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First Power and Light Signs LOI to Acquire SolPower



First Power and Light Signs LOI to Acquire SolPower

First Power and Light, LLC (FPL) has signed a Letter of Intent to acquire
SolPower Renewables, Inc. a Florida corporation in a stock only transaction.

BRIDGEPORT, Pa., Nov. 7, 2013 (GLOBE NEWSWIRE) -- via PRWEB - First Power and
Light, Inc. (OTCBB:VOLT) announced today that its acquisition target, First
Power and Light, LLC (FPL) has signed a Letter of Intent to acquire SolPower
Renewables, Inc. a Florida corporation in a stock only transaction. SolPower
sells Engineering, Procurement and Construction (EPC) services in Florida,
South and Central America as well as the Caribbean.

Management of SolPower is projecting revenue in excess of $15 million (USD)
for fiscal 2014, including a solar system designed to provide electricity to
150 homes in a large South American country.

FPL intends for SolPower to operate as a wholly owned subsidiary allowing it
to maintain its focus on these geographic areas that are not currently
serviced by FPL.

FPL is in the wholesale, liquidation and solar panel procurement business with
one of its divisions a prominent EPC firm building residential and commercial
solar arrays. This EPC division has completed many high profile projects
including several federal government buildings, including the Mary E. Switzer
building in Washington, D.C.

Currently, there is a boom in solar building projects for all segments in the
industry. First Power and Light is located in the mid-Atlantic region, where
statistically in 2013, New Jersey, New York and Pennsylvania is producing more
solar jobs than are Arizona, California and New Mexico, collectively.

VOLT is in the process of completing its acquisition of FPL. Management will
finalize this acquisition upon completion of FPL's audit. The audit of FPL is
currently ongoing and upon completion, the Company's acquisition of FPL will
be finalized as expeditiously as possible. Since the acquisition has not yet
been completed all financial information currently reported in the Company's
filings with the SEC do not reflect the business activities of FPL.

For questions, please contact Malcolm Adler, President & CEO at (610)
292-0909.

Statements contained herein that are not based upon current or historical fact
are forward-looking in nature. Such forward-looking statements reflect the
Company's expectations about its future operating results, performance and
opportunities that involve substantial risks and uncertainties. When used
herein, the words "anticipate," "believe," "estimate," "plan," "intend" and
"expect" and similar expressions, as they relate to First Power and Light,
Inc., or its management, are intended to identify such forward-looking
statements. These forward-looking statements are based on information
currently available to the Company and are subject to a number of risks,
uncertainties, and other factors that could cause the Company's actual
results, performance, prospects, and opportunities to differ materially from
those expressed in, or implied by, these forward-looking statements. Factors
that could cause or contribute to such differences include, but are not
limited to, such factors, including risk factors, discussed in the Company's
periodic reports and other filings made with the U.S. Securities and Exchange
Commission, including its Annual Report for the year ending September 30, 2012
filed on Form 10K. Except as required by the Federal Securities law, the
Company does not undertake any obligation to release publicly any revisions to
any forward-looking statements to reflect events or circumstances after the
date hereof or for any other reason.

This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
http://www.prweb.com/releases/solar-panels-pv/renewable-energy/prweb11309600.htm

CONTACT: First Power and Light, Inc
         Malcolm Adler
         madler@firstpowerandlight.com
         +1 (610) 292-0909
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