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Green St. Energy (OTCBB: MWAV), a company developing a portfolio of renewable wind energy assets, announced the results of an appraisal conducted by a leading global energy assessment firm, 3TIER, that have significant implications for the value of the company's newly acquired acreage in Tehachapi, California, a desert area known for its prolific production of wind energy.  The independent report estimated the average wind speed at the Green St. Energy location to be 7.8 meters per second, or 17.5 mph.  This means that the firm is 68% confident that the true wind speed at the location is between 14.5 and 20.4 mph.  The report also estimated that the power capacity factor at the location, a common assessment tool for wind farm viability, is 40%, which is considered excellent by industry standards. Existing wind farms have been financed and successfully operated with capacity factors in the 28% to 30% range, suggesting that Green St. has acquired a property with significant potential for wind power generation.  The report could help in attracting developmental partners and financing.  The highly desirable characteristics of the acquired land, taken in conjunction with the high number of preexisting wind farms and infrastructure in the area could greatly enhance Green St.'s ability to generate significant revenues from the project.   Shares closed up 29 cents on the week, finishing at $0.51.

Green St. Energy Completes Acquisition of Highly Desirable Property in Tehachapi, California to be Used as Wind Farm

Company Enters into Option Agreement to Acquire An Additional 4,840 Acres

TEHACHAPI, Calif., Jan 26, 2009 (BUSINESS WIRE) -- Green St. Energy (OTCBB: MWAV), formerly known as M-Wave, announced today that it has completed the acquisition of 160 acres of land in Tehachapi, California, a prolific area for the production of energy from wind. Green St. previously announced that it had entered into a definitive agreement to acquire the property. The Company has also entered into an agreement giving it the right to acquire an additional 4,840 acres in the area. There are approximately 10,000 wind turbines in the Tehachapi valley area, one of the highest concentrations of wind power generators in the US.

According a report issued by 3TIER, a leading global energy assessment firm, the estimated power capacity factor at the location, a common assessment tool for wind farm viability, is 40%. This rating is considered Excellent by industry standards. Many existing US wind farms have been financed and are being operated successfully at 28% to 30% capacity factors; thus, the Green St. Energy Tehachapi site rating by 3TIER indicates a wind power capacity that is approximately 33% greater than average standards for finance-able wind farms in the US market. The 40% power capacity rating is an annual average power capacity based on a turbine-type that is typical for the property.

"We are excited to acquire the first property in such a highly desirable area for wind to energy projects," said Tony Cataldo, M-Wave's Chairman and CEO. "We plan on moving aggressively to obtain the necessary permits to allow energy production on the farm. Due to the favorable legislative environment, existing infrastructure including transmission lines and strong interest from construction and development partners, we are optimistic that we will be able to begin energy production quickly relative to properties located in other areas of the country. We are also actively focused on completing the acquisition of the balance of the acreage from this owner."

About Green St. Energy

Green St. Energy has assembled a strong management team and advisory group with high level wind industry relationships with companies such as GE Wind, Vestas International, and the American Wind Energy Association. The company is poised to bring numerous high value assets into their renewable energy project portfolio over the coming 8 to 12 months. The firm can be contacted at: 123 Green Street, Suite 1000, Tehachapi, California 93561. CEO Anthony Cataldo can be contacted at: (310) 556-9688.

Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.

SOURCE: Green St. Energy

 

 

  CONTACT:             
CEOcast, Inc. for Green St. Energy Dan Schustack, 212-732-4300
     
  Copyright Business Wire 2009   
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  KEYWORD:          United States                   North America                   California INDUSTRY KEYWORD: Energy                   Alternative Energy                   Other Energy SUBJECT CODE:     Contract/Agreement                   Merger/Acquisition   
Leading Energy Efficiency Appraisal Firm Provides Highly Favorable Assessment of Green St. Energy's Tehachapi Land to Be Utilized as a Wind Farm

3TIER Report Provides Strong Support of Property's Commercial Viability for Wind Production; Wind Speeds Estimated at 7.8 meters per second, reflecting an approximate class 7 wind resource described as "very good to excellent"

TEHACHAPI, Calif., Jan 21, 2009 (BUSINESS WIRE) -- Green St. Energy (OTCBB: MWAV), formerly known as M-Wave, announced today results of an appraisal conducted by 3TIER, a leading global energy assessment firm, on land located in Tehachapi, California to be used as a wind farm. Green St. Energy recently announced plans to become a renewable energy company, and entered into a definitive agreement to acquire 160 acres of land in this prolific area for the production of energy from wind; 10,000 wind turbines, one of the highest concentrations of wind power generators in the US, are already up and running in the Tehachapi valley area. 3TIER's FirstLook Report estimated the average wind speed at the Green St. Energy location of 7.8 meters per second, or 17.5 mph. This means that the Firm is 68% confident that the true wind speed at the location is between 14.5 and 20.4 mph.

The FirstLook Report also estimated that the power capacity factor at the location, a common assessment tool for wind farm viability, is 40%.

This rating is considered Excellent by industry standards. Many existing US wind farms have been financed and are being operated successfully at 28% to 30% capacity factors; thus, the Green St. Energy Tehachapi site rating by 3TIER indicates a wind power capacity that is approximately 33% greater than average standards for finance-able wind farms in the US market. The 40% power capacity rating is an annual average power capacity based on a turbine-type that is typical for the property.

"We are excited that a leading energy consulting firm has determined that the wind speeds at the land are so strong," said Tony Cataldo, Green St. Energy's Chairman and CEO. "This has important implications for our ability to attract developmental partners and financing for the project. We believe there is significant upside potential for the Property and are confident that the infrastructure in place in Tehachapi, the long history of wind project success in the Tehachapi region and highly attractive characteristics of this land enhances our ability to generate significant revenue from this Project."

The Company also announced today that it has changed its name from MWave, Inc. to Green St. Energy to better reflect its current business and operations.

About Green St. Energy

Green St. Energy has assembled a strong management team and advisory group with high level wind industry relationships with companies such as GE Wind, Vestas International, and the American Wind Energy Association. The company is poised to bring numerous high value assets into their renewable energy project portfolio over the coming 8 to 12 months. The firm can be contacted at: 123 Green Street, Suite 1000, Tehachapi, California 93561. CEO Anthony Cataldo can be contacted at: (310) 556-9688.

About 3 TIER

3TIER is an energy assessment and efficiency company: the Firm provides the core data and knowledge for clients to make the best decisions regarding their investment in a renewable energy generation technology. The Firm uses sophisticated computer modeling systems, in-house expertise and reliable delivery mechanisms to forecast both the short-term intermittency and the long-term availability of renewable energy. The Firm provide utility-scale, scientifically based assessment and forecast products and services to our clients. Founded in 1999, 3TIER is a privately-held, equal opportunity employer based in Seattle, WA with offices around the world.

Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.

SOURCE: Green St. Energy

 

 

   CONTACT:              
CEOcast, Inc. for M-Wave Dan Schustack, 212-732-4300
       
   Copyright Business Wire 2009    
-0-

 

   KEYWORD:          United States                   North America                   California INDUSTRY KEYWORD: Energy                   Alternative Energy                   Other Energy SUBJECT CODE:     Product/Service    
CORRECTING and REPLACING M-Wave Enters Renewable Energy Business Through Definitive Agreement to Acquire of Land in Prolific Area for Wind to Energy Production

Company to Change Name to Green St. Energy

ITASCA, Ill., Jan 16, 2009 (BUSINESS WIRE) -- Second graph, first sentence of release dated Jan. 14, 2009, should read: Under the agreement, M-Wave will acquire the land through the issuance of 1 million shares of restricted stock (sted Under the agreement, M-Wave will acquire the land for approximately $16 million, through the issuance of 1 million shares of restricted stock and a Note, convertible into a maximum of $16 million worth of restricted common stock, subject to limitations on conversion amounts and a floor of $0.53 per share).

The corrected release reads:

M-WAVE ENTERS RENEWABLE ENERGY BUSINESS THROUGH DEFINITIVE AGREEMENT TO ACQUIRE OF LAND IN PROLIFIC AREA FOR WIND TO ENERGY PRODUCTION

Company to Change Name to Green St. Energy

M-Wave, Inc. (OTC BB:MWAV) or the "Company" announced today that it has entered the renewable energy sector by entering into a definitive agreement to acquire 160 acres of land to be used as a wind farm in Tehachapi, California, Tehachapi, located between Bakersfield, California and the Mohavi Desert is recognized as a prolific area for the production of energy from wind. The Company is also in negotiations with the same land owner to acquire an additional 4,840 acres. Some of the companies with operations in the area include GE Wind, Mitsubishi, Florida Power & Light, Horizon Wind Energy and Vestus. The Company plans to change its name to Green St. Energy to reflect its new operations.

Under the agreement, M-Wave will acquire the land through the issuance of 1 million shares of restricted stock. The land is located at the highest point of the ridge line in the area, which results in a higher level of wind.

"We are excited to acquire a highly desirable area of land in the wind capital of California," said Tony Cataldo, M-Wave's Chairman and CEO. "Tehachapi is the ideal location to develop wind farms, due to the proximity of transmission lines, highly desirable topography and friendly regulatory environment. We believe this land acquisition represents the initial phase of building a world-class renewable energy company."

Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.

SOURCE: M-Wave, Inc.

 

 

    CONTACT:               
CEOcast, Inc. for M-Wave Dan Schustack, 212-732-4300
         
    Copyright Business Wire 2009     
-0-

 

    KEYWORD:          United States                   North America                   California                   Illinois INDUSTRY KEYWORD: Energy                   Alternative Energy                   Environment SUBJECT CODE:     Contract/Agreement     
M-Wave Enters Renewable Energy Business Through Definitive Agreement to Acquire of Land in Prolific Area for Wind to Energy Production

Company to Change Name to Green St. Energy

ITASCA, Ill., Jan 14, 2009 (BUSINESS WIRE) -- M-Wave, Inc. (OTC BB:MWAV) or the "Company" announced today that it has entered the renewable energy sector by entering into a definitive agreement to acquire 160 acres of land to be used as a wind farm in Tehachapi, California, Tehachapi, located between Bakersfield, California and the Mohavi Desert is recognized as a prolific area for the production of energy from wind. The Company is also in negotiations with the same land owner to acquire an additional 4,840 acres. Some of the companies with operations in the area include GE Wind, Mitsubishi, Florida Power & Light, Horizon Wind Energy and Vestus. The Company plans to change its name to Green St. Energy to reflect its new operations.

Under the agreement, M-Wave will acquire the land for approximately $16 million, through the issuance of 1 million shares of restricted stock and a Note, convertible into a maximum of $16 million worth of restricted common stock, subject to limitations on conversion amounts and a floor of $0.53 per share. The land is located at the highest point of the ridge line in the area, which results in a higher level of wind.

"We are excited to acquire a highly desirable area of land in the wind capital of California," said Tony Cataldo, M-Wave's Chairman and CEO. "Tehachapi is the ideal location to develop wind farms, due to the proximity of transmission lines, highly desirable topography and friendly regulatory environment. We believe this land acquisition represents the initial phase of building a world-class renewable energy company."

Additional details on the transaction may be found in the Company's 8-K filing. Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.

SOURCE: M-Wave, Inc.

 

 

      CONTACT:                 
CEOcast, Inc. for M-Wave Dan Schustack, 212-732-4300
             
      Copyright Business Wire 2009       
-0-

 

      KEYWORD:          United States                   North America                   California                   Illinois INDUSTRY KEYWORD: Energy                   Alternative Energy                   Environment SUBJECT CODE:     Contract/Agreement       

M-Wave, Inc. Announces Asset Purchase Agreement

ITASCA, IL, Sep 11, 2008 (MARKET WIRE via COMTEX) -- M-Wave, Inc. (OTCBB: MWAV), a provider of international procurement services, and a virtual manufacturer of customer-specified electronic components, sub-assemblies, and consumer products, announced today that it has entered into an Asset Purchase Agreement (APA) with certain members of its management team which provides that the Company will sell substantially all of the operating assets and the Purchaser will assume certain liabilities of the Company.
On September 10, 2008, the Company announced that Anthony J. Cataldo had accepted appointment as a Class I Director, to hold office until the next stockholders meeting. Mr. Cataldo has joined the Board to evaluate and formulate the future of the Company after the anticipated consummation of the APA.

ASSET PURCHASE AGREEMENT

Joseph Turek, Chairman and CEO, and Robert Duke, divisional president of M-Wave, have formed M-Wave International LLC, an Illinois limited liability corporation (MWI) for the expressed purpose of acquiring the operating assets of M-Wave, Inc. for $500,000 plus assumption of all operating liabilities including but not limited to accounts payable, vendor contracts and employee obligations. Additionally, MWI will extend a $500,000 operating term loan with an effective interest rate of 12% due December 31, 2008. Upon the closing of the transaction, the Company's obligations under the loan shall be extinguished. The closing is conditioned, among other things, upon obtaining shareholder approval of the transaction.

The board of directors accepted input from an engaged third-party investment banker that deemed the transaction to be fair from a financial point of view to the Company. The Company had, as a publicly reporting entity, been losing approximately $30,000 per month throughout the calendar year 2008. As such, the Board of M-Wave believed it could not continue to operate without an infusion of capital. The availability of capital has been generally constrained in the presence of continuing losses.

The Company states there can be no assurances that the APA with M-Wave International, LLC will be approved by stockholders and become effective.

ABOUT M-WAVE, INC.

M-Wave provides supply chain services and sources printed circuit boards, custom electronic components, extrusions, assemblies, and non-electronic products from Southeast Asia. The parts and components sourced are utilized in a wide range of commercial and industrial electronics, contract manufacturing and other consumer products. M-Wave additionally offers domestic and international supply chain services for its second and third-tier customers.

Actual results and the timing of certain events discussed herein could differ materially from those projected in or contemplated by forward-looking statements due to a number of factors, including but not limited to, the risk factors and other disclosures contained in M-Wave, Inc.'s annual reports on Form 10-KSB for the period ended December 31, 2007, its report on Form 10-Q for the period ended June 30, 2008, and the other disclosures contained in documents filed by the Company with the Securities and Exchange Commission.

M-Wave's website is located at www.mwav.com.

Contact:
Jeff Figlewicz
Acting Chief Financial Officer
(630) 562-5550 ext 4720

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#605   GSTY SEC Suspension: Renee 04/11/16 09:33:23 AM
#604   Tony Cataldo takes a leave of absence as bloodhound99 01/18/13 10:51:11 AM
#603   Looks like a new strategy. Spend 100 dollars bloodhound99 01/16/13 04:51:34 PM
#602   well dogies a 5000 share trade at $.02 bloodhound99 01/14/13 11:14:20 AM
#601   ooh, ooh 387 shares at $.0014 . the bloodhound99 12/29/12 12:09:38 PM
#600   250 shares at $ .0013 . Apparently someone bloodhound99 12/17/12 12:00:25 PM
#599   Checking for a pulse here. Can't seem to bloodhound99 11/19/12 12:01:16 PM
#598   Lookie Here!!! a $ 2.25 order for some bloodhound99 11/01/12 06:22:59 PM
#597   When will Tony appear on Money TV hyping bloodhound99 10/17/12 10:30:05 AM
#596   Whoa an $ .85 trade today at GSTY bloodhound99 10/11/12 12:02:28 PM
#595   Were you able to get any more info bloodhound99 10/07/12 11:19:42 AM
#594   momentum. Any luck reaching Mr. Cataldo or Mr. bloodhound99 10/03/12 06:44:22 PM
#593   and Momentum858, if you do learn anything from bloodhound99 09/30/12 10:17:30 AM
#592   CEO/Chairman of this company is Anthony Joseph "Tony" bloodhound99 09/24/12 01:13:32 PM
#591   Pink No Information 12k 3mo. avg vol. momentum858 09/23/12 03:46:02 PM
#590   Was there really $ 1.04 worth of GSTY bloodhound99 09/11/12 07:54:32 AM
#589   well apparently "someone" found out the bad news bloodhound99 08/11/12 07:15:34 AM
#588   Glory Halleuah !! bloodhound99 08/06/12 12:53:07 PM
#587   and this stock is still tr trading why? bloodhound99 07/20/12 04:36:07 AM
#586   Any Tony Cataldo sitings? bloodhound99 07/04/12 09:54:26 AM
#585   anyone still alive here? bloodhound99 06/16/12 10:55:48 AM
#584   Why is this company still trading. Zero money. bloodhound99 06/09/12 09:38:50 AM
#583   Well Chairman/CEO Tony Cataldo has not been heard bloodhound99 05/28/12 01:55:03 AM
#582   a sudden reversal GSTY up 1200 % to bloodhound99 05/03/12 01:29:29 PM
#581   WOW 125 shares sold at $ .0001 down bloodhound99 05/02/12 10:51:46 AM
#580   Be interesting to see if GSTY still has bloodhound99 04/08/12 01:11:01 PM
#579   Do you qualify? bloodhound99 04/01/12 11:56:12 AM
#578   No 10K for this year either? Oh thats bloodhound99 04/01/12 11:27:21 AM
#577   Now that Tony Cataldo has "stepped aside" as bloodhound99 03/25/12 01:08:57 PM
#576   Buy 100 shares of this Tony Cataldo led bloodhound99 03/22/12 05:33:53 PM
#575   Whistling past the graveyard here !! bloodhound99 03/09/12 05:21:30 PM
#574   GSTY ask price of $ .014 is exactly bloodhound99 03/08/12 01:18:27 PM
#573   Yep Its the Tony Cataldo stock "model" buy bloodhound99 03/07/12 04:02:26 PM
#571   You want to buy GSTY shares? Its bloodhound99 03/06/12 11:35:20 AM
#570   Is this company now: bloodhound99 03/04/12 12:27:35 PM
#569   If I am intrepreting this correctly the 3 bloodhound99 02/16/12 01:09:41 PM
#568   someone had $ 16.80 burning a hole in bloodhound99 02/13/12 06:45:17 PM
#567   GSTY up 1200% to $ .014 bloodhound99 02/06/12 12:16:45 PM
#566   Option time almost up: bloodhound99 01/19/12 02:52:52 PM
#565   Today is 3 year anniversary of Tony Cataldo bloodhound99 12/31/11 01:49:45 AM
#564   About 45 days for Tony to "perform" bloodhound99 12/29/11 12:15:45 PM
#563   Well about 3 more months before the "option" bloodhound99 12/04/11 06:52:26 AM
#562   Ya reckon that GSTY could sue Tony Cataldo bloodhound99 11/09/11 09:32:06 PM
#561   Any news from CEO/Chairman Tony Cataldo? bloodhound99 10/28/11 02:50:56 AM
#560   Wow someone sold $ 9.10 worth of GSTY bloodhound99 10/21/11 03:07:54 PM
#559   Yowsa Yowsa! bloodhound99 10/13/11 04:07:12 PM
#558   Any truth to the rumor that Tony Cataldo bloodhound99 10/06/11 12:33:58 PM
#557   I long for the good old days of bloodhound99 10/06/11 06:37:32 AM
#556   Just in case there are any Cataldo "gullibles" bloodhound99 09/30/11 11:32:57 AM
#555   Tony Cataldo announces new alternative energy process for bloodhound99 09/30/11 10:42:11 AM
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