Real Goods Solar Announces Changes in the Board of Directors
LOUISVILLE, Colo., June 11, 2013 (GLOBE NEWSWIRE) -- Real Goods Solar, Inc.
(Nasdaq:RSOL), a nationwide leader of turnkey solar energy solutions for
residential, commercial, and utility customers, today announced that Jirka
Rysavy resigned from his position as a director and chairman of the board of
the company. Mr. Rysavy has served as the chairman of the company's board of
directors since its inception. Mr. Rysavy is also the founder of Gaiam, Inc.,
which in 1999 founded Gaiam Energy Tech as its solar division. That company
became Real Goods Solar when it went public in 2008. Until recently, Gaiam was
the largest shareholder of the company.
"On behalf of the entire organization, I would like to thank Mr. Rysavy for
his contributions to the company over the years and for his strategic
leadership to help Real Goods become a significant solar player in the
country," said Kam Mofid, CEO of Real Goods Solar. "With the completion of the
recent equity financing transaction and with a broader shareholder base, we
are now ready to write the next chapter in our journey. I am very optimistic
and excited about the path forward."
Jirka Rysavy said: "After a few years of searching, I believe that the company
now has an excellent CEO and is in a good position to take the next step of
its independent path. This allows me, for the first time in several years, to
focus fully on Gaiam's business and its new start-up Gaiam TV."
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (RSOL) is one of the nation's pioneering solar energy
companies serving commercial, residential, and utility customers. Beginning
with one of the very first photovoltaic panels sold in the U.S. in 1978, the
company has installed more than 14,500 solar power systems representing over
100 megawatts of 100% clean renewable energy. Real Goods Solar makes it very
convenient for customers to save on their energy bill by providing a
comprehensive solar solution, from design, financing, permitting and
installation to ongoing monitoring, maintenance and support. As one of the
nation's largest and most experienced solar power players, the company has 15
offices across the West and the Northeast. It services the commercial and
utility markets through its RGS Energy division. For more information, visit
RealGoodsSolar.com or RGSEnergy.com, on Facebook at
http://facebook.com/realgoodssolar and on Twitter at
This press release includes forward-looking statements relating to matters
that are not historical facts. Forward-looking statements may be identified by
the use of words such as "expect," "intend," "believe," "will," "should" or
comparable terminology or by discussions of strategy. While Real Goods Solar
believes its assumptions and expectations underlying forward-looking
statements are reasonable, there can be no assurance that actual results will
not be materially different. Risks and uncertainties that could cause
materially different results include, among others, failure to close the
above-reference sale of securities, introduction of new products and services,
completion and integration of acquisitions, the possibility of negative
economic conditions, and other risks and uncertainties included in Real Goods
Solar's filings with the Securities and Exchange Commission. Real Goods Solar
assumes no duty to update any forward-looking statements.
CONTACT: Media and Investor Relations Contact:
Liolios Group, Inc.
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