Research Update Issued on XsunX, Target Price $1.50 Reiterated by Beacon Equity Research

Tuesday July 1, 7:00 am ET

DALLAS--(BUSINESS WIRE)--XsunX Inc. (OTC BB: XSNX.OB) has been rated Speculative Buy with a reiterated price target of $1.50 by Beacon Equity Research Analyst, Victor Sula, Ph.D.

The full report is available at http://www.beaconequity.com/adpages/XSNX

Anyone interested in receiving alerts regarding XsunX Inc. research should e-mail members@beaconequity.com with "XSNX" in the subject line.

In the report, the analyst writes, "With reserved capacity already approaching 145 MW, lower manufacturing costs per watt that will drive a rapid adoption of the TFPV modules and recent progress toward establishing commercial production, we believe XSNX remains on track to report meaningful revenues by year-end 2008 and achieve our $60 million revenue target in 2009."

Other companies in the solar technology industry include Evergreen Solar Inc. (Nasdaq: ESLR - News), First Solar Inc. (Nasdaq: FSLR - News), Suntech Power Holdings (NYSE: STP - News), and Solarfun Power Holdings (Nasdaq: SOLF - News).

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of XSNX. Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon and its affiliates are compensated fifteen thousand dollars per month directly from the company for enrollment of XSNX in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

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