$AWSL News - Atlantic Wind & Solar Records 19th Consecutive Quarter Of Improvement, 3rd Consecutive Profitable Quarter & Updates Shareholders

TORONTO, - (http://www.financialnewsmedia.com News Alert) - Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to update its shareholders regarding its most advanced projects in its pipeline and its financial results on operations.



Financial Results:Sales continued to climb with gross sales for the quarter at $2,073,468 equating to $5,488,588 for the first 9 months of 2014. The sales are almost double the same period in 2013.



Profitability continued reporting $971,594 for the first 9 months or $.021 per share - up substantially from the previous year\'s losses.



With the completion of more projects in the quarter a significant percentage of the payables and receivables have now been settled with more set for Q4 / Q1.



Solar PV PipelineAtlantic Solar has continued to develop a number of projects in Ontario, Canada with 9 projects connected to the grid and now supplying power to the Ontario Power Authority. As part of a solar development contract a number of these projects were purchased and are now owned and operated by an Ontario municipality.



\"There is a very strong demand for completed projects in Ontario.\" says Chairman Gilles Trahan. \"There is much less appetite for the time and work that goes into developing these projects from scratch. Atlantic continues to see an opportunity in having a presence in Ontario coupled with a patient understanding of the process.\"



South AmericaAtlantic has signed a Letter of intent to sell its interest in its 20 MW Lagarto project in South America. Under the terms of the agreement, Atlantic would earn a one-time developer fee plus a gross production royalty that would result in over 15 years of cash flow.



Management expects to report similarly positive results and to move these projects, as well as new ones, forward over the balance of the year.



About Atlantic Wind and Solar Inc:



Atlantic is a developer of utility scale renewable energy plants with over 650 MW\'s of projects at various stages of development in Canada, South America and the Caribbean.



To read the full report and/or sign up for news alerts and updates visit the company\'s web site at: www.AtlanticWindandSolar.com.

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