This is from the tdwaterhouse site5 May 2009 16:28
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RNS Number : 6578R
Solar Integrated Technologies Inc
05 May 2009

SOLAR INTEGRATED TECHNOLOGIES
REVIEW OF STRATEGIC ALTERNATIVES AND UPDATE ON CREDIT FACILITY
London, UK and Los Angeles, California, May 5, 2009 - Solar Integrated Technologies, Inc. (AIM:SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has retained Thomas Weisel Partners LLC (TWP) as its financial advisor. TWP is assisting the Company's board of directors and management in evaluating strategic alternatives to enhance shareholder value including, but not limited to, a possible sale of the Company and various financing alternatives. In connection with this process, the Company is actively pursuing discussions with potential strategic purchasers and is currently in discussions.
The Company also announced that it has discontinued its discussions with a commercial lender relating to an asset-based revolving line of credit of up to $25 million. This credit facility was expected to replace the Company's existing facility with an affiliate of GE Energy Financial Services (GE). The Company also announced that it has extended the term of its loan and security agreement with GE Energy Financial Services until July 3, 2009.
In addition to the facility, the GE unit currently holds a warrant to purchase 2,617,353 common shares of the Company at an exercise price of £0.12 per share expiring December 31, 2013.
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