TSSP Trendsetter Solar Products Inc (CE)

TrendSetter Solar Products, Inc. (OTCPK: TSSP) announced today that it has reported financial statements for the Fiscal Years Ending 2007 and 2006. The compiled financial statements have been prepared according to GAAP standards by an independent CPA firm. The financials will be posted on Pink Sheets and the Company web site. The financials report losses from Company operations improving in 2007 over 2006. Although, overall Company sales for the same period were flat at $1.3 million; the sales trends for the core company solar thermal products have shown increases in 2007 over 2006. The balance sheet shows increased current assets of approximately $183,000, reduced current liabilities of approximately $122,000; increased working capital of approximately $305,000; debt equity ratio reduced to approximately 3 to 1; and increased stockholders equity of approximately $301,000. The Statement of Operations shows an increased gross profit ratio from 20.7% to 32.6%, thereby reducing the break-even point for the Company to approximately $2.4 million in sales per year, general and administrative expenses reduced approximately $70,000, and losses reduced approximately $214,000 from 2006 to 2007. The Company has scheduled an Annual Shareholders meeting to be held at 10:00 a.m., August 28, 2008, at the Wharfinger Building Complex, 1 Marina Way, Eureka, California 95501. The record date for shareholders entitled to attend and to vote at shareholders meeting has been changed to August 8, 2008. The Company had previously stated that the record date would be July 28, 2008. About TrendSetter Solar Products TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial market. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program. A standard residential hot water heater emits approximately one and a half tons of carbon dioxide and carbon monoxide into the atmosphere. TrendSetter's solar hot water heating and storage systems are emissions free. As global warming and alternate and renewable energies become more of a concern, TrendSetter's products are one of the answers. Additional information can be seen at the Company's website www.trendsetterindustries.com. Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, and other factors which may be identified from time to time in the company's public announcements.