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WindGen Energy Inc (WGEI)

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Company Description:
 
With new management, we have refocused the Company on wind energy devices. On April 17, 2009, we entered into a license agreement (the “License”) with Wind Sail Receptor, Inc. of Boulder City, Nevada (“WSR”), pursuant to which we were granted the exclusive license to assemble and market WSR’s wind sail receptor energy generation devices using blades of 15 feet or less in length in the United States, Canada, the United Kingdom and Ireland, with nonexclusive rights in the rest of the world except Latin America and the Caribbean. Under the License, we must acquire 100 blades from WSR during the first year after WSR is able to manufacture the blades. WSR is currently in the final stages of selecting the electrical generator that it will connect to the WSR wind turbine blade.
 
During 2010, the Company issued 1,900,000 shares of the Company’s restricted common stock to WSR in consideration of amending its License. The proposed amendment to the License Agreement currently in existence between the Company and Wind Sail Receptor has not yet been executed. The reasons are various but include, but are not limited to, finalizing details regarding the need for the Company to be involved in assembly of the wind turbines in various license territory outside the US, final pricing that the units will be sold by Wind Sail Receptor to the Company, final terms of the product Warranty to be provided by Wind Sail Receptor, and possible additional exclusive territory added to the license. Under the terms of the existing License the Company intended to use its best efforts to obtain Federal, State, Local, or Private Grant Funds and to share these Grant Funds with Wind Sail Receptor up to a sum of one million dollars. To date the Company has not been successful in obtaining Grant Funds. The proposed amendment also could result in altering the various financial dealings between the two companies. No monetary disputes currently exist between the two companies. WSR is hopeful that it will begin production of complete wind turbine systems early in the second quarter of 2011.
 
We anticipate our first three wind turbine products will have blade diameters of 3, 6 and 12 feet with towers of up to 100 feet high. We are currently negotiating terms for the formation of the working capital required to bring our first products to market at some point during the second quarter of 2011. The progress of the Company in marketing its new wind energy products is dependent on obtaining additional capital.
 
 
 
Company Contact Information:
 
14550 N. Frank Lloyd Wright Blvd
Suite 100
(801) 521-9300
(702) 289-4372
(206) 984-2655 - fax
Scottsdale, Arizona 85260
 
 
Company Financial Information:
 
Reporting Status
US Reporting: SEC Filer
 
Incorporated In
UT-USA
 
Audited Financials
Not Available
 
Year of Inc.
1983
 
Latest Report
Not Available
 
Employees
4 a/o 1 Apr 2011
 
Regulatory Agency
Not Available
 
 
 
 
CIK
0000726037
 
Company Officers/Directors
Ronald Conquest
CEO/Chairman
Fiscal Year End
December 31
 
 
David P. Martin
President/Director
OTC Market Tier
OTCQB
 
 
Wendy Carriere
Secretary/CFO
SIC Industry
6794 Patent Owners
 
 
 
 
Business Status
Dev Stage a/o 1 Apr 2011
 
 
Christopher R Miller
Secretary/CFO
 
 
Company Leadership:
 
Ronald Conquest - Director, Chairman of the Board and Chief Executive Officer of the Company since January 30, 2009.  Over the past four decades, Mr. Conquest has developed a diversified business management background, including ownership and/or operation of, or involvement with, a wide variety of public and private companies in the United States, Canada, Mexico, Brazil, United Kingdom, Costa Rica, Peoples Republic of China, and the Commonwealth of Independent States (former USSR).  Mr. Conquest’s executive experience includes Chairman of the Board and CEO level corporate management, along with domestic and international corporate finance with public and private corporations. Mr. Conquest’s corporate structuring background includes corporate mergers, acquisitions and reorganizations, initial public offerings, public shell reverse mergers, corporate public relations and securities market making.  He also has experience in concept development, business plan development, business organization, strategic planning, start-up, sales, marketing and promotion, and personnel management.  Since 2001, he has acted as a financial consultant with regard to investment and merchant banking and acquisitions and mergers under the trade name The Conquest Group located in Phoenix, Arizona.  Mr. Conquest was educated at the University of Oklahoma, studying Mathematics and Engineering.
 
David P. Martin - President and Director since April 29, 2009.  From November 1999 to December 2008, Mr. Martin was Vice President of Sales and Marketing for Amerityre Corporation, a publicly traded company located in Boulder City, Nevada, which invents and markets polyurethane tires for non-traditional tire applications.  From January 2009 until his appointment with Registrant, Mr. Martin had been retired.  From 1979 to 1994, Mr. Martin was a licensed securities broker with Paine Webber, Thomson, McKinnon Securities and Prudential Securities.
 
 
NOTE: According to most recent 10K Mr. Conquest and Martin each received $60,000 in annual salary – Mr. Conquest is designated as a $5,000 per month consulting fee ($39,500 has been paid); Mr. Martin receives a salary of $5,000 per month ($15,000 has been paid).
 
 
Christopher R. Miller - Director and Chief Financial Officer of the Company from January 30, 2009 until March 18, 2010.  Mr. Miller graduated from Arizona State University in 1994 with a Bachelor of Science Degree in Finance.  From 1994 through 2000, Mr. Miller held various positions at U-Haul® International, Inc.  As Treasurer of U-Haul® Self Storage Corporation (a subsidiary of U-Haul® International) and Senior Financial Analyst for UHAL, Mr. Miller’s responsibilities included the organization, underwriting, negotiation, auditing, financial modeling, management and reporting for the company’s acquisitions and financings.  Mr. Miller was involved with the management, purchase and financing of over $300 million of self-storage facilities funded primarily through CMBS placements and synthetic lease transactions involving Merrill Lynch-Canada, First Union, Wells Fargo and GE Capital. Mr. Miller’s responsibilities also included the management, development and mentoring of three MBA level financial analysts comprising U-Haul’s Management Information Analysis Department, along with producing U-Haul’s monthly Board of Directors presentation on company financial performance.  Beginning in late 2000, Mr. Miller became Chief Financial Officer for AutoAuto Wash®, a start-up operation of car wash facilities.  His active employment included capital raising, operations, facility openings, accounting and marketing, facilitating the growth of the chain to 27 facilities nationally in just over a year.  From 2002 through the present, Mr. Miller has been providing financial consulting services to a wide variety of organizations specializing in asset valuation, business start-up and financing and private and public company valuations. Projects include self-storage portfolio acquisitions, retail start-up operations and exclusive high-rise and low-density beachfront condominium developments.  Beginning in June 2006 to the present, Mr. Miller has been providing public company valuation, financial modeling and due diligence services to Doherty & Company, LLC, a Los Angeles based licensed broker-dealer specializing in venture capital, private equity funding, mergers and acquisitions advisory, and valuations for early stage companies.  Since 2003, Mr. Miller has offered specialized consulting services to entrepreneurs, private investment companies and licensed securities brokers-dealers under the name Sun Capital, LLC located in Phoenix, Arizona.
 
Wendy Carriere -  Secretary/Treasurer, Chief Financial Officer and Director since April 21, 2010.  Ms. Carriere earned  a Bachelors of Science Business Administration from the University of Nevada-Las Vegas in 1993.  From January 2010 to present, Ms. Carriere was the owner and Chief Executive Officer of Fair Debt Servicing located Southern California, specializing in servicing loans for large institutional investors. From June 2007 to December 2009, Ms. Carriere was President of  Nationwide Auction Finance in Southern California, a subsidiary company of publicly traded Entrade. Nationwide originated loans to individuals and provided loan servicing and collections to its own portfolio.  From November 2005 to present, she has served as Chief Financial Officer and Controller of Data Control Corporation in Sacramento, a parent company with subsidiaries specializing in web-based data warehousing, print media publishing and large scale software development.  From March 2004 to May 2005, Ms. Carriere was Chief Financial Officer for Newgen Results Corp., a wholly-owned subsidiary of TeleTech located in San Diego with annual revenues of $100M, providing auto dealerships with a complete suite of customer relationship management solutions.
 
Each Director serves until the next annual meeting of shareholders or until a successor is elected and qualified.  Officers serve at the pleasure of the Board of Directors.  No arrangement or understanding exists between any officer or Director and any other person pursuant to which he was nominated or elected as Director or selected as an officer.
 
  

Company Security Details:
 
Share Structure:
 
 
 
Shareholders of Record:
568
a/o 31 Mar 2011
 
Market Value
$3,787,509
a/o 29 Apr 2011
 
 
 
 
 
Shares Outstanding
42,083,428
a/o 29 Mar 2011
 
 
 
 
 
Float
21,854,960
a/o 29 Mar 2011
 
 
 
 
 
Authorized Shares
100,000,000
a/o 31 Dec 2010
 
 
 
 
 
Par Value
0.001
 
 
 
 
 
 
 
 
 
 
Transfer Agent
 Auditor/Accountant
Investor Relations Firm
Action Stock Transfer
Robison, Hill & Co, APC
Black Arrow Communications
7069 Highland Drive, Suite 300
1366 E Murray-Holladay Rd
334 South Hyde Park Rd
Salt Lake City, UT  84121
Salt Lake City, UT  84117
Tampa, FL 33606
(801) 274-1088 – phone
(801) 272-8045 – phone
 
(801) 274-1099 – fax
(801) 277-9942 – fax
 
 
 
 
 
 
WindGen Energy Issues Shareholder Letter
Windgen Energy Inc.
(OTCBB: $WGEI)



SCOTTSDALE, Ariz., May 3, 2011 (GLOBE NEWSWIRE) --

April 29, 2011


$WGEI.OB / $WGEI.QB

Dear WindGen Energy, Inc ($WGEI) Shareholder:

I am writing to you in order to update you on the progress of your company. As you are aware we are the exclusive Licensee for a new small wind turbine technology developed by Wind Sail Receptor, Inc (WSR) for sales and distribution in the United States, Canada and the UK and on a non-exclusive basis in the rest of the world except for Latin America. We intend to offer three different models of the WSR turbine systems, a small unit with a three foot blade diameter, a medium size unit with a six foot blade diameter, and a larger unit with a twelve foot blade diameter. The first of the three models to be offered will be the six foot blade unit and you may view this turbine system by going to our Website www.windgenenergy.com. This unit will be introduced to the World at the upcoming American Wind Energy Association (AWEA) International Wind Expo, May 22-25 at the Anaheim, California convention center.

We feel very privileged that WindGen Energy, Inc. will lead the sale and distribution of this promising technology given the current need for renewable energy in the United States and around the world. Like other alternative energy sources, WindGen qualifies for tax deductions under the American Recovery and Reinvestment Act as well as other federal, local government, and utility rebates. The Company is well positioned to capitalize on an exponentially growing market for alternative energy. This current $75,000,000 small wind generating market is expected to grow worldwide to over 5 billion dollars annually in the next 5 years.

Unique World-Class, Competitive Technology

Let us share details regarding this technology to which WindGen has gained exclusive access. We hope you will find this as exciting as we do. Wind Sail Receptor, Inc., the developer of this underlying technology, has taken a superior approach to wind turbine design based on a novel use of a proprietary polyurethane compound configured in a unique sail-like blade architecture pioneered by inventor Richard A. Steinke. Mr. Steinke's technology allows our wind turbines to be smaller, more efficient, easier and less expensive to install and maintain, while at the same time having the capability to operate silently in a very wide range of wind conditions. Mr. Steinke is a graduate of Arizona University and is a prolific inventor. He holds ten patents and has successfully developed in excess of 35 commercial products. The patents involve the processing of urethane systems and manufacturing techniques, air pollution controls, and wind and water turbines.

Unlike other wind turbine approaches, these turbines use a 4-blade architecture, with each blade shaped like the sail of a sailboat. The unique polyurethane material is both flexible and durable, enabling the blades to capture the wind from speeds of less than 5 mph to winds in excess of 50 mph. The competition is generally confined to operating in winds of 8-35 mph. Noise has been a real environmental issue in many locations with the traditional wind turbines operating in the 50-125 decibel range. Our wind turbines run at a sound level below 10 decibels. (Breathing is 10 decibels.) These highly efficient blades allow our wind turbines to be mounted on much shorter towers of 50 feet or less compared to the traditional 200-400 foot wind farm giants. This greatly expands our potential market.

Host of Practical Advantages
Here are a few of our competitive advantages:


Polyurethane blades that are much more durable than the traditional graphite composite blades and are unaffected by the elements and the ozone (Blades are a major maintenance problem for the competition.)
Overall smaller footprint with shorter towers, less weight, easier installation. The competition's 150 foot blade diameter weighing 35/50,000 pounds is replaced by a WSR system that has a 30 foot blade diameter and weighs less than 12,000 pounds
Simple direct drive, eliminating the need for complex, heavy, high-maintenance gearing (our competitions other Achilles heel)
Lower 20-year average kWh cost than the competition
Compatible with "Net Metering" where users can feed excess power back into the local power grid and earn income
Lower maintenance cost
Best warranty in the industry, extendable to 10 years.


Technology Validation

It is essential that cutting-edge technology have objective validation by outside authorities. Independent technical verification will begin shortly by a prestigious east-coast University and their Department of Engineering. In addition testing will occur at a Department of Energy approved wind energy test facility located in Utah. A demonstration site has been selected near Wind Sail Receptor's office in Boulder City, Nevada. The first test unit should be in operation by June.

Wind Sail Receptor's Approach to Product Production

WSR has developed a well-organized approach to production to assure high-quality, rapid-development cycles and overall competitiveness. They have contracted with GinLong Technologies Inc (www.ginlong.com) a highly experienced Ningbo China company that specializes in the development and manufacturing of wind turbine permanent magnet generators. Their manufacturing facilities are modern state-of-the-art and have the capability to meet the growth demands of WGEI. The revolutionary polyurethane blade component will be manufactured by Wind Sail Receptor in Southern Nevada.

Sales and Distribution

To launch into the important rural wind turbine market in the United States central wind belt (our initial marketing objective), we are joining forces with some excellent partners and distributorships. We are recruiting the competition's existing distributors as well as various farm equipment dealers, such as John Deere, who have a well-established rural network of dealers throughout America. All have the existing ability to provide exceptional sales, installation, and maintenance services. Each distributor will be required to buy at least one turbine system generating immediate revenue for the company. We expect to begin taking orders by the end of May with delivery during July.

Fellow shareholders, we are pleased to share this exciting news with you and believe the Company's future prospects are very bright. We look forward to communicating further with you through press releases, 8K's, and our SEC annual 10K and quarterly 10Q reports. Thank you for your loyalty and interest.

Kind regards,

Ron Conquest, CEO

Dave Martin, President


WindGen Energy, Inc. "Safe Harbor" Statement

Certain information included in this communication constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, including, among others, statements regarding the performance of our products, business strategy, projected levels of growth and projected costs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of WindGen Energy, Inc. and members of our management team, as well as the assumptions on which such statements are based. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties so that actual results may differ materially from those contemplated by forward-looking statements. Other important factors that may affect the Company's business, products, results of operations, and financial condition include, but are not limited to: our ability to sustain profitability; our ability to respond successfully to technological change; the availability of services from electrical network/grid providers or electrical network providers providing grid access loops and local loops on favorable terms, or at all; failure of third party suppliers to deliver their products and services on favorable terms, or at all; and our ability to protect our intellectual property. For further information or a copy of the Company's current Private Placement memorandum please contact Black Arrow Communications, 813-347-7943, blackarrowcomms@yahoo.com, or info@windgenenergy.com

14550 North Frank Lloyd Wright Blvd • Suite 100 • Scottsdale • AZ • 85260

Phone 480-991-9500 • Fax 480-248-6791

www.windgenenergy.com • info@windgenenergy.com
 
 

Links to Company Research/Charts:
 
http://www.stockta.com/cgi-bin/analysis.pl?symb=WGEI&num1=1&cobrand=&mode=stock
 
http://ih.advfn.com/p.php?pid=trades&symbol=WGEI
 
http://www.barchart.com/quotes/stocks/WGEI
 
http://www.otcmarkets.com/stock/WGEI/company-info
 
Real-Time Level 2 Quote Montage
http://www.otcmarkets.com/stock/WGEI/quote
 
Chart courtesy of Yahoo
http://finance.yahoo.com/q?s=WGEI.OB&ql=0
 
 
 

 

  


 

 

Links to Company Filings:
 
http://www.otcmarkets.com/stock/WGEI/financials
 
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0000726037&action=getcompany 


NEW FILING OUT:  -   29 APR 2011
FORM TYPE:  -   8K  Letter to Shareholders 
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7893111
 
NEW PR OUT:  -   3 MAY 2011
FORM TYPE:  -   Letter to Shareholders 
http://www.globenewswire.com/newsroom/news.html?d=220624


Date Time Source Headline Symbol   Company
05/03/2011 11:53AM GLOBE WindGen Energy Issues Shareholder Letter OTCBB:WGEI   WindGen Energy Inc.
04/29/2011 5:16PM Form (8-K) Current report filing OTCBB:WGEI    
02/03/2011 9:00AM MWUS American Energy Is Powered With Capital Opportunities at the San Diego Investment Conference OTCBB:WGEI   San Diego Investment Conference
01/13/2011 6:44PM EDGAR Amended Statement of Changes in Beneficial Ownership (4/A) OTCBB:WGEI    
12/20/2010 3:48PM Form (8-K) Current report filing OTCBB:WGEI    
11/12/2010 2:57PM Form (10-Q) Quarterly Report OTCBB:WGEI    
08/19/2010 2:20PM EDGAR Amended Current report filing (8-K/A) OTCBB:WGEI    
08/17/2010 1:02PM EDGAR Securities Registration: Employee Benefit Plan (S-8) OTCBB:WGEI    
08/13/2010 12:32PM Form (10-Q) Quarterly Report OTCBB:WGEI    
06/30/2010 3:48PM Form (8-K) Current report filing OTCBB:WGEI    
06/08/2010 9:04PM EDGAR Amended Statement of Changes in Beneficial Ownership (4/A) OTCBB:WGEI    
05/24/2010 2:56PM Form (3) Initial Statement of Beneficial Ownership OTCBB:WGEI    
05/24/2010 12:29PM Form (10-Q) Quarterly Report OTCBB:WGEI    
05/17/2010 12:47PM EDGAR Notification that Quarterly Report will be submitted late (NT 10-Q) OTCBB:WGEI    
04/15/2010 6:02AM Form (10-K) Annual Report OTCBB:WGEI    
03/31/2010 11:30AM EDGAR Notification that Annual Report will be submitted late (NT 10-K) OTCBB:WGEI  

 

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PostSubject
#676   He knows how to do it. Mr. Conquest’s corporate cameron86 10/02/18 07:13:24 PM
#675   Wonder if we will hear anything soon? Can’t cameron86 10/02/18 06:44:38 PM
#674   Rm in the making .. Ron conquest is cameron86 07/24/18 12:05:49 PM
#673   Continuous loading here. Something def up! Brodmann 07/24/18 10:03:58 AM
#672   Nice loading going on here. cameron86 07/24/18 10:03:01 AM
#671   Mm's lining up looks like it might start cameron86 06/26/18 12:41:00 PM
#670   Yea buddy .008 up cameron86 06/26/18 12:24:02 PM
#669   I think she goes today.. look at the L2 Brodmann 06/26/18 12:19:22 PM
#668   Yes it seems that way something is up. cameron86 06/26/18 12:04:45 PM
#667   Been watching for a while - someone keeps Brodmann 06/26/18 11:30:31 AM
#666   Anytime now. ! cameron86 06/26/18 11:29:40 AM
#665   $WGEI - Chart set, ULTRA THIN l2 - BOOM Brodmann 06/26/18 11:19:19 AM
#664   Windgen Energy Inc. (PN) (WGEI) hit an upwards WeihsJD 06/21/18 12:33:52 PM
#663   Looks like a pump and dump to me Penny Planet 06/21/18 12:16:15 PM
#662   Why is this popping reddog1111 06/21/18 12:10:40 PM
#661   $WGEI: PENNY Breaker.... Nice Hitting now makinezmoney 06/21/18 11:42:21 AM
#660   WGEI: Now tapping $0.008.... $0.013 next makinezmoney 06/21/18 11:38:41 AM
#659   $WGEI: Creeping higher now... Tapping $0.0071 makinezmoney 06/21/18 11:29:13 AM
#658   There’s still movement in this stock angelboxblink 04/28/18 03:16:58 PM
#657   WGEI is severely delinquent in filing their Financials Renee 02/22/15 03:44:59 PM
#656   wish I had more than a measly 202K king koopa 04/01/14 09:43:04 PM
#655   Wish this company did sec reports. I might TimWJ11 03/24/14 01:44:59 AM
#654   they filled the rest of that bid I'd king koopa 02/24/14 09:19:48 PM
#653   long here too - waiting patiently Diva1963 02/20/14 06:24:41 AM
#652   Yep, figured I would have to hit the HIFI 02/19/14 10:50:00 PM
#651   well tell u what though, u saw me king koopa 02/19/14 10:37:12 PM
#650   Yep, I should have had a bid in, HIFI 02/19/14 10:33:24 PM
#649   i dunno but whoever it was they were king koopa 02/19/14 08:37:31 PM
#648   Nice job, wonder who got the .0027's a HIFI 02/19/14 07:46:32 PM
#647   yeah someone finally outbid my .004 with a king koopa 02/19/14 06:32:02 PM
#646   been watching did you hit the ask ?? HIFI 02/19/14 05:23:32 PM
#645   WGEI this one's a real sleeper here.. was king koopa 02/19/14 03:19:50 PM
#644   LOL don't think it's a "winner" smell!!!! honest dave 01/22/14 06:25:36 PM
#643   WGEI is smells like a winner kranthikumar 01/13/14 10:07:46 AM
#642   $WGEI ~ Daily Par Sar Buy Signal ~ Penny Roger$ 08/28/13 05:51:33 PM
#641   any word on this stock? kingston1 05/18/13 02:49:32 PM
#640   if you guys are looking for a Wind fjmg87 11/15/12 02:24:49 PM
#639   194% up .05 Nice finish STOCK_MOMO 09/22/12 10:32:06 AM
#638   we have slowed down .... goldisking3000 03/20/12 11:25:31 AM
#637   Up a little i see ..... goldisking3000 02/01/12 09:29:08 PM
#635   Form 10Q Filing - 15 August 2011: Chroma-Z 08/19/11 06:20:32 AM
#634   One thing to keep in mind is people Chroma-Z 08/07/11 10:28:01 AM
#633   As the saying goes (word of mouth) I BottomTurn 08/07/11 10:18:17 AM
#632   Sorry to say but there are more and Chroma-Z 08/07/11 10:10:25 AM
#631   Nobody can affort these fans in our back BottomTurn 08/07/11 10:03:36 AM
#630   I think that is a good point. Chroma-Z 08/03/11 08:43:54 PM
#629   Did you see the salary of the officers jeagerboy 08/03/11 08:34:34 PM
#628   I know quite a few people that own Chroma-Z 08/03/11 08:21:46 PM
#627   How many people do we know that has jeagerboy 08/03/11 08:17:15 PM
#626   Yea but you need to lay out $40,000 BottomTurn 08/03/11 08:10:29 PM
PostSubject