Solamon Receives TIN Approval in Ghana; Formal Registration of Company Going Forward

Kingston, Jamaica, September 12, 2014 --(PR.com)-- Solamon Energy, in order to conduct business effectively in Ghana, yesterday received its TIN from the Ghana Revenue Authority (GRA), the unique identification number issued to all taxpayers for any anticipated financial transactions. Based on the government's stated requirements, in order to first register a new company, every person liable to pay tax or required to withhold tax at source under any enactment shall apply in a form prescribed by the designated Public Office.

"We are very happy to have concluded this critical yet simple phase of the process," says Solamon CEO Graeme Boyce, who along with SVP Christian Giles are traveling throughout Ghana, "and look forward to receiving our official registration papers for the company shortly. While we remain in Tema, we are continuing to meet many people, decision makers in both the government and private sector, who also appreciate the numerous benefits of introducing solar energy across this diverse and growing country."

According to the African Development Bank, Ghana’s economy is expected to maintain robust growth over the medium term, bolstered by improved oil and gas production, increased private-sector investment, improved public infrastructure development and sustained political stability. Adding, compared to its regional peers, Ghana has the industrial capabilities to export and drive regional value chains in Economic Community of West African States (ECOWAS) countries.

Solamon Energy Corp (GXG:SSL) typically offers a ground-mounted solar array of integrated cells over a package of land called the Apollo Acre™. The company also develops custom solutions with local partners to provide roof-mounted and parking lot systems that are easily augmented by micro wind turbine technology and other innovative features to supply renewable energy locally.

About Solamon: Solamon Energy Corp. sells integrated arrays of ground-mounted and rooftop photovoltaic cells. These solar power plants are connected by cable to varied transmission equipment, including converters, inverters and batteries, utilizing 5 acres of land per unit; each unit is called an Apollo Acre™. Additionally, it is expected the company’s business activities will spin-off many jobs locally, given engineering requirements, construction, unit commissioning and subsequent maintenance.