No my understanding is Mr. Sutz is not with them anymore! brentkosta caught Mr. Sutz by off guard and Mr. Sutz then stated he's never heard of them.
How could Mr. Sutz have travel to China with Nick Laroche and years later state he never heard of Dakshdin, what is he hiding?
until2014
SOURCE: Dakshidin Corporation
February 11, 2008 08:30 ET
Restec's Inventor, Richard Sutz, & Nick Laroche Travel to China for Production of the Restec Mark 10E Wind Turbine
LAS VEGAS, NV--(Marketwire - February 11, 2008) - Dakshidin Corporation (PINKSHEETS: DKSC) (www.dakshidin.com), producers of the world's most powerful water pumping windmill, are pleased to announce that Restec's Inventor, Richard Sutz, and Dakshidin's President, Nick Laroche, will travel to China in late February to move forward with the production of the Restec Mark 10E Wind Turbine test model.
The testing of the Restec Mark 10E Wind Turbine will be implemented on a 40 megawatt wind farm in the Province of Yunnan, China. The testing is expected to be completed by late June of this year and will then be put into full production. Dr. Kunchen Wang, an expert in electrical engineering and wind power, is a strong supporter in the production of the Restec Mark 10E Wind Turbine.
In addition to the production of the Mark 10E Wind Turbine, while in China, Dakshidin will also fulfill another inventory order of 100 Restec Mark 10 water pumping windmills for production.
Nick Laroche commented, "The demand for Restec's technology is huge. We are very pleased with our products; Restec's windmills and wind turbines are products that not only China, but everyone will benefit from."
Restec's MARK 10 windmill is the cost-effective and environmentally friendly solution for the world's water crisis and Restec's Mark 10E Wind Turbine is the cost-effective and environmentally friendly solution for the world's energy crisis!
About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., produces the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill and the Restec Wind Turbine is the renewable, cost-effective and environmentally friendly solution for the world's water and energy crisis.
Appointment of New Board of Directors and CEO of Dakshidin Corporation, Dec. 9, 2009
December 10, 2009 12:20 PM Eastern Standard Time
LAS VEGAS--(BUSINESS WIRE)--The Board of Directors of Dakshidin Corporation (Pink Sheets:DKSC) announced the appointment of John (Lex) Van Arem as interim President and CEO and Director of Dakshidin Corporation effective December 9, 2009. Mr. Nick Laroche has tendered his resignation as President and CEO and Director. Anthony Goldstein also tendered his resignation as a Director.
Dakshidin was served notice and a formal demand to cure the delinquency in the agreement between Dakshidin (DKSC) and RESTEC Inc. (RESTEC). On March 12, 2007 DKSC and RESTEC completed and signed the agreement to transfer RESTEC technology, intellectual property, systems, know-how, trade-marks, trade secrets, copy rights and designs, (the property) for the expressed purpose that DKSC would commercialize said property and meet certain terms and conditions as the transferee. Specifically, the default notice states, “DKSC as the transferee has failed to meet several critical terms and conditions of the agreement and/or provide any evidence that the terms and conditions will be met in the future. The transferee has failed to meet its obligations related to the terms and conditions of the agreement, specifically as it relates to the representations to commercialize the said assets and the necessary financial resources to fulfill its obligations.
”
Mr. Laroche felt that it is in the best interest of the Company and shareholders to appoint a new CEO and Board of Directors to negotiate and resolve the default provisions of the RESTEC agreement and move the Company forward.
RESTEC Windmills
13901 N. 73rd St., Suite 201
Scottsdale, Arizona 85260
Tel: 480-998-4889 * Fax: 480-998-4470
Email: RESTEC Windmills
RESTEC Windmills (Partners)
For information,
email Richard Sutz
President,
RESTEC Windmills
Books about Windmills
Chinese Entrepreneur
Xin Wei and the New RESTEC-Daxin Windmill
Richard Sutz Interview
Phoenix Business Journal
Restec Windmills
.....RESTEC Windmills (Renewable Energy Systems & Technology) has exclusive worldwide sales rights for high-performance water-pumping windmills produced in China.
.....RESTEC's contract with Jilin Daxin Industry Corporation (JDIC) , signed in September 1997, provides exclusive manufacturing and sales rights for JDIC in China for windmills manufactured under sub-contract by the Jilin Civil Engineering Machinery Works (JCEMW), a division of the China National Construction Machinery Corporation. (CNCMC). The contract also provides for RESTEC to receive 20% of JDIC's profits and to have exclusive worldwide sales rights (outside China) .
.....RESTEC's windmill technology is based on:
...........1) proprietary developments of its Chinese corporate partner, JCIC, one of China's 10 largest corporations,
...........2) RESTEC management's marketing know-how, and
...........3) $5 million of prior R&D.
....."RESTEC's market potential worldwide is unlimited in LDCs, where populations are in the billions, GNPs exceed 90% agriculture, and power sources are limited or non-existent," said Richard Sutz, RESTEC president.
