Date: Tuesday, May 16, 2006
Trading Symbol: OTCBB:OEGY
Open Energy Corporation Retains Integrated Corporate Relations for Investor and Public Relations Support
SOLANA BEACH, CA - May 16, 2006 - Open Energy, Corp. (OTC BB: OEGY), a renewable energy company focused on the development of solar energy technologies that deliver low-risk, cost competitive electricity and fresh water, today announced that it has retained Integrated Corporate Relations, Inc. (ICR) as its investor and public relations agency of record.
Open Energy Corporation has developed and patented a portfolio of breakthrough technologies that are positioned to dramatically expand the use of solar energy in the commercial production of electricity and fresh water. The Company's mission is to harness the power of sun to meet the growing resource demands of sustainable 21st Century development.
David Saltman, Open Energy Corp.'s CEO, stated, "This is an exciting period for Open Energy as the renewable energy market is poised for tremendous growth and expansion. In addition to market leading technology and products, we recognize the need to build strong brand recognition among all of our key stakeholder groups. The team at ICR has extensive knowledge of the capital markets and the media, as well considerable background in both renewable energy business and policy. We look forward to working with them to establish Open Energy as the leading partner for business, consumers, investors, NGOs and others interested in renewable energy."
ICR will be providing full-service investor and public relations for Open Energy, including strategic counseling, corporate communications, and proactive outreach to the investment community, including financial institutions and the media.
John Mills, Senior Managing Director of ICR, said, "We are very excited to partner with this dynamic company. Renewable energy is an exciting and fast growing sector and Open Energy has the kind of leadership and growth potential that will garner considerable interest in the capital markets and beyond. We look forward to helping them build one of the true leadership brands in the sector."
About Open Energy Corp.
Open Energy Corp. focuses on the development and commercialization of renewable energy products and technologies for a wide range of applications including solar energy, power production, and water desalination. The Company pursues these objectives through acquisitions, strategic partnerships, technology transfer opportunities, and other business strategies. The Company's mission is to harness the power of sun to meet the growing resource demands of sustainable 21st Century development.
About Integrated Corporate Relations, Inc.
Founded in 1998, Integrated Corporate Relations is a leading strategic communications firm, focused on investor relations and corporate public relations. With more than 150 clients, ICR is a top 20 independent agency and has been recognized by PRWeek Magazine as one of the country's fastest growing firms in each of the last five years.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Open Energy Corp. has little or no control.
CONTACT:
Integrated Corporate Relations, Inc.
John Mills (Investor Relations)
(310) 395-2215
jmills@icrinc.com
Michael Fox (Media)
(203)682-8230
mfox@icrinc.com
