Universal Communication Systems, Inc. Releases a Detailed Information Statement on Millennium Electric TOU Inc.; Company to Enter Multi-Billion Dollar
Universal Communication Systems, Inc (OTCBB:UCSY), company chairman Michael J Zwebner today announced that the company in response to the many inquiries and questions it has received as to its acquisition of Millennium Electric TOU Inc, is releasing this following information statement to detail to the public facts relating to the company and its past as well as its future plans and ongoing commercial activities.
In a statement made in Miami, Michael Zwebner said: "This is a very exciting acquisition for our company. It propels us into the state of the art high tech Solar Power Industry, which is currently witnessing huge annual growth in many international spectrums. More and more products and services are being developed to operate on solar power, and through our acquisition of this exciting company, we see ourselves now as becoming a leading pioneer in this industry. We are developing plans to create several independent operating subsidiaries to fully utilize the technology, and create independent revenues from the varying activities."
Millennium Electric TOU Inc., one of Israel's leading companies, is an enterprise focusing on practical applications of solar energy. Millennium is an expert in designing, developing, installing and providing solar energy related products and services. The sophisticated solar energy devices are economical, clean and an environment friendly source of energy/power with a wide variety of practical applications in many fields. Millennium's skills encompass planning, design, construction and installation services and applications not connected to the electric power grid. Millennium's fully computerized systems serve remote housing, villages, street lighting installations, computerized irrigation, communication and various military systems. The company's total system capabilities have been proven in large-scale projects performed for Israel's Ministries of Energy, Housing and Defense. The company's mission is to continue to design and establish solar systems for communities on a world wide basis, based on the MSS a unique patented system that utilized advanced photovoltaic and storage technology combined with flat -plate solar water collector to provide electricity & hot air/ water and air-conditioning for residential and industrial buildings. Being modular, the average basic system can provide from 1kw up to 100 Megawatt of useful power utilizing solar energy products and services, for a more economical, cleaner, and safer environment.
The following is an Achievement Summary: Details of work undertaken.
UNOSOM: United Nations Forces in Somalia - Security lighting and office building Solar System, Project value: $2.73 Million.
Israeli Ministry of Defense: Over 1,000 Security Lights installed along Israeli border, conforming to military specifications. Project Value: $1.3 million.
Ministry of Energy: Electrification of an animal ranch in Israel Desert - a 40kW system. Project value: $189,000.
Ministry of Transportation: Electrification of the Israel Cross Highway, (No. 6) with traffic probe reader. Project value: 500,000.
NY Electric Power Authority: A 30kWp system. Project value: $30,000.
Central Solar System: Installations in over 5 hotels and public buildings worldwide. Total Value: $50 million dollars.
Kalil Village, Western Galilee: Electrification of a 31 unit family village. Project value: $273,000.
Solar RPV Airplane: A solar prototype RPV plane used to replace satellite for communication and photography orbiting at a height of 100 ft. carrying a satellite payload. Total value: $100,000.
Millennium Electric TOU Inc., has a detailed web address, and the public are invited to visit and learn more about the company and its unique products and services. http://www.millennium-electric-inc.com
About Universal Communication Systems, Inc
UCSY is a holding company that incorporates the following subsidiaries. Please visit our new updated web site at http://www.ucsy.com
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About CinemaElectric Inc.
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Safe Harbor: Caution Concerning Forward-Looking Statements by
Universal Communication Systems, Inc.
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaim any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
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