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Vu1 Corporation Appoints William B. Smith Executive Chairman and President


Published on 2012-05-23 13:17:37 - Market Wire
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NEW YORK--([ ])--Vu1 Corporation (OTCBB: VUOCD), a developer and manufacturer of proprietary mercury-free, energy-efficient general illumination lighting products, announced today that Non-Executive Chairman William B. Smith has been appointed Executive Chairman and President, effective immediately.

"The shift in manufacturing to China, coupled with our recent success at the Lightfair Expo, made this decision easy. Furthermore, I am confident that the enforcement of higher standards around the globe with respect to lighting efficiency will result in a tremendous growth opportunity for Vu1."

aI am pleased to assume a broader role during this critical period for Vu1. Over the past 18+ months, I have become increasingly active in helping Vu1 shape its strategic plan, in addition to spearheading the capital raising activities,a commented Bill Smith, Executive Chairman and President of Vu1 Corporation. aThe shift in manufacturing to China, coupled with our recent success at the Lightfair Expo, made this decision easy. Furthermore, I am confident that the enforcement of higher standards around the globe with respect to lighting efficiency will result in a tremendous growth opportunity for Vu1.a

About Vu1 Corporation

New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions a" with superior light quality -- worldwide. Vu1 has developed a new energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. Learn more about Vu1 at [ www.Vu1.com ]. For the latest news, find Vu1 on [ Facebook ] and follow us on [ Twitter ].

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain future funding required for our operations, the future demonstration and commercial availability of our light bulb, timing for bulb production and sales, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, and the viability, pricing and acceptance of our products in the market. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend"and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2011 and our other periodic reports as filed from time to time).