment, primarily to natural gas producers, in the United States. Union Drilling currently owns and markets 71 rigs and specializes in unconventional drilling techniques.UDRL-E Contacts: Union Drilling, Inc. Christopher D. Strong, CEO A.J. Verdecchia, CFO 817-735-8793 DRG&E Ken Dennard / Ben Burnham 713-529-6600Union Drilling, Inc.

Falcon Oil & Gas Ltd. Announces New Contact Number for Investors

DENVER, April 11 /PRNewswire/ — Falcon Oil & Gas Ltd. (TSXV: FO, “Falcon”) announced today that it has established a new contact number at its headquarters in Denver for use by all Falcon investors. That number is (303) 951-1116.About Falcon Oil & Gas Ltd.Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in Hungary through its wholly-owned subsidiary TXM Exploration and Production, LLC, and in Romania through its wholly-owned subsidiary JVX Energy Corporation. Further information about Falcon is available at . Falcon Oil and Gas Ltd. Investor and Public Relations: Alexander Hubbard-Ford 1 303-951-1116The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Falcon Oil & Gas Ltd.

Union Drilling Announces 2008 First Quarter Earnings Release and Conference Call Schedule

FT. WORTH, Texas, April 11 /PRNewswire-FirstCall/ — Union Drilling, Inc. announced today that it will release its 2008 first quarter results after the market closes on Wednesday, April 30, 2008. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, May 1, 2008 at 11:00 a.m. Eastern Time. What: Union Drilling First Quarter 2008 Earnings Conference Call When: Thursday, May 1, 2008 at 11:00 a.m. Eastern Time How: Live via phone — By dialing 303-262-2075, or live over the Internet by logging onto the web at the address below Where: , in the “Investor Relations” section of the Company’s websiteFor those who cannot listen to the live call, a telephonic replay will be available through May 8, 2008 and may be accessed by calling 303-590-3000 and using the pass code 11112758#. Also, an archive of the webcast will be available shortly after the call on the “Investor Relations” section of the Company’s website.Union Drilling, Inc., headquartered in Ft. Worth, Texas, provides contract land drilling services and equipment, primarily to natural gas producers, in the United States. Union Drilling currently owns and markets 71 rigs and specializes in unconventional drilling techniques.UDRL-E Contacts: Union Drilling, Inc. Christopher D. Strong, CEO A.J. Verdecchia, CFO 817-735-8793 DRG&E Ken Dennard / Ben Burnham 713-529-6600Union Drilling, Inc.

Falcon Oil & Gas Ltd. Announces New Contact Number for Investors

DENVER, April 11 /PRNewswire/ — Falcon Oil & Gas Ltd. (TSXV: FO, “Falcon”) announced today that it has established a new contact number at its headquarters in Denver for use by all Falcon investors. That number is (303) 951-1116.About Falcon Oil & Gas Ltd.Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in Hungary through its wholly-owned subsidiary TXM Exploration and Production, LLC, and in Romania through its wholly-owned subsidiary JVX Energy Corporation. Further information about Falcon is available at . Falcon Oil and Gas Ltd. Investor and Public Relations: Alexander Hubbard-Ford 1 303-951-1116The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Falcon Oil & Gas Ltd.

China Solar & Clean Energy Solutions, Inc. Announces Record Fourth Quarter and 2007 Year End Results

— 4Q Revenues Increased 119ACIORFIPROCENTE to $12 Million — 4Q Net Income Increased 479ACIORFIPROCENTE to $1.1 Million — Full Year Revenue Increased 73ACIORFIPROCENTE to $37.1 Million — Full Year Net Income Increased 104ACIORFIPROCENTE to $2.53 MillionNEW YORK and BEIJING, April 11 /Xinhua-PRNewswire-FirstCall/ — China Solar & Clean Energy Solutions, Inc. (BULLETIN BOARD: CSOL) , a premier seller and distributor of solar water heaters, renewable energy solutions, and space heating devices in the People’s Republic of China (the “PRC”), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2007 (”FY07”).Revenues for fourth quarter 2007 increased approximately 119ACIORFIPROCENTE to approximately $12 million, from $5.5 million in the prior year’s quarter. The increase was driven primarily by its recent acquisition of Tianjin Huaneng Group Energy Equipment Co., Ltd. (Tianjin), which contributed $5.8 million in revenue for the fourth quarter of 2007 compared to none for the same period in 2006 and $3.8 million for the third quarter in 2007. Revenues of the Company’s core business generated from its Bazhou facility in the quarter totaled approximately $6.2 million, a slight increase over the prior year’s fourth quarter.The Company’s gross profit in the fourth quarter of 2007 increased by 158ACIORFIPROCENTE to approximately $3.1 million compared to the year ago period. Of the $3.1 million, $1.2 million was contributed by the Bazhou facility, representing 22ACIORFIPROCENTE organic growth. Tianjin Huaneng contributed $1.9 million in the fourth quarter and was not a component of the Company in the fourth quarter 2006. Revenues emanating from our Bazhou facility had gross margins of 21ACIORFIPROCENTE, while Tianjin had 28ACIORFIPROCENTE, and overall gross margins were 22.39ACIORFIPROCENTE, an increase from 21.7ACIORFIPROCENTE reported in 2006 which benefited from integration of Tianjin and the operational advantages it brought to Bazhou.Operating expenses in the fourth quarter increased 66ACIORFIPROCENTE to $1.7 million as compared to $1.0 million in the prior year period, representing operating margins of 14.4ACIORFIPROCENTE and 18.9ACIORFIPROCENTE respectively. This increase in expenses was primarily a result of higher general and administrative expenses associated with the integration of the Tianjing Huaneng acquisition. As a percentage of sales, operating expenses decreased to 4.7ACIORFIPROCENTE from 4.9ACIORFIPROCENTE.Net income in the fourth quarter increased 479ACIORFIPROCENTE to $1.1 million, or 9ACIORFIPROCENTE of revenue, up from $0.2 million, or 3.5ACIORFIPROCENTE of revenue last year. Excluding the Tianjing Huaneng facility, net income and net margins were $1.02 million and 16ACIORFIPROCENTE respectively. The higher net income was due primarily to substantially higher revenues. Diluted earnings per share (EPS) in the fourth quarter of 2007 were $0.11 based on 9.9 million fully diluted shares, versus $0.03 on 6.96 million fully diluted shares in the prior year period.Mr. Deli Du, President and Chief Executive Officer of China Solar commented, “We are encouraged by the successful consolidation of Tianjin Huaneng with our Bazhou facility which will enable us to become one of the leading integrated solution providers of clean and renewable energy to industrial and residential customers in China. During the fourth quarter, we complemented our core solar water heater business with strong growth from Tianjin Huaneng, which enabled us to achieve 72.1ACIORFIPROCENTE revenue growth. As anticipated, we experienced margin pressure in our core solar water heater products which was offset by higher margins through Tianjin Huaneng’s proprietary energy saving boilers and environmental protection equipment which helped to improve our overall profitability in 2007. Tianjin also integrated our solar water heaters into its heat recovery projects to further increase waste heat recovery while we began to incorporate Tianjin’s technology into our product portfolio. We believe we are well positioned as a leading player in the clean energy industry in China and will grow the business both organically and through complementary acquisitions, which collectively will enable us to capitalize on our technology and engineering expertise, marketing and branding strength, to deliver a truly integrated clean energy solutions company.Full Year 2007 Financial ResultsFor the full year 2007, revenues were $37.1 million, up 72.7ACIORFIPROCENTE from $21.5 million in 2006. $9.6 million in revenue for the full year 2007 was contributed by Tianjin Huaneng which began contributing revenue in the third quarter of 2007. $6 million, or 38ACIORFIPROCENTE of the revenue growth, was primarily attributed to the organic growth of the Company’s solar water heater and space heating products, due to increased marketing efforts and expansion of the Company’s distribution network and additional market share gains.Operating expenses totaled $5.1 million for 2007 compared with $3.4 million for 2006. The increase was primarily related to increases in general administrative expenses and other expenses related to an increased sales force, the hiring of key management staff, and an increase in professional fees for legal and accounting services. Net income for the full year grew 103.8ACIORFIPROCENTE to $2.5 million, or 6.8ACIORFIPROCENTE of net sales. Diluted EPS for the fiscal year ended December 31, 2007 were $.14 compared to $.18 in 2006. The weighted average numbers of shares outstanding to calculate diluted EPS were 11.2 million and 7 million for 2007 and 2006, respectively.Balance Sheet and Cash Flow DiscussionThe Company reported $5.5 million in cash and equivalents on December 31, 2007, while stockholders’ equity increased to $17.9 million. Net cash flow from operations was $4.7 million for the twelve months ended December 31, 2007, an increase of 273ACIORFIPROCENTE from the same year ago period.Inventory increased to $3.9 million and accounts receivable increased to $7.5 million due to the consolidation with Tianjin Huaneng. Different from CSOL’s core business, Tianjin Huaneng collects receivables during the project life, where 30 percent of the total cost is pre-paid by customers, 30 percent is paid once installation is commenced, 30 percent is paid when installation is completed and 10 percent is held back for one year to guarantee the work.Mr. Du continued, “We continue to make further progress on our acquisition strategy to complement our solar product portfolio and increase our customer base. In addition, we anticipate that our new flat plate collector production line to be completed and fully operational during April 2008, which we expect will expand our production capacity, enhance our production efficiencies and further improve the quality of our products while contributing to overall profitability. We finished 2007 with a strong cash and working capital position to support future growth as we look to increase capacity, expand our product lines, and geographic distribution. There are still significant growth opportunities for China Solar.”Mr. Du concluded, “We are excited about the ongoing synergies that we will be able to generate as a result of the integration of the Tianjin Huaneng acquisition. Management continues to evaluate all the Company’s opportunities to eliminate redundant expenses while prudently managing overall costs. Everyday we focus on a seamless integration with our acquisitions, and increasing the quality of our solar products to improve profitability, and generating strong financial results for our shareholders.”On March 24, 2008, China Solar announced the appointment of Mr. Yihai Yang to the position of the Acting Chief Financial Officer. The Company plans to initiate investor conference calls when it reports its first quarter 2008 financial results in May 2008.About China Solar & Clean Energy Solutions, Inc.China Solar & Clean Energy Solutions, Inc. operates through its wholly owned subsidiaries Bazhou Deli Solar Heating Energy Co. Ltd., Beijing Deli Solar Technology Development Co., Ltd. and its 51ACIORFIPROCENTE ownership in Tianjin Huaneng Energy Equipment Company, all of which are located in the PRC. The Company manufactures and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems. For more information, please visit .Safe Harbor Statement:Certain statements in this news release may contain forward-looking information about China Solar & Clean Energy Solutions, Inc. and its subsidiaries’ business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, market and customer acceptance and demand for products, ability to market products, fluctuations in foreign currency markets, the use of estimates in the preparation of financial statements, the impact of competitive products and pricing, the ability to develop and launch new products on a timely basis, the regulatory environment, fluctuations in operating results, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company’s reports filed with the Securities and Exchange Commission. China Solar & Clean Energy Solutions, Inc. undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC. CONSOLIDATED BALANCE SHEETS (Currency expressed in United States Dollars (”US$”), except for number of shares) As of December 31, 2007 2006 ASSETS Current assets: Cash and cash equivalents $ 5,466,637 $ 3,212,065 Accounts receivable, net 7,453,009 870,446 Inventories 3,875,658 315,765 Other receivables and prepayments 1,637,948 1,387,911 Total current assets 18,433,252 5,786,187 Property, plant and equipment, net 8,819,216 5,926,468 Goodwill 1,789,324 — Intangible assets, net 1,597,921 1,003,530 TOTAL ASSETS $ 30,639,713 $ 12,716,185 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable, trade $ 2,111,028 $ 147,901 Income tax payables 1,108,433 — Other payables and accrued liabilities 8,552,452 342,811 Total current liabilities 11,771,913 490,712 Minority interests 935,825 — Stockholders’ equity: Convertible preferred stock: par value $0.001; 25,000,000 shares authorized, 1,774,194 and - 0 - shares issued and outstanding, respectively 1,774 — Common stock, $0.001 par value; 66,666,667 shares authorized; 6,205,290 and 6,205,290 shares issued and outstanding, respectively 6,205 6,205 Additional paid-in capital 9,260,607 5,705,574 Accumulated other comprehensive income 1,134,270 533,909 Retained earnings 7,529,119 5,979,785 Total stockholders’ equity 17,931,975 12,225,473 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 30,639,713 $ 12,716,185 CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC. CONSOLIDATED STATEMENTS OF INCOME (Currency expressed in United States Dollars (”US$”)) Years ended December 31, 2007 2006 2005 Revenue, net $ 37,072,346 $ 21,468,313 $ 15,577,447 Cost of revenue 28,772,078 16,842,994 11,868,459 Gross profit 8,300,268 4,625,319 3,708,988 Operating expenses: Depreciation and amortization 282,822 154,946 14,631 Selling and distribution 827,839 459,746 256,634 General and administrative 4,003,973 2,800,015 2,117,920 Total operating expenses 5,114,634 3,414,707 2,389,185 Income from operations 3,185,634 1,210,612 1,319,803 Other income (expenses): Other income 220,057 45,606 — Interest expense (65,481) (16,717) (20,829) Total other income (expenses) 154,576 28,889 (20,829) Income before income taxes 3,340,210 1,239,501 1,298,974 Income tax expense (615,325) — — Minority interests (199,744) — — NET INCOME $ 2,525,141 $ 1,239,501 $ 1,298,974 NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 1,549,334 $ 1,239,501 $ 1,298,974 Net income per share - basic $ 0.25 $ 0.20 $ 0.23 Net income per share - diluted $ 0.14 $ 0.18 $ 0.17 Weighted average shares outstanding - basic 6,205,290 6,205,290 5,732,616 Weighted average shares outstanding - diluted 11,233,026 6,957,876 7,558,335 CHINA SOLAR & CLEAN ENERGY SOLUTIONS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Currency expressed in United States Dollars) Years ended December 31, 2007 2006 2005 Cash flows from operating activities: Net income $ 2,525,141 $ 1,239,501 $ 1,298,974 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 324,157 178,437 100,171 Provision for allowance on accounts receivable 650,432 (77,267) 105,030 Changes in operating assets and liabilities: Accounts receivable, trade (7,232,995) (238,334) (476,106) Inventories (3,559,893) 67,418 (8,279) Other receivables and prepayments (250,037) (238,268) (566,989) Accounts payable, trade 1,963,127 58,526 (79,124) Income tax payable 1,108,433 — — Other payables and accrued liabilities 8,209,641 262,885 (300,621) Minority interest 935,825 — — Net cash provided by operating activities 4,673,831 1,252,898 73,056 Cash flows from investing activities: Acquisition of a subsidiary (489,459) — — Deposits made to acquire subsidiary — (256,278) — Purchase of intangible assets (635,726) (932,732) (2,711) Purchase of property, plant and equipment (4,294,741) (2,815,398) (845,126) Net cash used in investing activities (5,419,926) (4,004,408) (847,837) Cash flows from financing activities: Repayment of short-term borrowings (180,694) (130,112) (403,101) Capital contribution received from shareholders — — 4,882,389 Proceeds from issuance of preferred stock (net of offering costs of $169,000 paid in cash) 2,581,000 — — Related receivable — 82,639 518,637 Related payables — 22,528 (10,341) Net cash (used in) provided by financing activities 2,400,306 (24,945) 4,987,584 Foreign currency translation adjustment 600,361 359,352 174,557 NET CHANGE IN CASH AND CASH EQUIVALENTS 2,254,572 (2,417,103) 4,387,360 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,212,065 5,629,168 1,241,808 CASH AND CASH EQUIVALENTS, END OF YEAR $ 5,466,637 $ 3,212,065 $ 5,629,168 Cash paid for income taxes $ 939,798 $ — $ — Cash paid for interest expenses $ 95,446 $ 16,717 $ 20,884 Warrant shares granted for offering costs $ 138,338 $ — $ — For more information, please contact: Yihai Yang China Solar & Clean Energy Solutions, Inc. Tel: 86-10-6385-0516 Email: Investor Relations Alan Sheinwald HC International, Inc. Tel: 1-914-669-0222 Email: China Solar & Clean Energy Solutions, Inc.

WallSt.net Updates Investment Community Through All-New Interview with Fox Petroleum

NEW YORK, April 9, 2008 /PRNewswire/ — On April 8, Richard J. Moore, CEO of Fox Petroleum, Inc. (BULLETIN BOARD: FXPE) () updated the investment community in an all-new interview with . Topics covered in the interview include an overview of the company, recent press, the market opportunity and upcoming milestones for which investors should watch.(Logo: )To hear the interview in its entirety, visit and click on “Interviews.” The interview can be accessed either by locating the company’s ticker symbol under the appropriate exchange at the top of the “Interviews” section of the site or by entering the company’s ticker symbol in the Search Archive window.About Fox Petroleum:Fox Petroleum, Inc. is an Oil and Gas Exploration Company headquartered in London, England, the financial capital of Europe. Fox also has an operations office in Anchorage, Alaska. Fox’s current targets include mineral rights to 32,000 acres in Alaska’s North Slope estimated to represent a potential of up to 160 million barrels of oil (LAPP Resources, Inc.), and the rights to a 33.33ACIORFIPROCENTE ownership stake in a 37,000 acre UK North Sea license which could potentially hold up to 213 million barrels of oil (TRACS International Ltd). Fox has a 22.5ACIORFIPROCENTE carried interest in JV of an onshore Texan gas well, and has also signed agreements to acquire roughly 14,000 acres on the North Slope and approximately 42,000 of land onshore in the Cook Inlet containing the Catcher’s Mitt Prospect. Fox has also recently signed an FIA for 46ACIORFIPROCENTE of the 211/17 South block containing the Bourbon Prospect, estimated by Aimwell Energy Ltd to have a mid case recoverable reserve potential of 167 mmbo.About WallSt.net: is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. (). The website is a leading provider of timely business news, executive interviews, multimedia content and research tools. Financial Media Group, Inc. also owns , a financial social network for investors, and Financial Filings Corp. (), a provider of compliance solutions to publicly traded companies. In addition, WallStreet Direct owns and operates WallStRadio (), a business and finance podcast website. Financial Filings Corp. is expecting to receive two hundred eighty dollars from Fox Petroleum, Inc. for the dissemination of this press release. For a complete list of our advertisers and advertising relationships, visit .Contact: WallSt.net800-4-WALLST WallStreet Direct, Inc.; Fox Petroleum, Inc.

Massey Energy Accelerates Expansion, Updates Guidance: Management to Present at Howard Weil Energy Conference

RICHMOND, Va., April 4, 2008 /PRNewswire-FirstCall/ — Massey Energy Company today announced that its Board of Directors has approved an additional $90 million in capital spending for 2008 to accelerate the Company’s expansion projects. With the increased funding, Massey now expects to invest approximately $310 million to expand its coal mining operations in Central Appalachia this year. Combined with normal capital spending for maintenance and replenishment, total capital expenditures are expected to approximate $550 million. Substantially all of the Company’s capital expenditures are planned to be funded by cash generated from operations.(Logo: )”Our expansion projects are continuing on our original schedule,” stated Don L. Blankenship, Massey’s Chairman and Chief Executive Officer. “In this strong coal market, we are doing all we can to optimize shareholder value in both the near and longer term. By making these additional investments and accelerating the expansion, we expect to realize very favorable returns.”Blankenship also noted that accelerating the expansion projects, particularly in metallurgical coal mines, will give Massey an opportunity to improve expected average price realizations in each of the next three years. “We now expect our average price realization to be in the range of $61.00 to $63.00 per ton in 2008,” he stated. “The extremely strong metallurgical coal market is the primary driver of our average price increase and is putting us on a path for another record-breaking year.”The Company also provided other updated estimates for 2008 and future years as follows: (In millions except per 2008 2009 2010 ton Previous Current Previous Current Previous Current amounts) Estimate Estimate Estimate Estimate Estimate Estimate Shipped 41.5 to 41.5 to 44 to 46 to Tons 43.0 43.0 46 48 48 50 Average Price/ $54 to $61 to $57 to $65 to $64 to $75 to Ton $56 $63 $59 $74 $66 $87 Cash Cost/ $43 to $45 to Ton $45 $47.50 — — — — CAPEX (approx) $460 $550 $460 — — — Other $30 to $20 to Income $100 $100 — — — –So far in 2008, Massey has expanded production operations with the opening or re-activation of several mines. Following are progress updates on previously announced projects: — The new Inman Coal resource group began operations with one new mine on February 15, 2008. The start of production was originally scheduled for late 2008. Inman Coal controls a 52 million ton coal reserve with products suitable for steam and metallurgical markets. — The Marfork resource group has opened one new mine and re-activated two existing mines, all in metallurgical coal seams. Production was originally scheduled to begin at these mines in late 2008. — The major expansion at the Company’s Mammoth resource group is nearing completion. One new mine is currently active and another new mine in this group will open shortly. The new belt line is on schedule for an early fall 2008 completion and the new load out facility on the Norfolk Southern rail system is completed and operating. With this expansion, Mammoth can ship high quality steam and mid-quality metallurgical coal by rail or river barge, supplying a wide variety of customers and markets. — The Guyandotte resource group began production of low vol metallurgical coal early in the first quarter of 2008. — At the Logan County resource group, the change from longwall mining to room and pillar continuous miner sections at the Aracoma mine has now been completed. — At its surface mining operations, Massey has started production at the new Empire mine, which is part of the Republic resource group and re- activated its South Surface mine in the Logan County resource group in the fourth quarter of 2007.In addition to previously announced projects, the Company has added several new expansion initiatives. Following is a progress update on new projects that had not been previously announced: — The Company’s Elk Run resource group has re-activated an existing mine in a 7 foot Coalburg seam, which will provide low-cost, high quality product for the thermal coal market. — A new surface mining operation has been added at the Knox Creek resource group near Richlands, VA, which includes a highwall mining system and produces metallurgical quality coal. The surface mine at the Black Castle resource group has also added a new highwall mining system. — Construction is under way on a new mine at the Logan County resource group in Logan County, WV, which is projected to produce about 300,000 tons of metallurgical coal annually.In the first quarter, Massey operations produced 9.9 million tons and shipped 9.6 million tons, which were approximately 0.6 million tons and 0.3 million tons less than first quarter 2007, respectively. The first quarter produced and shipped volumes were as expected in light of the rehabilitation and relocation of the electric shovel and the longwalls as previously announced. First quarter average produced coal revenue is projected to be $55.50 to $56.00 per ton, average operating cash cost to be $45.00 to $46.00 per ton, and other income is projected to be $20 million. These amounts are considered estimates and are subject to change as the Company proceeds through its first quarter financial closing and review procedures. Estimates for total production and total shipments for 2008 have not changed. Increased production as a result of the operations expansion will begin to be evident in the second quarter. The Company expects to release its first quarter earnings on April 24, 2008 after market close.Blankenship, Massey’s Chairman and CEO and Baxter Phillips, Executive Vice President of Massey, will discuss the Company’s expansion projects and outlook with investors at the Howard Weil Energy Conference in New Orleans, LA on Monday, April 7, 2008.Company DescriptionMassey Energy Company, headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the fourth largest coal company in the United States based on produced coal revenue.NON-GAAP MEASURES: “Average cash cost per ton” is calculated as the sum of Cost of produced coal revenue and Selling, general and administrative expense (excluding Depreciation, depletion and amortization), divided by Total produced tons sold. Although Average cash cost per ton is not a measure of performance calculated in accordance with generally accepted accounting principles, management believes that it is useful to an investor in evaluating Massey because it is widely used in the coal industry as a measure to evaluate a company’s control over its cash costs. Average cash cost per ton should not be considered in isolation or as a substitute for measures of performance calculated in accordance with generally accepted accounting principles. In addition, because Average cash cost per ton is not calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies.”Other income” is calculated as the sum of Purchased coal revenue and Other revenue less Cost of purchased coal revenue and Other expense. Although Other income is not a measure of performance calculated in accordance with generally accepted accounting principles, management believes that it is useful to investors in evaluating the Company because it is a widely used measure of gross income from non-core sources. Other income should not be considered in isolation or as a substitute for measures of performance in accordance with generally accepted accounting principles. In addition, because Other income is not calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies.FORWARD-LOOKING STATEMENTS: Certain statements in this press release are forward-looking as defined by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made as well as predictions as to future facts and conditions the accurate prediction of which may be difficult and involve the assessment of events beyond the Company’s control. Caution must be exercised in relying on forward-looking statements including disclosures that use words such as “believe”, “anticipate”, “expects”. Due to known and unknown risks, the Company’s actual results may differ materially from its expectations or projections including disclosures that use words such as “believe,”"anticipate,”"expect,”"estimate,”"intend,”"plan,”"will,”"project,” and similar statements that are subject to risks. Factors potentially contributing to such differences include, among others: market demand for coal, electricity and steel which could adversely affect the Company’s operating results and cash flows; future economic or capital market conditions; deregulation of the electric utility industry; competition in coal markets; inherent risks of coal mining beyond the Company’s control, including weather and geologic conditions; the Company’s ability to expand mining capacity; the Company’s production capabilities; the Company’s plan and objectives for future operations and expansion or consolidation; failure to receive anticipated new contracts; customer cancellations of, or breaches to, existing contracts; customer delays or defaults in making payments; the Company’s ability to manage production costs; the Company’s ability to timely obtain necessary supplies and equipment; the Company’s ability to attract, train and retain a skilled workforce; fluctuations in the demand for, price and availability of, coal due to labor and transportation costs and disruptions, governmental policies and regulatory actions, legal and administrative proceedings, settlements, investigations and claims, foreign currency changes and other factors; and greater than expected environmental and safety regulation, costs and liabilities. The forward-looking statements are also based on various operating assumptions regarding, among other things, overhead costs and employment levels that may not be realized. While most risks affect only future costs or revenues anticipated by the Company, some risks might relate to accruals that have already been reflected in earnings. The Company’s failure to receive payments of accrued amounts could result in a charge against future earnings.Additional information concerning these and other factors can be found in press releases as well as Massey’s public filings with the Securities and Exchange Commission, including the Company’s Form 10-K for the year ended December 31, 2007, which was filed on February 29, 2008. Massey’s filings are available either publicly, on the Investor Relations page of Massey’s website, , or upon request from Massey’s Investor Relations Department: (866) 814-6512 (toll free). Massey disclaims any intent or obligation to update its forward-looking statements. For further information, please contact the Company via its website at . Massey Energy Company

Enhanced Oil Resources, Inc. to present at IPAA Oil & Gas Symposium - New York

HOUSTON, April 3 /PRNewswire-FirstCall/ — Enhanced Oil Resources, Inc. (TSX-V: EOR) today announced that the Company’s President and CEO Barry Lasker will present to the investment community at the Independent Petroleum Association of America’s Oil & Gas Symposium set for April 7-9 in New York. Mr. Lasker’s presentation is scheduled to begin at 4:10 p.m. EDT on Wednesday, April 9. In addition, the Company will host a breakfast table on each day of the conference, which will be held at the Sheraton New York Hotel & Towers in New York.An audio webcast of this presentation will be available via the internet on the IPAA website at . About Enhanced Oil Resources —————————-Enhanced Oil Resources, Inc. (EOR) is an early-stage company focused on developing the St. Johns Helium/CO2 field, and producing oil via enhanced oil recovery processes using CO2 injection in the United States. The Company owns and operates the St. Johns Field, the largest undeveloped Helium and CO2 field in North America. ON BEHALF OF THE BOARD OF DIRECTORS (signed) Barry D Lasker, CEO THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Enhanced Oil Resources Inc.