FT. LAUDERDALE, Fla., Sept. 18 /PRNewswire-FirstCall/ -- Management of SBD International, Inc. , now refocused as a solar power systems integrator has indicated it will seek at least a partial rezoning of the property in which it has a joint venture interest in Chiefland Florida to allow construction of a small solar farm (Less than 20 MW)
Terms of the agreement executed last year indicate that the property owner, Owen Baynard will contribute the property to a joint venture and SBD LLC will manage the design, construction and marketing for the project.
CEO C. Michael Nurse stated, "The 49 acre property has been approved for subdivision into approximately 247 lots. However, given the current Housing market we think a better use of the land may be to place a small solar farm on the property. Given the state initiative to encourage solar power and Florida light and Power's commitment to purchase power from independent power producers, we believe that if we can secure a change in zoning to allow even a portion of the land to be used as a solar farm, the immediate revenue stream even at 7 cents a watt would be tremendous for our income. It would be a great project for our planned manufacturing plant to be able to produce panels for and we would be able to showcase our panels and our integrated systems on one project for which we already have access."
SBD International, Inc., is a Nevada vertically integrated manufacturer and installer of thin film solar panels and associated systems.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although SBD International, Inc. believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
