Solar Integrated Technologies to Join AIM

On 12th May 2004, The Exchange welcomed Solar Integrated Technologies to AIM.

Solar Integrated Technologies (SIT) manufactures and installs turnkey photovoltaic roofing systems for commercial and industrial applications.  The founding management of the Los Angeles-based company have over 40 years experience of the roofing industry and have positioned SIT as a commercial provider of energy efficient roofing systems. The company combines solar technology with industrial roofing materials to offer a roofing solution, which can turns a roof into a revenue generating asset.

Mr. David Potter, Chairman of Solar Integrated Technologies, commented on joining AIM:
 "The management of SIT have a proven track record in building successful businesses and have excellent experience of the commercial and industrial roofing sector. The SIT photovoltaic/roofing solution is seeing high demand from new as well as existing customers with a forward contracted order book of $74million".

 "The company has chosen to join AIM because of the desire of our customers to grow our presence in Europe and also gives access to the sophisticated investor base focused in the emerging renewable energy sector ".

 Libertas Capital is the Financial Adviser to SIT and the Nominated Adviser and Broker to the company is KBC Peel Hunt.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  In some cases you can identify forward-looking statements by terms such as "may," "intend," "might," "will," "should," "could," "would," "expect, "believe,"  "estimate," "anticipate," "predict," "project," "potential,"or the negative of these terms, and similar expressions intended to identify forward-looking statements.  Investors should not place undue reliance on the forward-looking statements contained in this news release.  Forward-looking statements are based on assumptions and estimates and are subject to risks and uncertainties.  Important factors that could cause actual results to differ materially from those identified in the forward-looking statements in this news release include: changes in general economic and political conditions, interest rates and currency exchange rates; market factors, including competitive pressures and changes in pricing policies; changes in interpretations of existing legislation or the adoption of new legislation; loss of major customers; the occurrence of litigation or claims; natural and manmade disasters, including acts of terrorism or war; and other factors described in the "Risk Factors" sections of the Company's AIM Admission Document dated 7 May 2004.  Each forward-looking statement speaks only as of the date on which it is made, and except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.