"Akeena Solar Inc. (AKNS) shares closed yesterday at $4.47, down 4.68% from the previous close of $4.27. Akeena Solar engages in the design, integration, installation, marketing and sale of solar power systems for residential and small commercial customers in the United States...

"The company recently announced the launch of several new community initiatives in Orange County designed to meet market demand in Newport Beach, Laguna Beach, Huntington Beach and the surrounding communities. The programs build on Akeena Solar's proven community program model that recently saw more than 30 new residential installations in less than 60 days in the Northern California city of Livermoreâ?¦

"The company said these new programs are in response to Southern California's rising concern over skyrocketing electricity costs this summer and looming utility rate hikes this winter..."

"Solarfun Power Holdings Co. Ltd. (SOLF) shares closed yesterday at $12.98, up 2.69% from the previous close $12.64. Solarfun, through its subsidiaries, engages in the development, manufacture and sale of photovoltaic (PV) cells and PV modules. It offers monocrystalline and multicrystalline silicon cells and modules, monocrystalline ingots, and raw materialsâ?¦

"The company recently reported a sound quarter, with net income of $11.4 million, or 23 cents per American depository share, while revenue was recorded at $197.1 million. PV module shipments reached 43.1 MW in the second quarter, an increase of 162% from the same period last year. The company raised 2008 shipments guidance to 175-190 MW from previous 160-180 MW.â?¦

"Solarfun also recently entered into a three-year supply agreement with Q-Cells International, a subsidiary of solar cell provider Q-Cells AG. The Q-Cells agreement just signed was an important beginning of what both parties hope to be a solid and growing relationship, including technology cooperation. The letter-of-intent specifies a three-year agreement, whereby Solarfun will provide a minimum of 100 MW of modules per year, using cells supplied by Q-Cells. This transaction supports the company's ability to make high quality PV modules at competitive pricesâ?¦"

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An eight-year extension of the federal investment tax credit and the removal of the $2,000 limitation for residential installations will drastically decrease the cost of solar for homeowners. The solar tax credits, first introduced in 2005, have been instrumental in encouraging the expansion of the industry.

Akeena has been installing solar systems since 2001 and began with one office in Northern California. In the past two years Akeena has seen the number of offices it operates grow from one to 10, including offices serving California, Connecticut, Colorado, New York, New Jersey and Hawaii.

"We've been in this industry since the beginning -- we've seen where it's been, and now we are excited to guide its future as more and more people make the switch to clean, renewable, and now more affordable solar power," Cinnamon said.

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States. The company's new integrated solar panel system, Andalay, is the only solar panel system with integrated racking, wiring and grounding. Andalay panels offer unprecedented reliability, performance and beautiful design. For more information, visit Akeena Solar's website at www.akeena.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Akeena Solar Inc.

CONTACTS: Company Contact:
            Barry Cinnamon
            Akeena Solar, Inc.
            bcinnamon@akeena.com
            (408) 406-0058

          Public Relations Contact:
            Wendy Rosen
            Antenna Group Public Relations
            (415) 977-1930
            wendy@antennagroup.com

Expected next investor conference call information:
Conference Call Date: 8/6/2008
Conference Call Time: 2:00 PM
Conference Call URL: http://phx.corporate-ir.net/phoenix.zhtml?c=201840&p=irol-calendarPast

"We are pleased to welcome Ed to our Board of Directors, and we look forward to benefiting from his significant business expertise," said Scott Rewick, CEO of AdEx Media. "Ed brings an impressive track record from his work with leading PC software, Internet and consumer product companies, and his insights and contributions will be extremely helpful to AdEx Media as we work to grow our business."

About AdEx Media

AdEx Media operates one of the leading online direct marketing companies, with an emphasis on successfully purchasing multi channel sources of online media distribution. Using its proprietary tracking technology allows AdEx Media to establish a large presence with a variety of distribution channels and deliver volume and quality for its online advertisers.

For more information about AdEx Media, visit http://www.AdEx.com.

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

Contact:
Email Contact
(650) 967-3040

SOURCE: AdEx Media, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=6EF3F898549BA248