Sunrise Solar Announces Sale of BioDiesel Operation

Sunrise Solar Corp. announce that it has sold the BioDiesel operations of SMS Envirofuels, Inc., a wholly-owned subsidiary of the Company. The Company anticipates that it will record a gain on the sale of assets of approximately $580,000 related to the sale.

Additionally, as part of the sale, the purchasers will forgive all outstanding promissory notes, advances, accrued interest, and other payables owed to them by the Company. As of June 30, 2008 the total outstanding promissory notes, advances, accrued interest, and other payables owed to the purchasers was approximately $6.5 million.

“The disposition of SMS Envirofuels and the associated elimination of a substantial portion of our outstanding debt were the few remaining items that needed to be accomplished to finalize our transition into the solar marketplace,” said Mr. Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “Now that the sale has been finalized we are able to fully commit our resources to our new solar business model.”