M2 PRESSWIRE-January 19, 2011-Associatesfortune.com: Todaya[euro](tm)s Profiled Companies: eLayaway, Inc. (OTCBB: ELAY) & Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL)(C)1994-2011 M2 COMMUNICATIONS
RDATE:19012011
Boston, MA -- eLayaway, Inc. (OTCBB: ELAY); Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL)
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Company News: eLayaway, Inc. Adds Seasoned Industry Professional to
Executive Team
TALLAHASSEE, Fla., Jan 18, 2011 - eLayaway, Inc. (OTCBB: ELAY), the Internet's first and only patent pending layaway payment processor, announced today that Larry Witherspoon has been named eLayaway's new Chief Information Officer. Mr. Witherspoon will be responsible for assisting in establishing the eLayaway payment system as the most widely recognized brand name in alternative payments solutions for consumers and merchants in the multi-trillion dollar retail and event ticketing industry.
eLayaway, Inc. closed at $0.15 on Tuesday, trading 60,300 shares.
About eLayaway
eLayaway is an online payment system that allows consumers to pay for the products and services they desire using manageable periodic payments, thereby making purchases affordable and easy to budget. Payments are automatically drafted from the consumer's designated bank account via Automated Clearing House ("ACH") on the modifiable schedule set by the consumer at the time of purchase. A flat 1.9% transaction fee is charged to the consumer and all payments are held in an account in trust at HSBC Bank and transferred to the merchant once full payment has been made. Like traditional layaway programs of the past, delivery of the product or service occurs once payment is complete. Payment processing and supporting services are handled by eLayaway while merchants provide order fulfillment. For many online merchants, eLayaway offers an opportunity to provide layaway to their customers as a means to expand market share while reducing the administrative requirements of traditional layaway. Merchants are now turning to payment alternatives such as eLayaway in order to take advantage of opportunities that increase sales and profits. Today, approximately one-half of all consumers do not qualify for credit. eLayaway provides an alternative payment method that allows these consumers to make the purchases they desire while enabling merchants to sell additional products on an immediate basis. In addition to eLayaway.com, the Company also owns and operates eLayawaySPORTS.com, eLayawayTRAVEL.com and eLayawayHEALTH.com. eLayaway, Inc. was founded in 2005. Press summary, logos and screenshots available for download at: eLayaway.com/press.
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Company News: Sunvalley Solar Awarded Solar Installation Contract in Holtville, CA
Sunvalley Solar, Inc. closed at $0.0099 Tuesday, trading 14,658,378 shares.
WALNUT, Calif., Jan. 18, 2011 - Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, announced that it has signed another commercial solar installation contract with Vessey & Co in Holtville, California.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power. To learn more, visit www.sunvalleysolarinc.com.
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