Helio Files S-1 For Public Offering Of Shares; Has Applied To List On Nasdaq Under Ticker Symbol 'HLEO'

Helio Corporation (OTCID:HLEO) ("Helio" or the "Company"), a developer of advanced Space-Based Solar Power and engineering technologies pioneering commercial lunar hardware, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed underwritten public offering of shares of its common stock.

The Company has applied to list its common stock on The Nasdaq Stock Market LLC ("Nasdaq") under the symbol "HLEO." The Company currently intends to offer approximately $8 million of its common stock in the proposed firm commitment offering. R.F. Lafferty & Co., Inc. is acting as [sole book-running manager] for the proposed offering. Completion of the offering is contingent upon approval of the Company's listing application by Nasdaq, and there can be no assurance that the application will be approved or that the offering will be completed.

The Company currently intends to use the net proceeds of the proposed offering for research and development, sales and marketing, facilities and manufacturing capabilities, the repayment of certain outstanding promissory notes, and working capital and general corporate purposes.

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securitie