CLEARWATER, Fla., July 6, 2011 (GLOBE NEWSWIRE) -- ALAS International Holdings, Inc. (Pink Sheets:VDSC) today announced their plan to begin production of solar panels under an agreement with Green Solar LLC, a Florida corporation, for exclusive manufacturing rights to produce their new solar panels.
Mark Green, owner of Green Solar, stated, "The solar panels we have developed include patented material which we have the exclusive rights to use in the manufacturing of solar panels. We have applied for additional patents to include that material in the process developed by my company.
"Our Green product has proven to produce equal or greater power per panel than competitive panels and is virtually indestructible. When our panels are subjected to extreme punishment, they remained operational with little or no reduction in output. This is important when used in areas subjected to hurricanes, tornados or damaging hale. Our panels will continue to operate, unharmed without the need of expensive replacement. We have entered into an agreement with distributors to begin production of an initial 4,000 Green Solar panels and are excited about moving forward."
Edwin Salmon, ALAS CEO stated, "We plan to start manufacturing with the initial order this week."
About ALAS International Holdings, Inc.:
ALAS International Holdings, Inc., a Nevada corporation, is an international project financing and holding investment corporation, which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. (http://www.redtidedefense.com/">http://www.redtidedefense.com/) which is a manufacturer of UAV (Unmanned Aerial Vehicles). The Company is looking to grow both organically and through strategic acquisitions.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.