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Initial Activities Outlined for the First Quarter; Audit Status Updated

DALLAS, TEXAS, Jan. 04, 2022 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties, today announced its initial activities for 2022, which include the imminent release of a comprehensive letter to shareholders, an upcoming audio interview in January with Principal’s Chairman and CEO, and the anticipated completion of its fiscal 2019 and 2020 audit.

“On behalf of the entire Principal team, I’d like to wish everyone a happy and prosperous New Year. We believe that 2022 is going to be important for the Company, so we’re starting things off by bringing our shareholders up to speed on our progress and planned activities going forward,” said K. Bryce “Rick” Toussaint, CPA, MBA, Principal’s Chairman and CEO. “This month we’re anticipating the release of our Letter to Shareholders, and I’m scheduled to be interviewed by Everett Jolly, the founder and CEO of Stock Day Media. We’re confident that both events will be informative and drive further interest in Principal.”

The details regarding Mr. Toussaint’s Stock Day Media interview will be announced once the date and time have been finalized. The Company also announced that it is nearing the end of its audit conducted by PCOAB firm Whitley Penn.

“We’ve been in close, ongoing communication with our auditors, and I’m happy to say that the process is about finished,” said Mr. Toussaint. “We expect that the final report for Principal’s fiscal years 2019 and 2020 will be delivered early in the first quarter of 2022.”

About Stock Day Media

Stock Day Media’s mission is to provide transparency to publicly traded companies and inform the investors directly. Stock Day gears its services to those Micro-Cap and Nano companies that trade on OTC, NYSE, NASDAQ, and TSX Markets.

Founder and CEO Everett Jolly has over 25 years of experience in the financial sector. With this background comes a wealth of knowledge and desire to teach investors about the Micro-Cap market. Everett is recognized for showing his dedication and leadership, having been inducted into “Worldwide Who’s Who” for excellence in marketing.

For further information, please visit the Company’s website at www.stockdaymedia.com.

About Principal Solar

Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact

K. Bryce “Rick” Toussaint, CPA, MBA

Chairman and Chief Executive Officer

kt@pswwenergy.com

214.885.0032

Investor Relations Contact

Michael Briola

invest@pswwenergy.com

Principal to Divest Certain Holdings; Anticipates Reallocation of Resources into Its Natural Gas and Heavy Electric Vehicle Projects

DALLAS, TEXAS, Dec. 28, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties, today announced that it has reached an agreement with IntelliMedia/Apollo Green (“IntelliMedia”) to convert its investment into a note with a return of capital and interest payable. The anticipated influx of capital resulting from this divestiture is expected to be utilized to further the Company’s mission of acquiring logistics assets and to advance its existing development agreement with heavy electric vehicle partner IPLTech Electric (“IPLT”).

“After careful consideration, in keeping with our stated goal of leveraging environmentally responsible opportunities while maximizing stakeholder value, we have made the strategic decision to convert our investment in IntelliMedia,” said K. Bryce “Rick” Toussaint, CPA, MBA, Principal’s Chairman and CEO. “We believe that this move is in the best interests of all parties involved and stands to enhance Principal’s overall success potential.”

In other news, Mr. Toussaint disclosed that Principal is evaluating the feasibility of partnering with cryptocurrency mining specialists in well-side mining projects that would be powered by exceptionally low-cost electricity generated onsite from the Company’s natural gas holdings.

“Traditional crypto mining companies pay for grid-delivered electricity to power their servers, the expense of which can comprise up to 75% of a mining company’s operating overhead,” said Mr. Toussaint. “By utilizing natural gas from the wells, we already own to generate the energy needed to power onsite mining operations, it may be possible to mine cryptocurrencies such as Bitcoin and Ethereum at a fraction of the typical cost.”

Additional details regarding the Company’s transaction IntelliMedia are expected to be announced when finalized.

About Principal Solar

Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact

K. Bryce “Rick” Toussaint, CPA, MBA

Chairman and Chief Executive Officer

kt@pswwenergy.com

214.885.0032

Investor Relations Contact

Michael Briola

invest@pswwenergy.com

Principal to Receive Majority Ownership Stake, Acquire Assets and Revenue; Double-H to Purchase Heavy EV Solutions from Principal’s Portfolio Investment Companies to Transition Trucking Fleet from Diesel to Hybrid and Electric

DALLAS, TEXAS, Dec. 21, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and operator of undervalued petroleum-producing properties, today announced that it has finalized the terms of its majority acquisition of Oklahoma-based Double-H Services, LLC (“Double-H”). Today’s news builds on the Company’s previously announced acquisition of a minority stake in Double-H earlier this year, bringing a controlling interest, assets, and annual revenues to Principal upon completion of the transaction.

“Working closely with Double-H over the past year has helped us understand their true growth potential – not just in their existing businesses, but how they can take advantage of the industry-wide shift to the greener, more efficient, environmentally-friendly technologies customers are demanding,” said K. Bryce “Rick” Toussaint, MBA, CPA, Chairman and CEO of PSSW. “Principal’s Portfolio Investment Companies are delivering the future of commercial goods transport with hybrid-electric and fully-electric heavy EV solutions, which Double-H intends to purchase to convert its existing diesel fleet. In doing so, not only will Double-H gain a major marketing advantage over traditional trucking and logistics companies, but we also anticipate that it will enjoy significantly increased margins realized through substantially lower operating and maintenance costs.”

On an unaudited basis, Double-H has consistently reported seven-figure annual revenues (unaudited) each year for the past five years.

“Given our long-standing commitment to ESG (Environmental, Social, and Governance) protocols and our desire to expand our operations with environmentally-conscious solutions for our existing, diverse customer base, it makes perfect sense for Double-H to become an integral part of Principal,” said Casey Minshew, Majority Shareholder of Double-H. “Our clients are asking how we can help ‘green’ their operations, and with a fully-electrified trucking fleet, we will be able to answer by offering highly-visible solutions with demonstrable, positive environmental impact.”

The final terms of the transaction are subject to additional due diligence in the next quarter, and both parties intend to finalize the transaction in the second quarter of 2022.

About Double-H Services

Double-H is an oilfield services and trucking company located in the heart of Oklahoma’s STACK (Sooner Trend Anadarko (Basin), Canadian, and Kingfisher (Counties)) oilfield territory. The company delivers dependable, high-quality services that address a complete range of operational needs by providing laydown machines, pipe racks, trucking, and forklifting. Double-H was founded in 2007 with the intention of helping oilfield companies save people, pipe, time, and money. In 2020, Double-H deployed 17 Class 8 trucks into the Mid-con region in order to increase its share of the agricultural, flatbed, and dry-van transportation markets. The Double-H team provides top-level customer service and job site excellence for several tier-one petroleum companies in the STACK, including Continental, Devon, and Alta Mesa.

For additional information regarding Double-H, please visit the company’s website at https://doublehservices.us.

About Principal Solar

Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact

K. Bryce “Rick” Toussaint, CPA, MBA

Chairman and Chief Executive Officer

kt@pswwenergy.com

214.885.0032

Investor Relations Contact

Michael Briola

invest@pswwenergy.com

Comprehensive Development Agreement Terms Extended into 2022; India-based IPLTech Electric Pvt. Ltd. to License Class 8 Heavy Electric Vehicle Technology to Principal Solar for North American Commercialization

$PSWW – Principal Solar and Heavy EV Maker IPLTech Electric Extend Licensing Agreement

IPLTech Electric

DALLAS, TEXAS, Dec. 13, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that it has extended its Memorandum of Understanding (“MOU” or “the Agreement”) with India-based heavy electric vehicle maker IPLTech Electric Pvt. Ltd. (“IPLTech”, “IPLTech Electric” or “IPLT”). Per the amended terms of the Agreement, IPLT has modified its original licensing deal with a revised payment schedule that now extends into 2022.

“The extension of our Agreement is proof positive that IPLT and Principal remain committed as ever to the future success of our business relationship,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “Not only does our collaboration with IPLTech have the potential to bring significant value to Principal’s stakeholders, it also aligns perfectly with our corporate mission of supporting the near-term commercialization of green and transitional emissions reduction technologies.”

According to the Union of Concerned Scientists, U.S. medium- and heavy-duty trucks comprise only 10% of road-going vehicles, yet account for 28% of the country’s global warming emissions. Diesel exhaust pollutants include climate-damaging greenhouse gases as well as ozone-forming oxides of nitrogen and health-harming fine particulates.

Fortunately, industry and consumers alike are driving the demand for heavy electric vehicles. Government incentives and policies are also contributing to the burgeoning market for emissions-free transportation and logistics solutions.

“Demand for heavy EVs is huge, growing, and here today,” said Mr. Toussaint. “The global electric truck market is projected to reach nearly $1.9 billion by 2027 – that’s a CAGR of 25.8% from 2020*. Vehicle demand in 2021 alone is estimated at almost 70,000 units and is expected to hit over 1.4 million units by 2030 – a 40% increase from 2021**. Through our Agreement with IPLT, we believe Principal will be well positioned with the right products and technologies at the right time to take maximum advantage of this tremendous opportunity.”

Per the terms of the Agreement, upon completion of the development of a pure electric truck prototype, Principal and IPLTech will enter into a Licensing Agreement (the “License”) in which Principal will receive a license to deploy IPLT’s proprietary technologies in U.S. truck platforms. The Agreement also provides an opportunity for the Company to co-invest in IPLTech alongside private equity funds. In exchange, the Company will receive a combination of exclusive and non-exclusive rights to commercialize IPLT’s proprietary technologies for North American markets. Per the terms of the Agreement, in exchange for the License, the Company will contract with IPLT to develop a working prototype in India. Principal will assist IPLT in acquiring the approvals necessary for the prototype to operate on U.S. roads.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

About IPLTech Electric Pvt. Ltd.

India-based IPLTech is an innovative developer of pure electric, heavy-duty commercial goods carriers with wide-ranging applications in mines, ports, infrastructure development, construction, and inter-warehouse goods transportation.

IPLTech has pioneered several industry-first initiatives including just-in-time delivery of construction materials, deployment of electric trucks, and the successful rollout of a driver app.

For further information, please visit IPLTech’s website at www.ipltelectric.com.

*Source: Allied Market Research: https://www.prnewswire.com/news-releases/electric-truck-market-to-reach-1-89-billion-globally-by-2027-at-25-8-cagr-allied-market-research-301107400.html

**Source: Markets and Markets: https://www.marketsandmarkets.com/Market-Reports/electric-truck-market-221011937.html?gclid=Cj0KCQiA2NaNBhDvARIsAEw55hijglAPap4M460q39lB3oN4Q5EBGF2jSCwG1EnoU-M1z2tINlHlCYEaAtcgEALw_wcB

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact

K. Bryce “Rick” Toussaint, CPA, MBA

Chairman and Chief Executive Officer

kt@pswwenergy.com

214.885.0032

Investor Relations Contact

Michael Briola

invest@pswwenergy.com

Attachment

• $PSWW – Principal Solar and Heavy EV Maker IPLTech Electric Extend Licensing Agreement

Comprehensive New Site Features Detailed Subsidiary, Partner, and Portfolio Investment Information; Investor Resources, Management Profiles, Media, More

DALLAS, TEXAS, Sept. 30, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced the immediate availability of its new and expanded corporate website, viewable at https://www.pswwenergy.com.

“After months of planning and development, our new site is online and ready to go,” said K. Bryce “Rick” Toussaint, CPA, MBA, Principal Solar’s Chairman and Chief Executive Officer. “We view the new site as an information-rich resource for shareholders and partners alike that will expand over time as we continue to strategically build Principal through careful investment and acquisition.”

The new site and its contents were designed and built by Washington-based Corvus & Coil, an award-winning creative agency specialized in enabling public companies of all sizes to communicate their vision to current and future shareholders in a compelling, world-class manner. To learn more about Corvus & Coil, please visit https://www.corvuscoil.com.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors, as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com