Spectacular Solar CEO Doug Heck Pens Open Letter
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Posted On: 02/03/2020 10:08:49 AM
Spectacular Solar CEO Doug Heck Pens Open
Letter to Shareholders and Potential Investors
Rahway, NJ, February 3, 2019 – Spectacular Solar, Inc. (OTCPK: SPSO), is pleased to release
the following corporate update in the form of an open letter from CEO Doug Heck to all
stakeholders:
Dear Shareholders and Potential Investors,
First, I would like to thank each and every one of our loyal shareholders for their support. I firmly
believe that the record growth and subsequent expansion of Spectacular Solar is not only
sustainable but has the potential to occur at even more significant levels.
It is with great pride and pleasure that I can provide you with the first annual Spectacular Solar
shareholder letter. In order to fulfill our promise to be as transparent as possible, this letter will
be released in future years on or before February 3.
We finished 2019 on a very strong note. While we are still working with the audit committee,
Albeck Financial Services, our pre-audit firm, and M & K to finalize and audit our financials, I
can announce that our top line revenue number for the year is a strong record for Spectacular
Solar. The 2019 audited financials will be released before the March 31 due date for the annual
report. An earnings call will be scheduled upon completion of the audit.
Upon filing our audited financials for 2019, we will immediately be submitting an application to
uplist to the OTCQB Venture Market. This is simply not uplisting for the sake of trading on a
higher platform. The Venture Market platform has the OTCQB Visibility Program as well as their
Blue Skies Initiative, which allows retail brokers to make stock recommendations and distribute
research material on OTCQB securities. This will be significant for Spectacular Solar.
We have already had preliminary discussions with the vice-president of OTC Markets Group
and the audited financial report for 2019 is the final piece needed to successfully uplist. Our goal
is to be able to trade on the NASDAQ by the close of 2021.
Our business model works and is built to be successful well into the future and every contract
we sign is a win for Spectacular Solar, our clients and you, our valued shareholders.
As a point of reference for all our shareholders, though contracts may be signed, we do not
announce contracts until the financing has been approved. At this point, we have a backlog of
$50 million in projects and we look forward to releasing the names of each as they come to
fruition. A press release will be disseminated later this week with the details of the Chelsea Pub
project in Atlantic City that was announced on Twitter. We now have secured client financing for
over $1.3 million in contracts in 2020
While increasing revenue is the number one way we intend to increase the value of Spectacular
Solar stock, we took steps in 2019 to make the share structure is more attractive by reducing
the Authorized Common Shares by 400 million shares and the number of common shares
outstanding by over 300 million shares .
That trend will continue in 2020. We will be reaching out to SPSO stockholders that were issued
their certificates seven or more years ago to see if they would be willing to sell back to the
company and then subsequently be retired. In addition to this effort, the company has budgeted
$100,000 in 2020 to repurchase shares on the open market and retire those as well.
Additionally, we were informed late last week that one of the directors on our board will be filing
a Form 4 as he intends to buy at least 2,000,000 shares on the open market. While not required
to do so because SPSO does not fall under the auspices of the 1934 Securities Act, he wanted
to be sure of complete transparency.
Last week, I announced the hiring of Tara Pomparelli, Esq., on Twitter. Tara not only has
tremendous legal knowledge in the areas of contracts, both private and government, but she
also has a keen understanding of renewable energy and our business model. Her contributions
will be critical as Spectacular Solar looks to expand its footprint.
I would also like to announce that we have filled our general manager position as Mario
Martinez has taken on this challenge. Mario has been successful in both the residential and
business solar energy arenas. With Mario now in this position, it allows me to focus on my role
as CEO of this company and hand over the day to day operations to Mario and our CFO,
Antonio Perez.
In December, we shared the names of our new board of directors. I consider their acceptances
of director positions for Spectacular Solar one of the biggest successes thus far. We have
already established a synergy that will pay dividends for all stakeholders in the years to come.
It’s hard to believe it has not even been 18 months since we took Spectacular Solar public. The
board constantly reminds me that we really have accomplished a great deal in a short of amount
time although I am constantly pushing for more results.
I thank you for your investment into Spectacular Solar and I look forward to successfully leading
this company into the new decade and providing you with a maximum return on your
investment.
Sincerely,
Doug Heck, CEO
For more information: please visit http://www.spectacularsolar.com and please follow us on Twitter:
@SPECTACULARSOL1
Investor Relations/Media Contact: Gregg Boehmer: laynemichaelpr@gmail.com
Wyndham Hotel Project Video: https://youtu.be/BPLKjgdFaOw
About Spectacular Solar, Inc.: Spectacular Solar is a diversified company involved in solar
system installations, investment fund management, and roofing contracting through its
subsidiaries. DC Solar Integrators designs and installs state-of-the-art solar conversions for home
and business owners. Star Power Services is a bonded and licensed roofing contracting company
with expertise in new roof installation, repairs, and maintenance. The Solar Energy Investors Fund
contributes to the ongoing insurance expenses directly associated with installation of solar
systems. In return, the fund receives a share of tax benefits and ongoing revenue generated from
electricity sales.
Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance.
These statements reflect the company's current expectations and are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company doesn’t
undertake to update or revise these forward-looking statements, even if experience or future
changes make it clear that any projected results, expressed or implied, in this or other company
statements will not be realized. Readers are cautioned that these statements involve risks and
uncertainties, many of which are beyond the company's control, which could cause actual results
to differ materially from the forward-looking statements. Factors that could cause these
differences include, but are not limited to, the acceptance of our products, lack of revenue growth,
failure to realize profitability, inability to raise capital and market conditions that negatively affect
the market price of our common stock. The Company disclaims any responsibility to update any
forward-looking statements.
Letter to Shareholders and Potential Investors
Rahway, NJ, February 3, 2019 – Spectacular Solar, Inc. (OTCPK: SPSO), is pleased to release
the following corporate update in the form of an open letter from CEO Doug Heck to all
stakeholders:
Dear Shareholders and Potential Investors,
First, I would like to thank each and every one of our loyal shareholders for their support. I firmly
believe that the record growth and subsequent expansion of Spectacular Solar is not only
sustainable but has the potential to occur at even more significant levels.
It is with great pride and pleasure that I can provide you with the first annual Spectacular Solar
shareholder letter. In order to fulfill our promise to be as transparent as possible, this letter will
be released in future years on or before February 3.
We finished 2019 on a very strong note. While we are still working with the audit committee,
Albeck Financial Services, our pre-audit firm, and M & K to finalize and audit our financials, I
can announce that our top line revenue number for the year is a strong record for Spectacular
Solar. The 2019 audited financials will be released before the March 31 due date for the annual
report. An earnings call will be scheduled upon completion of the audit.
Upon filing our audited financials for 2019, we will immediately be submitting an application to
uplist to the OTCQB Venture Market. This is simply not uplisting for the sake of trading on a
higher platform. The Venture Market platform has the OTCQB Visibility Program as well as their
Blue Skies Initiative, which allows retail brokers to make stock recommendations and distribute
research material on OTCQB securities. This will be significant for Spectacular Solar.
We have already had preliminary discussions with the vice-president of OTC Markets Group
and the audited financial report for 2019 is the final piece needed to successfully uplist. Our goal
is to be able to trade on the NASDAQ by the close of 2021.
Our business model works and is built to be successful well into the future and every contract
we sign is a win for Spectacular Solar, our clients and you, our valued shareholders.
As a point of reference for all our shareholders, though contracts may be signed, we do not
announce contracts until the financing has been approved. At this point, we have a backlog of
$50 million in projects and we look forward to releasing the names of each as they come to
fruition. A press release will be disseminated later this week with the details of the Chelsea Pub
project in Atlantic City that was announced on Twitter. We now have secured client financing for
over $1.3 million in contracts in 2020
While increasing revenue is the number one way we intend to increase the value of Spectacular
Solar stock, we took steps in 2019 to make the share structure is more attractive by reducing
the Authorized Common Shares by 400 million shares and the number of common shares
outstanding by over 300 million shares .
That trend will continue in 2020. We will be reaching out to SPSO stockholders that were issued
their certificates seven or more years ago to see if they would be willing to sell back to the
company and then subsequently be retired. In addition to this effort, the company has budgeted
$100,000 in 2020 to repurchase shares on the open market and retire those as well.
Additionally, we were informed late last week that one of the directors on our board will be filing
a Form 4 as he intends to buy at least 2,000,000 shares on the open market. While not required
to do so because SPSO does not fall under the auspices of the 1934 Securities Act, he wanted
to be sure of complete transparency.
Last week, I announced the hiring of Tara Pomparelli, Esq., on Twitter. Tara not only has
tremendous legal knowledge in the areas of contracts, both private and government, but she
also has a keen understanding of renewable energy and our business model. Her contributions
will be critical as Spectacular Solar looks to expand its footprint.
I would also like to announce that we have filled our general manager position as Mario
Martinez has taken on this challenge. Mario has been successful in both the residential and
business solar energy arenas. With Mario now in this position, it allows me to focus on my role
as CEO of this company and hand over the day to day operations to Mario and our CFO,
Antonio Perez.
In December, we shared the names of our new board of directors. I consider their acceptances
of director positions for Spectacular Solar one of the biggest successes thus far. We have
already established a synergy that will pay dividends for all stakeholders in the years to come.
It’s hard to believe it has not even been 18 months since we took Spectacular Solar public. The
board constantly reminds me that we really have accomplished a great deal in a short of amount
time although I am constantly pushing for more results.
I thank you for your investment into Spectacular Solar and I look forward to successfully leading
this company into the new decade and providing you with a maximum return on your
investment.
Sincerely,
Doug Heck, CEO
For more information: please visit http://www.spectacularsolar.com and please follow us on Twitter:
@SPECTACULARSOL1
Investor Relations/Media Contact: Gregg Boehmer: laynemichaelpr@gmail.com
Wyndham Hotel Project Video: https://youtu.be/BPLKjgdFaOw
About Spectacular Solar, Inc.: Spectacular Solar is a diversified company involved in solar
system installations, investment fund management, and roofing contracting through its
subsidiaries. DC Solar Integrators designs and installs state-of-the-art solar conversions for home
and business owners. Star Power Services is a bonded and licensed roofing contracting company
with expertise in new roof installation, repairs, and maintenance. The Solar Energy Investors Fund
contributes to the ongoing insurance expenses directly associated with installation of solar
systems. In return, the fund receives a share of tax benefits and ongoing revenue generated from
electricity sales.
Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance.
These statements reflect the company's current expectations and are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company doesn’t
undertake to update or revise these forward-looking statements, even if experience or future
changes make it clear that any projected results, expressed or implied, in this or other company
statements will not be realized. Readers are cautioned that these statements involve risks and
uncertainties, many of which are beyond the company's control, which could cause actual results
to differ materially from the forward-looking statements. Factors that could cause these
differences include, but are not limited to, the acceptance of our products, lack of revenue growth,
failure to realize profitability, inability to raise capital and market conditions that negatively affect
the market price of our common stock. The Company disclaims any responsibility to update any
forward-looking statements.
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