SISM Research Initiates Independent Coverage On Prime Sun Power

(Investrend Research Syndicate) -- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has initiated coverage on Prime Sun Power, Inc., (OTCBB: PSPW) (Frankfurt: PSD) with a long-term, 18-36 month stock target price, based on projected EV/EBITDA valuation.

The full report includes important disclosures, disclaimers and analyst information. Investrend and SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Investrend and SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process. More about ratings and valuations is available via Investrend (at http://www.investrend.com/ratings).

A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download via Investrend Syndications (at http://www.investrend.com/synd0007). Additional information about Prime Sun Power is available via the Company’s website (at http://www.primesunpower.com).

According to analyst Schlotter’s report:

"Prime Sun Power, Inc., headquartered in New York, USA, is positioning itself as a clean energy utility-scale company, focused on building, managing, operating, and selling photovoltaic (PV) energy projects in Southern Europe. The Company is poised to take advantage of the growth of energy demands and technological advances that will drive the coming surge in the global solar generated electricity market. PSPW intends to develop, build and operate 500 MW of solar power generation by the end of 2013. In addition, another 50 MW per year is expected to be acquired by third party investors.

"PSPW has established investment partners and continues to seek worthwhile opportunities to grow its business model, including joint venture projects. As a publicly traded company, Prime Sun Power projects that it will finance its ventures through sophisticated and institutional equity investors as well as debt financing. Recently, PSPW signed several Master Acquisition Agreements in Italy, France and Greece to acquire Turnkey Alternative Energy Plants, producing a total of 225 MW of power. The closings of each of these Master Acquisition Agreements and all future photovoltaic solar power generation projects are contingent on the Company’s ability to secure financing.

"Prime Sun Power has also engaged a team of twelve engineers to manage and supervise the Company’s photovoltaic power plant projects. PSPW has also teamed up with Bangkok Solar Power Co., a worldwide leading manufacturer of Amorphous Silicon Photovoltaic Modules and is also an EPCI contractor.”

Notation regarding price targets and EV/EBITDA projections: All current and/or future price targets and/or EV/EBITDA projections are the sole opinions of SISM Research and have not been endorsed or adopted by Prime Sun Power, Inc.

About Prime Sun Power, Inc.

Prime Sun Power, Inc., is positioning itself as a clean energy utility-scale company with an emphasis on the development, construction and operation of its own and third party photovoltaic power plants. The Company is focusing on photovoltaic solar power generation in Europe, particularly in Italy, France and Greece. The Company plans to develop, build and operate 500 megawatts of photovoltaic solar power generation through the end of 2013 and plans to use revenues generated from sales of projects to third parties in the development and construction of its own power plants. The Company strategy is to act as a consortium-leader with reputable world-leading EPC and module suppliers to deliver all projects on a turnkey basis. The Company aims to achieve a leading position in the provision of solar energy.

About SISM Research

SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium (http://www.investrend.com/FIRST), takes steps to ensure the independence and integrity of SISM’s published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers”, which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies.

About The Investrend Research Syndicate

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Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning future stock prices and EV/EBITDA projections are also deemed to be forward looking statements, as each such statement constitutes a prediction which is inherently uncertain. No assurances or guaranties of any nature or kind with respect to actual outcomes are to be construed from any forward looking statements.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control or foresight of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing to close agreements and obtain operating capital, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain permits, potential delays or obstacles in operations. Additional information and risks pertaining to the Company can be found in Company filings available on the website of the U.S. Securities and Exchange Commission (at http://www.sec.gov). The Company does not undertake any duty to update any information included in reports published by SISM Research or any other third parties.

Disclosures / Disclaimers

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