FOR IMMEDIATE RELEASE
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GREGORY OWENS, JR. ELECTED TO VU1’S BOARD OF DIRECTORS
Seattle, WA – July 27, 2010 - Vu1 Corporation (OTCBB: VUOC), a developer and manufacturer of mercury-free, energy-efficient, general illumination lighting technology, today announced that Gregory Owens, Jr., 31, has been elected to its Board of Directors.
Mr. Owens is a Portfolio Manager at SAM Advisors, LLC (SAMA) and also holds the title of Senior Vice President with Smith Asset Management, Inc. (SAMI) in New York City. Mr. Owens has more than a decade of capital markets experience in the securities industry, including tenures with Citi Global Capital Markets and AG Edwards, before joining SAMA and SAMI in 2008.
As a portfolio manager at SAMA, Mr. Owens’ portfolio holdings reflect deep value and special situation investments, typically purchasing publicly traded assets at what the group feels are steep discounts to their ultimate intrinsic value. Mr. Owens attended Syracuse University, where he earned a Bachelor of Science in Finance.
“I am delighted to have Greg join Vu1’s Board at this important stage in the company’s development as we transition from technology development to full scale commercial production,” commented Duncan Troy, Vu1’s Chairman. “We have valued the relationship with SAM Advisors, and now Greg’s deep analytical and capital markets experience will be a great addition to the Board and I look forward to working with him and SAM Advisors, LLC as a trusted partner.”
“My colleagues and I at SAM Advisors have been extremely pleased with the recent activity level at Vu1, and the preliminary order several weeks ago validates our long-term belief in the promise of the Company’s ESL lighting technology,” commented Gregory Owens, Jr. “We have been shareholders for some time and being on the Board allows me to work closely with Duncan and the rest of the Board and the senior management team to ensure the Company capitalizes on its business opportunities, monetizing not only our investment but for every current and future shareholder.”
About Vu1 Corporation
Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally-friendly lighting solutions worldwide. Vu1’s ESL™ Technology creates the same light quality as an incandescent bulb but is more energy efficient. There is no use of the neurotoxin Mercury (Hg) in the lighting process and the ESL™ Technology fits neatly into classic light bulb shapes similar to those familiar to consumers everywhere. This eliminates the need to bend the technology into an unusual, twisted spiral shape (CFL) or have costly and heavy heat dissipation designed into the bulb housing (LED). To learn more about Vu1’s technology, please view the video link http://vu1corporation.com/ESLupdate/ or go to: http://www.vu1.com/
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain the necessary funding required for our operations, the future demonstration and commercial availability of our light bulb, timing for submission of our light bulb to certification and certification results, timing for bulb production, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, the viability, pricing and acceptance of our products in the market. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2009 and our other periodic reports as filed from time to time).
For product enquires please contact info@Vu1.com .
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