Solpower Corporation begins generating revenue earlier than expected

POMPANO BEACH, Fla., Nov. 19, 2013 /PRNewswire/ -- Solpower Corporation, Symbol (OTCPink: SOCR), today announced it has posted revenue earnings in the company's most recent disclosure and those earnings continue to grow. The company expected to be in a pre-revenue phase until after the first of the year, but early completion of certain applications and the addition of a few custom projects have accelerated that process by months.

"Solpower Corp. is a very unique company, in that we develop and patent new and unique solutions for various high demand, high profit industries. We are not just software developers that make cool apps, we are entrepreneurs and inventors who create proprietary methods with sustainable business models in proven industries that earn revenue and have no direct, competition," explained Solpower Corporation's CEO, Charles Nienstedt, who went on to say, "We are now proving the validity of those models by starting to show revenue on the books. In our last disclosure we showed just the beginnings of revenue generation, but that revenue base has started rapidly expanding, and I think we will surprise everyone with the next few quarters for sure. This is all the result of a lot of planning, and a lot of hard work, but it is what my team and I love to do."

The company starts by selecting high demand, highly profitable industries like healthcare, law enforcement/security, and mobile social network enabled games. They look for the one weakness, problem or opportunity that stands out the most. The team then brainstorms solutions, and they apply them to a revenue generation model. Only then, when a solution shows revenue potential do they begin planning the development of the application. So far this has created some interesting applications with tremendous potential, and some that are already bringing in revenue streams.

Mr. Nienstedt also assures shareholders and investors that the company has no major financing needs at this time, and therefore no plans to issue shares or seek expensive financing. It is the company's goal to keep the share structure exactly where it is now for as long as possible, building shareholder value, and the value of the company's own equity. He also vows to make every attempt to be as transparent as possible and to give shareholders as much information as he can on a regular basis.

About Solpower Corporation
Solpower Corporation, founded in the late 90's has always been on the leading edge of technology. The company owns the popular MedCare Collect payment and billing processing system for healthcare professionals, and is determined to become a leader in producing innovative products and services. For more information, please contact Solpower Corp at: [email protected] or (877)-531-6613, and follow us on twitter: @solpowercorp for updates.

Forward-Looking Statements
This press release contains forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release can be forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct (i) its own forward-looking statements, except as required by law, or (ii) those prepared by third parties that are not paid for by the Company.

SOURCE Solpower Corporation