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Abstract
SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - June 7, 2010) - OPEL International Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels and trackers, announced that its revenue outlook for the next 18 months is expected to be significantly higher. This expectation is based on certain reasonable assumptions including the status of projects in the pipeline as well as continued quoting and request for proposal activities with three significant solar project developers. "We currently foresee solar revenues possibly approaching $50M-$80M over the next 18 months as 30-100 Megawatts ("MW") of solar energy projects are installed," said Michael McCoy, Chief Financial Officer of OPEL. "OPEL is definitely at a turning point and should grow dramatically in the next 12 to 18 months."
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward -looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning OPEL's anticipated operational plans and activities including the revenue and growth outlook for the next 18 months, the status of OPEL's existing and potential projects, and the anticipated activities of OPEL's third party relationships.