Hague Corp., the Parent of Its Operating Subsidiary, Solterra Renewable Technologies,...

Hague Corp., the Parent of Its Operating Subsidiary, Solterra Renewable
Technologies, Inc., Announces Its Intention to Restructure Hague and Solterra
for the Purpose of Completing a Plan of Financing and Bringing Solterra Public

TEMPE, Ariz., June 10 /PRNewswire-FirstCall/ -- Hague Corp. (OTC Bulletin
Board: HGUE), a quantum dot manufacturing company with a focus on Quantum dots
targeted towards the medical sciences, ultra efficient lighting solutions and
the burgeoning solar cell industry, today announced that it has entered into
an agreement with its Noteholders for a 120-day standstill period pursuant to
which the Noteholders will not pursue any of their rights under their debt
securities and related transaction documents, to permit its subsidiary,
Solterra, time to complete its plan of financing (currently up to $6,000,000)
and to restructure and reorganize Hague and Solterra, as described in Hague's
current report on Form 8-K filed today. Pursuant to the plan of financing, it
is the intention of Hague's wholly owned subsidiary, Solterra to become a
publicly reporting and trading company.

Phoenix Alliance Corp. has been retained by Solterra to act as its fiscal
advisor and to assist Solterra Renewable Technologies in the development of a
market analysis, competitive analysis and competitive strategy, as well as a
complete business plan for the manufacture and sale of what is expected to be
the most important breakthrough in Solar Cell technology to date. Phoenix has
also been retained to recruit a top management team as well as an independent
board of directors for Solterra Renewable Technologies.

Stephen Squires, CEO and majority shareholder of Hague Corp., stated: "To
attain our goal of profitability, we need to raise additional financing and to
have set a clear path to accelerate our commercialization and marketing
activities through an expansion of revenue base and market share for our
Industry leading Quantum Dots."

One of the key drivers of our plan is the establishment of a dynamic new
platform for our operational success consisting of two strong business
segments -- Hague Corp. and Solterra Renewable Technologies.
-- Solterra Renewable Technologies manufactures and sells solar modules
based on our proprietary thin-film Quantum Dot technology. Our solar
panels are flexible, lightweight and rugged and generate up to 20
percent more electricity than conventional crystalline products at
significantly lower costs. This is a Game Changer in the Solar Cell
manufacturing industry and in fact we expect to be one of the first
Solar companies to close in on Grid Parity pricing which of course is
the objective of every Solar Cell manufacturer in the world.
-- Hague Corp. includes our Quantum Dot manufacturing business, and our
R&D programs with near-term commercial opportunities. We are
presently able to offer select clients a superior Quantum Dot for use
in
the medical Sciences Industry as well as the LED and lighting
industries. What is most exciting is the price structure we can offer
to
these clients. Imagine a Quantum Dot of Superior Quality at a price
that
reflects up to a 50% discount to presently existing supply
opportunities. We are receiving inquiries and requests on a weekly
basis
and expect to begin shipping within 90 days.

Mr. Squires stated, "Throughout the last six months our research efforts led
by Dr. Jabbour and Dr. Michael Wong with the support of Arizona State
University and Rice University have confirmed that our Quantum Dot technology
and our printed Solar Cell technology are indeed two separate and exciting
business opportunities. In order to ensure that our wholly owned subsidiary
has access to capital markets, we intend to complete a private financing
sufficient to provide for the early commercialization of Solar Cell
technology.

As described in our Form 8-K, Mr. Squires will act as chief executive officer
of either Hague or Solterra and as interim chief executive officer of the
other company until an experienced executive replaces Mr. Squires in one of
the two companies. Phoenix Alliance will assist Solterra in obtaining
independent board members and a new chief executive officer to succeed Mr.
Squires in running one of the two companies. It is expected that both
companies will continue to have significant input from Dr. Jabbour and Dr.
Wong.

It is anticipated that upon the closing of this private financing Hague will
retain a substantial equity interest in Solterra. Management believes that by
executing this plan and funding the solar production subsidiary, Hague will
not have the burden of funding Solterra Renewable Technologies thereby freeing
up additional resources for the further development of other uses for Quantum
Dots and generating additional revenues and potential profits for Hague. Hague
will be the sole supplier of Quantum Dots to Solterra thereby creating a
profitable captured market for Quantum Dots used in the manufacture of solar
cells without creating any adverse constraints on Hague's resources.

Hague can provide no assurance that the plans outlined which includes the
creating two operating companies, raising up to $6,000,000 in financing for
Solterra and to retiring Hague's existing debt will be successfully completed
on satisfactory terms, if at all, or that Rice University will consent to
necessary changes in Solterra's license agreement to accomplish the foregoing
plans. Accordingly, the above plans outlined by management are subject to
change at any time.

The securities to be offered in any financing described above have not been
registered under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state.

About Hague Corp. /Solterra Renewable Technologies, Inc.
Solterra is singularly positioned to lead the development of truly sustainable
and cost-effective solar technology as the first company to introduce a new
dimension of cost reduction by replacing silicon wafer-based solar cells with
low-cost, highly efficient Quantum Dot-based solar cells.

Safe Harbor statement under the Private Securities Litigation Reform Act of
1995
The statements in this release relating to completion of the restructuring and
financing of the companies are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Some or all of the
results anticipated by these forward-looking statements may not occur. Factors
that could cause or contribute to such differences include, but are not
limited to, contractual difficulties which may arise, the failure to obtain
necessary approvals, the future market price of Hague common stock and/or the
ability to obtain the necessary financing.

Contact Information
Hague Corp. / Solterra Renewable Technologies, Inc.
ASU Research Park
7700 S. River Parkway
Tempe, AZ 85284
Phone: 604-569-3184 x 103
Email: info@solterrasolarcells.com

Web Site: www.solterrasolarcells.com

SOURCE Solterra Renewable Technologies, Inc.

Hague Corp. / Solterra Renewable Technologies, Inc., +1-604-569-3184 x 103,
info@solterrasolarcells.com