GiraSolar Reports Revenues of $36,637,654 for the 6 Months Ending June 30, 2006, Now Fully Reporting

September 12, 2006

GiraSolar, Inc. (PINKSHEETS: GRSR) (FRANKFURT: L2I) is pleased to announce its quarterly earnings for the period ending June 30, 2006.

GiraSolar BV reported revenues of $36,637,654, and a gross profit of $977,632 for the 6 months ended June 30, 2006. For the period the company reported a net loss of ($115,521), or ($0.02) earnings per share. 

COO Koen Dirven of GiraSolar BV stated, “With this current quarterly report GiraSolar is now fully reporting under US GAPP and PCAOB rules, and is currently compliant with its filings with the SEC. In the process of bringing GiraSolar into clearer transparency, the company anticipates filing its form 15c2-11 with a qualified broker-dealer to establish a more liquid market place for its common stock, and begin the process to list on the OTC BB exchange. Further information in regards to a 15c2-11 filing should be announced shortly.”

About GiraSolar BV

GiraSolar is a Dutch holding company, based in the Netherlands, but with a focus on the solar energy world market. It is an umbrella organization for subsidiaries, partners and affiliated entities, active in the field of solar energy product development, production and application. GiraSolar’s three main divisions which consist of 100% owned DutchSolar B.V., 51% owned GiraSolar Turkey Ltd. Ste. (GST), and 100% owned GiraMundo B.V. DutchSolar BV is based in the GiraSolar headquarters in Deventer, The Netherlands, and has production locations in the Netherlands and abroad. www.girasolar.com

This press release contains forward-looking statements within the meaning of federal securities laws. The Company cautions you that any statements contained in this press release which are not strictly historical statements constitute forward-looking statements. Such forward-looking statements include, but are not limited to, all statements regarding revenue growth and being now more than comfortable with our set target for end September. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, (copies of which may be obtained at the SEC’s website at: http://www.sec.gov) — could impact the forward-looking statements contained in this press release. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

Source:  SOURCE:  GiraSolar

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One Response to “GiraSolar Reports Revenues of $36,637,654 for the 6 Months Ending June 30, 2006, Now Fully Reporting”

  1. Hmm said

    What went wrong with 15c2-11 form? Seems that it did not get accepted. Hmm, this operation has so much shadiness around it. The only question is whether the Dutch are clean. If not…

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