MSGI Energy Announces Partnership with C Solar; Senate & House Pass Major Energy Reform Bill

NEW YORK--(BUSINESS WIRE)--MSGI Security Solutions Inc, (OTCBB: MSGI) today announced a strategic partnership with Connecticut based C Solar LLC to provide the much needed engineering infrastructure support for planned solar farms in the Northeast. This partnership was unveiled on the heels of Energy Bill 493, which was approved by the Senate and the House last week. The new energy bill represents the most significant legislation change for Connecticut since deregulation was approved 12 years ago.

C Solar is a renewable resources company that has for the past five years specialized in the planning and implementation of photovoltaic systems. MSGI Energy and C Solar are initially planning a series of five solar farms in Connecticut, Massachusetts and New York located on the properties of major academic institutions.

Connecticut pays the highest electrical rates in the Continental United States. Late last week the House and the Senate approved a clean energy bill designed to subsidize solar energy and improve energy efficiency in Connecticut. MSGI Energy and C Solar are already using the American Recovery and Reinvestment Act of 2009 to apply for solar farm grants, which are typically paid within 60 days. This new clean energy bill is expected to improve how fast solar facilities will break even financially.

Jeremy Barbera, Chairman and CEO of MSGI stated, “We have been working on the development and implementation of multiple solar facilities before the Federal stimulus grants expire. C Solar represents a team of highly talented professionals that are passionate and deeply committed to a renewable energy platform. They can provide the required infrastructure to move our clean energy agenda forward in the Northeast. The timing couldn’t be better as Connecticut is now embarking upon major energy reform that will provide greater financial opportunities for clean energy solutions”

Glen Cucinell, President and CEO of C Solar stated, “I am pleased to be partnering with MSGI – they have a great track record. C Solar’s goal is to provide the best possible solar technologies and solutions to the challenges our state and our country face, by working with Jeremy and his group we will be able to expand our reach significantly in the least amount of time possible. This is a win win for everyone involved”