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Monday, January 05, 2009

Solar Stock Rally

Evolution Solar Comments on Solar Stock Rally

TEMPE, Ariz.--Jan 5 2009 --Evolution Solar Corporation (Pink Sheets: EVSO - News) announced today that solar stocks rallied on news of what is expected to become the largest on-grid solar power station in China. Shares of China Technology Development Group Corp. (NASDAQ:CTDC - News) rose as much as 39% Friday after the company announced it signed an agreement with another China based solar-power company, Qinghai New Energy Group Co., to build a new 30 MW solar-power station.

"Evolution Solar Corporation's Xiemen Group has been very successful in sourcing every aspect of solar not only in China but throughout Asia to include Solar Panels, cells, wafers, ingots, racking/tracking equipment, inverters, and silicon. Our office in Shanghai continues to focus on solar hot water heaters and wind turbines and their components. We are also working very hard to introduce our solar air conditioning unit to the U.S. market in the first quarter of 2009," stated Michael Franklin, director of Asian Operations.

The rally in solar stocks extended across the entire solar industry. First Solar (NASDAQ:FSLR - News), the largest manufacturer of thin film, saw its stock rise $13.54 per share, U.S. solar equipment maker GT Solar Int. (NASDAQ:SOLR - News) was up 24.6%, U.S. cell maker SunPower Corp. (NASDAQ:SPWRA - News) was up 12.8%, and Chinese solar cell maker JA Solar Holdings Co. Ltd. (NASDAQ:JASO - News) closed up 12.6%

About Evolution Solar Corporation
Evolution Solar Corporation (OTC: EVSO - News) commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities. For more information please visit our homepage at:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:Evolution Solar Corp.
Robert Kaapke, CEO
Source: Evolution Solar Corporation

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