HERE IS PART OF THE MAY 5 PRESS RELEASE.
Under the proposed terms, National Standard would fund the purchase of the required renewable energy equipment and power station as well as pay for related development costs to become operational. National Standard will lease the equipment to Solar Wind Energy Tower, Inc. for a 20 year term. National Standard has developed with Solar Wind Energy Tower a financial plan that details the steps, conditions and requirements necessary to satisfy National Standard's investment requirements for this project. These requirements relate to customary construction risks, operational risks and performance guarantees related to the sale of power long term to qualified buyers. Solar Wind Energy Tower is currently in negotiations to provide these milestones and project deliverables to advance the projects progress towards closing on the investment capital and lease. A definitive agreement has not yet been finalized between the parties.
Carl Johnson, Managing Director at National Standard, commented, "We have been working with and advising Solar Wind Energy Tower, Inc. for some time now, and we are thrilled with the most recent developments to secure the site and guarantee the necessary local entitlements to make this project a reality."
Jan Petrenko, Principal and Head of National Standard's Energy Group commented, "National Standard is proud to be a part of the team to make this innovative game changing solution a reality that is unique in the renewable energy market".
Ronald Pickett, CEO, Solar Wind Energy Tower Inc. stated, "The entire team at National Standard has been extremely helpful throughout this process and provided innovative guidance to developing this project most effectively. We certainly value their advice and look forward to completing and satisfying the requirements to complete this renewable energy investment. We share their enthusiasm and salute their development efforts with us. The entire corporate Solar Wind Energy team along with our 'Teaming Partners' is working together to bring this solution to market".
1. So two officers were quoted from national standard in the press release
2. It says the company will put out a TIMELINE which you see in the s/1
3. THIS HOLE THATS BEING DUG IS GOING TO NEED MORE THAN A LADDER TO GET OUT OF NOW
4. It is my opinion SWET was very clear and not misleading at all in this press release.
