MINEOLA, N.Y., Oct. 20 /PRNewswire-FirstCall/ -- Clear Skies Solar, Inc. (OTC Bulletin Board: CSKH) today announced the sale of $700,000 of common stock, which together with prior debt and equity financings aggregates $1.6 million raised in the past 5 months. The Company believes this latest investment will help fuel the growth curve anticipated by Clear Skies Solar (CSS). The group of investors was led by a large publicly traded European solar energy firm that has recognized the abilities and opportunities available to CSS.

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"This cash investment is further evidence that the markets are opening up and investors are recognizing the competitive abilities of CSS. We have taken the company post market collapse and returned it to a healthier entity with a more aggressive business plan than originally designed. We have previously told our shareholders that we had the ability and the opportunities to grow and I am pleased to say we are beginning to deliver on that promise and believe that the best is yet to come," says Ezra Green, CEO of CSS.

Green continues, "With multiple contract opportunities being discussed, we hope to start growing rapidly in the near term. As we enter this new era of expected growth, we have structured the company to operate at a higher level of competitiveness. Since we believe our cost of execution is lower than many other companies our closing rate will be increasing while maintaining project profitability and quality."

About Clear Skies Solar:

Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.

Forward-Looking Statement Disclaimer

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

SOURCE Clear Skies Solar, Inc.