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Need more news on the drone airplanes their developing before this one really takes off.
Well being on the pink sheets isn't so bad. It eliminates a lot of filing costs. PVNC Is on the pinks for a number of late filings, not for not filing. Your allowed 2 late filings per year,PVNC has had more. Also it only keeps them off the OTCBB for a year period,can be reinstated,as long as the filings are kept up to date . As long PVNC stays a reporting pink sheet company any good news shoudn't effect the PPS going up. Sometimes it's easier.
A lot of start up companies prefer being on the PINKS. I have no problem with it. All IMO only
e)(1) Notwithstanding the foregoing paragraphs, a member shall not be permitted to quote a security if:
(A) while quoted on the OTCBB, the issuer of the security has failed to file a complete required annual or quarterly report by the due date for such report (including, if applicable, any extensions permitted by SEC Rule 12b-25) three times in the prior two-year period; or
(B) the security has been removed from the OTCBB due to the issuer's failure to satisfy paragraph (a)(2), (3) or (4), above, two times in the prior two-year period.
(2) If an issuer’s security becomes ineligible for quotation on the OTCBB pursuant to paragraph (e)(1)(A) above, the security will be removed from quotation on the OTCBB without the benefit of any grace period for the third delinquency, except that NASD will provide seven calendar days from the date notification is mailed to the issuer pursuant to paragraph (f)(1) to permit an aggrieved party to request a review of the determination by a Hearing Officer (as defined in Rule 9120(p)) pursuant to paragraph (f) below. Following the removal of an issuer's security pursuant to this paragraph (e), such security shall not be eligible for quotation until the issuer has timely filed in a complete form all required annual and quarterly reports due in a one-year period. For purposes of this paragraph, a report filed within any applicable extensions permitted by Rule 12b-25 under the Exchange Act will be considered timely filed.
(f) (1) Upon determining that an issuer’s security would be ineligible for quotation under this rule, NASD will send a notification to the address on the cover of the issuer’s last periodic report. This notification will state the date upon which the security will be removed, following any applicable grace period, unless the condition causing the ineligibility has been cured by that date. When a security becomes ineligible for quotation pursuant to paragraph (e) above, however, the issuer may not cure the condition that caused the ineligibility. In all cases, NASD will provide at least seven calendar days from the date the notification is mailed to the issuer to permit an aggrieved party to request review pursuant to paragraph (f)(2) below, before removal of the security.
(2) Pursuant to the Rule 9700 Series, as modified herein, an aggrieved party may request a review by a Hearing Officer of the determination that an issuer’s security is ineligible for quotation under this rule. NASD must receive the request for review at least two business days prior to the scheduled removal of the security, together with a $4,000 hearing fee payable to NASD to cover the cost of review. A request for review under this paragraph (f)(2) will stay the removal of the issuer’'s security from the Service until the Hearing Officer issues a decision under Rule 9750. The Hearing Officer will consider only the issues of whether the issuer’'s security is then eligible for quotation in the Service and/or whether the issuer filed a complete report by the applicable due date taking into account any extensions pursuant to Rule 12b-25 under the Exchange Act. The Hearing Officer shall not have discretion to grant any extensions of time for ineligible securities to become eligible. Notwithstanding any contrary provision in the Rule 9700 Series, hearings will be conducted via telephone and NASD will provide the aggrieved party at least five business days notice of the hearing unless the aggrieved party waives such notice.
(3) The decision of the Hearing Officer may be called for review by the Review Subcommittee of the National Adjudicatory Council as set forth in Rule 9760. This review will only consider whether the issuer's security, at the time of the initial review under paragraph (f)(2), was eligible for quotation in the Service and/or whether the issuer filed a complete report by the applicable due date taking into account any extensions pursuant to Rule 12b-25 under the Exchange Act. There will be no discretion to grant extensions of time for ineligible securities to become eligible. The removal of the issuer's security from the Service will be stayed until the earlier of written notice that the National Adjudicatory Council's Review Subcommittee will not call the decision for review, the expiration of the time allowed to exercise a call for review under Rule 9760 or a decision is issued by the National Adjudicatory Council as set forth in Rule 9760. Notwithstanding any contrary provision in the Rule 9700 Series, a review under this paragraph (f)(3) will be based on the written record, unless additional hearings are ordered by the Subcommittee as set forth in Rule 9760. If any further hearings are ordered, the hearings may be conducted via telephone and NASD will provide the aggrieved party at least five business days notice of the hearing unless the aggrieved party waives such notice.
Amended by SR-NASD-2007-052 eff. Aug. 1, 2008.
Amended by SR-NASD-2005-087 eff. Aug. 1, 2006.
Amended by SR-NASD-2005-067 eff. June 21, 2006.
Amended by SR-NASD-2006-029 eff. Feb. 27, 2006.
Amended by SR-NASD-2005-011 eff. Nov. 16, 2005.
Amended by SR-NASD-98-51 eff. Jan. 4, 1999 for newly quoted issues; eff. July 4, 1999 for issues quoted on Jan. 4, 1999.
Amended by SR-NASD-92-07 eff. Apr. 1, 1998.
Amended by SR-NASD-96-08 eff. Jan. 7, 1997.
Selected Notices to Members: 99-15, 99-43, 99-76, 08-34.
If the deal was done I think you would see a different reaction to the news. If the news to the PPA comes out next week and the deal annouced today goes through we are sitting on a gold mind. Until that happens, everything is only a maybe. Maybes are nothing these days.
How difficult can it be to keep your financials up to date when you haven't had anything happen in the last 8 months. 'E" coming
ANDR needs a investor relations company to bring awareness to investors. No one has heard about the company. Profit Scout seems to be the only long time share holder.
Looks like not to many shareholders around. Pretty tight float. Any kind of buying we'll be in the 20's. If they ever sell one of their planes, a lot higher.
Don't hold your breath, if they are true to form this one will be back to trading where it is now after the roll back. IMO
Hi Howard,
I've made money in the past on some of his stocks also. When you can buy 2 million shares at $800.00 it's tempting,however when your stock is reduced 2000 to 1 it isn't. This would mean you would have to sell your stock at 80 cents just to break even. Who in their right mind would pay this. IMO LOL
GGLB .001
AVWI .0004
FCCN ?
PFCK ?
BDLF .0002
Just some of Peacocks winners
I don't think it's funny at all. My $2800.00 investment was just sold for $120.00 less commision. What can you do? It's a write off. Check out Peacocks other stocks, even after a roll-back there still trading sub-penny. IMO
LOL
2000 to 1 rollback will virtually eliminate all the existing shareholders. 2 million shares become 1000 LOL
The OTCBB is risky enough. The only way to make money on the pinks is if you get in early enough and there's a small outstanding, and you know some of the insiders. Then maybe you have a small chance. With the 2 roll-backs on this one it virtually eliminates any of the existing shareholders. A long wait for nothing. Good Luck to all and if you see anything else that looks interesting please post here.
.04 to .05 Doesn't look very positive to me.
ASI Entertainment Appoints First SafeCell Licensee
SEATTLE, Mar 12, 2008 (BUSINESS WIRE) --
ASI Entertainment, Inc. (OTCBB:ASIQ) announced today that it has signed a marketing licence agreement with Mr Edwin Chan for SafeCell, the Company's patent pending in flight mobile phone system.
The licence agreement comprises a payment of $100,000 for the marketing rights and a $100,000 investment in the Company based on one million shares at 10 cents per share.
The licence is for a two year term covering the Southern Asian region. As part of the agreement, Mr Chan will establish a marketing operation including promotional program. Mr Chan is a successful businessman and brings together a new team that will enhance the SafeCell opportunities in the region.
Ron Chapman, ASI CEO, stated "Edwin has been associated with the ASI Group for the past 2 years as the Asian Regional Director for ASiQ Limited Australia. Edwin's dedication and commitment to the ASI Group has been outstanding, and we are extremely pleased that he is now the first to come on board as a licensee for SafeCell."
SafeCell was created to allow passengers to use their mobile phones in aircraft, enabling them to send messages and data without incurring expensive roaming charges. SafeCell turns a normal mobile phone into a wireless communicator and communicates via satellite through the internet. SafeCell achieves this by downloading software onto the mobile phone, which enables it to operate like a normal messaging system. The SafeCell system connects via Bluetooth, so it suits all modern mobile phones including Blackberries, PDA's and new generation mobile phones that have wireless interface, such as iPhone.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," "may," "will," "should," "could," "expect," "intend," "project," and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
SOURCE: ASI Entertainment, Inc.
ASI Entertainment, Inc. Phil Shiels, +61 3 9016 3021 phil.shiels@nextwaveinvestments.com
Copyright Business Wire 2008
The only thing I can see is that some of the options have expired and the price is being held down till new options are set. Otherwise I can't see any reason why the price is down at these levels. The 2.6 million dollars in the treasury works out to almost .07 cents per share cash value with 36 million shares outstanding. With the management team that's in place this stock is way undervalued. ALL IMO
LOL
Finmetal Identifies a Nickel Sulphide Zone at Halvala Mine
Drilling to Commence in December
11/12/2007 | 6:30:00 PM
Tampere, Finland - November 13 th, 2007 - Finmetal Mining Ltd. (OTCBB: FNMM) is pleased to announce that a three dimensional compilation of the historical data at its Halvala joint venture is complete, and has successfully delineated a discrete steeply-dipping zone of nickel sulphides that is open at depth. Several historical holes drilled by the Geological Survey of Finland have been surveyed with down-hole electromagnetics (EM) and an airborne EM survey is currently in progress.
After plotting and mapping the extensive archive of historic data, 3-D computer models were generated that provided a better understanding of the Halvala Mine's exploration potential. FinMetal VP of Exploration, geophysicist Steve Balch, designed and supervised the implementation of a US $800,000 airborne and down-hole electromagnetic geophysics (EM) program.
Mr Balch said, "We are highly optimistic that additional zones of nickel sulphides are waiting to be discovered. In fact, our Tainiovarra nickel property, which will soon be flown, is one of our top prospects for developing an open-pit nickel mine. Weather permitting, it as well as other significant targets in the Enonkoski region, will continue to be flown over the next 2 to 3 weeks for the remaining 3000km of a 6000km program, bringing this phase of exploration to completion."
Drilling is scheduled to start in early December. Three proposed drill holes at Halvala will initially target the gap between historic drill holes KRM-HA-29 (0.62% Ni, 0.12% Cu over 4.15 m), KRM-HA-30 (1.95% Ni, 0.40% Cu over 18.64 m), KRM-HA-35B (1.27% Ni, 0.22% Cu over 8.53 m) and KRM-HA-39 (0.62% Ni, 0.59% Cu over 5.49 m). In addition, the zone will be tested at depth where it remains open.
Former Inco VP of Exploration and current FinMetal director, Bob Horn stated, "We consider the Halvala Mine is our best target for the discovery of an ore body that may be placed rapidly into production. This is due to its historic intersections of high-grade nickel and the fact that modern geophysics has never been used to explore the property. The geophysical techniques we are using are particularly effective for nickel sulphide exploration in glaciated terrains and have been used very effectively in all in the major Canadian nickel districts including Sudbury, Voisey's Bay, Thompson and Raglan. At Inco we used our geological knowledge and these same geophysical techniques to discover more than US$2 billion net worth of nickel over a seven year period."
Mr. Horn continued, "We have signed a contract with Finnish-based Suomen Malmi Oy to complete a minimum of 5,000 meters of drilling which we expect will provide us with a first indication of the size potential of the Halvala zone.
On Behalf of the Board:
Daniel Hunter - CEO
FinMetal Mining Ltd.
Finlaysoninkuja 9
FIN-33210 Tampere, Finland
Phone: +358 3 260 4331
Fax: +358 3 260 4330
e-mail: info@finmetalmining.com
www.FinMetalMining.com
FNMM NICKEL AND GOLD STOCK trading at around .06 cents
Properties
http://www.finmetalmining.com/advancedprojects.asp
36,398,176 shares of common stock as of November 14, 2007.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5549845
Financing was done at higher prices last year
Issue of common stock on purchase of Finmetal Mining Oy at a deemed value of $1.28 per share on November 27, 2006 (Note 6)
1,000,000
10
1,279,990
Issue of 5,090,000,common shares for cash at $ 0.50 per share and 509,000 common shares as a finders fee on December 7, 2006
5,599,000
56
2,544,944
Stock grant issued as stock based compensation at a deemed value of $1.24 per share on November 30, 2006
(Note 5)
1,950,000
19
2,417,981
Issue of 2,436,000,common shares for cash at $ 1.25 per unit on April 17, 2007, net of finders fees of $212,450
2,436,000
25
2,832,525
Stock grant issued as stock based compensation at a deemed value of $1.45 per share on April 17, 2007
(Note 5)
925,000
9
1,341,241
Managemrnt team
http://www.finmetalmining.com/finMetalsChoice.asp
FNMM .06 GOLD and NICKEL STOCK
FNMM NICKEL AND GOLD STOCK trading at around .06 cents
Properties
http://www.finmetalmining.com/advancedprojects.asp
36,398,176 shares of common stock as of November 14, 2007.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5549845
Financing was done at higher prices last year
Issue of common stock on purchase of Finmetal Mining Oy at a deemed value of $1.28 per share on November 27, 2006 (Note 6)
1,000,000
10
1,279,990
Issue of 5,090,000,common shares for cash at $ 0.50 per share and 509,000 common shares as a finders fee on December 7, 2006
5,599,000
56
2,544,944
Stock grant issued as stock based compensation at a deemed value of $1.24 per share on November 30, 2006
(Note 5)
1,950,000
19
2,417,981
Issue of 2,436,000,common shares for cash at $ 1.25 per unit on April 17, 2007, net of finders fees of $212,450
2,436,000
25
2,832,525
Stock grant issued as stock based compensation at a deemed value of $1.45 per share on April 17, 2007
(Note 5)
925,000
9
1,341,241
Managemrnt team
http://www.finmetalmining.com/finMetalsChoice.asp
FNMM .06 cents GOLD AND NICKEL STOCK
FNMM NICKEL AND GOLD STOCK trading at around .06 cents
Properties
http://www.finmetalmining.com/advancedprojects.asp
36,398,176 shares of common stock as of November 14, 2007.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5549845
Financing was done at higher prices last year
Issue of common stock on purchase of Finmetal Mining Oy at a deemed value of $1.28 per share on November 27, 2006 (Note 6)
1,000,000
10
1,279,990
Issue of 5,090,000,common shares for cash at $ 0.50 per share and 509,000 common shares as a finders fee on December 7, 2006
5,599,000
56
2,544,944
Stock grant issued as stock based compensation at a deemed value of $1.24 per share on November 30, 2006
(Note 5)
1,950,000
19
2,417,981
Issue of 2,436,000,common shares for cash at $ 1.25 per unit on April 17, 2007, net of finders fees of $212,450
2,436,000
25
2,832,525
Stock grant issued as stock based compensation at a deemed value of $1.45 per share on April 17, 2007
(Note 5)
925,000
9
1,341,241
Managemrnt team
http://www.finmetalmining.com/finMetalsChoice.asp
taking the 30 to 1 reverse split into consideration when it was at .015 cents this stock should be able to go much higher with out to much resistance.........LOL
This looks like the new company which was vended in for 40 million restricted shares.
http://www.precisionuav.com/contact.html
Doesn't give to much info
PVNC wouldn't have been bought by Paragon Capital if a reverse merger wasn't in the works.
LAS VEGAS, NV, Jan 08, 2008 (MARKET WIRE via COMTEX) -- PVNC | news | PowerRating | PR Charts -- Prevention Insurance (OTCBB: PVNC | news | PowerRating | PR Charts ) announces that the company has completed financing with an institutional investor. The investor is seeking to increase shareholder value by helping with an acquisition or acquisitions to help grow the company. The President and CEO of Prevention, Mr. Scott Goldsmith, has stepped down from his position with the company after 32 years. Mr. Alan P. Donenfeld has assumed the President and CEO positions effective December 31, 2007. Alan P. Donenfeld is an institutional money manager who has over 25 years of experience investing in companies and completing mergers & acquisitions. Mr. Donenfeld believes that Prevention is well positioned to complete a reverse merger with a private company, thereby increasing the shareholder value for Prevention investors
FROM BELOW .50 cents to over $20.00 per share
http://www.tradingmarkets.com/.site/news/Stock%20News/970324/?hcode=relatednews
Investors looking to get the edge on the markets are always encouraged to read our new reports, and to become a member to our website to gather as much information as possible, click the link below and read why I believe our new small-cap gem could go from below $.50 to over $20.00 per share, and if that's not enough to convince you, speak to a representative of their IR firm at 1866 657 3334, you will not be disappointed." Stefen Gorgin CEO and Head Analyst International Stock Targets
Some interest today
When it goes past last years high of 22 cents I'll get more excited. Not many of us left that are in this stock.
LOL
Welwind Provides Update On Zhanjiang Windfarm; Yangxi Windfarm; New Transfer Agent and $500,000 Financing
SAN DIEGO, Jan 17, 2008 (PrimeNewswire via COMTEX News Network) --
Welwind Energy International Corp. (OTCBB:WWEI) (the "Company"), announces corporate update.
Zhanjiang Windfarm -- During the due diligence period for the PPA, an issue with the local Port Authority arose requiring meetings with various levels of the Zhanjiang Government and the Port Authority. In a meeting that took place this week between Welwind Management and its Directors, along with high ranking officials of the Port Authority and Government, all outstanding issues have been resolved and the PPA is proceeding as expected.
Welwind Directors have been present in China since the Company's last news release and are committed to remaining in China until PPA completion. The Company has no concerns with obtaining the PPA.
Yangxi Windfarm -- The Company is pleased to announce that after obtaining 16 months of data from its met tower at the Yangxi location, a formal Project Proposal was submitted today to the Yangxi Government. All data collected to date shows promising results for the future build out of this wind farm.
$500,000 Financing -- The Company has completed a $500,000 financing which will be split amongst the two projects and head office for overhead costs. This financing will adequately sustain the public Company's legal, auditing, accounting and administrative costs until the PPA and project financing.
"We would like to reiterate that we understand the shareholder's need for updates on the Company and will provide them as soon as they are available. We continue to be very excited about the Company's direction and look forward to completing all the necessary, and lengthy, paperwork needed to complete the PPA. We also look forward to providing additional news in the coming weeks," says Tammy-Lynn McNabb, President of Welwind.
New Transfer Agent -- The Company has changed its transfer agent from Select Fidelity Transfer Services to Wall Street Transfer Agents. Notice was given to the transfer agent on January 14. The contact for the new transfer agent is Mitz Lehner -- Toll Free: 1-866-455-WSTA (9782). An 8K will be filed accordingly.
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The Company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
The Welwind Energy International Corporation logo is available at: http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the Company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Welwind Energy International Corporation
Welwind Energy International Corp. 604-460-8487 tf: 866-677-2272 info@welwind.com www.welwind.com
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
Scott should list PVNC for sale on http://www.shellstockreview.com/ssr-Home.html
Stocks increase in price just from being listed on there. They have quite a following and he may just find a potential buyer....
The statement was IT'S TRADING LIKE A REVERSE SPLIT IS COMING.
NOT A REVERSE SPLIT COMING......
LOL
TRADING LIKE THERE's A REVERSE SPLIT COMING. IMO
anticipates update friday. Better off to wait till monday.
.016 on sale today
Welwind Negotiates Land Lease Agreement On 2300 Acres in Peace River Region to Develop Windfarm
SAN DIEGO, Nov 14, 2007 (PrimeNewswire via COMTEX News Network) --
Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") is pleased to announce that it is negotiating a land lease agreement in the Peace River Region of British Columbia, Canada. The Peace River Region has been deemed as a commercially viable location to develop a windfarm.
On November 6, 2007 the company sent up a representative to survey the land, and data results for build out are favorable. After visiting the site at Tumbler Ridge, British Columbia, Canada, it was determined that the site is ideal to proceed with a windfarm feasibility study. The area is 13 quarter sections (approximately 2300 acres) of farmers fields that also has an excellent set of roads for accessing the potential site. The site presents virtually no encumbrances to an installation of either a meteorological tower or a windfarm. Road access for turbine installation would also be ideal as the road runs adjacent to the site.
The next step is for the company to finalize a land option agreement based on standard industry guidelines.
"We are pleased with this next step of expansion for the company and further pleased that we are doing so in Canada, a country very pro green energy. We are working closely with Adventis Capital on funding this project and are confident in Adventis' ability to finance, specifically within the Canadian market," says Tammy McNabb, President of Welwind Energy International.
Further news: The company anticipates issuing an update on the Zhanjiang Windfarm PPA on Friday.
About The Peace Region and Wind
BC Hydro began its wind monitoring program in April 2000, erecting wind monitoring equipment at a number of locations throughout B.C. All of these wind monitoring stations have been decommissioned or are being operated by private parties.
In Summer 2003, BC Hydro issued CD-ROMs containing wind data for all of the wind monitoring stations up to June 2003. The complete data set up to August 2004, including previously-released data, is being offered for download to interested parties at no charge. Hydro's objective in releasing this information is to help enable wind energy development in British Columbia by the private sector.
http://www.bchydro.com/environment/greenpower/greenpower1764.html
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate windfarms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
The Welwind Energy International Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Welwind Energy International Corporation
Welwind Energy International Corp. 604-460-8487 Toll free: 866-677-2272 info@welwind.com www.welwind.com
GOOD NEWS FOR CLXN
More than 1 million reported chlamydia cases sets STD record
http://www.cnn.com/2007/HEALTH/conditions/11/13/std.rates.ap/index.html?eref=yahoo
WWEI NEWS
Welwind Energy International Receives Letter of Interest to Finance the Company's Zhanjiang Windfarm
SAN DIEGO, Nov 9, 2007 (PrimeNewswire via COMTEX News Network) --
Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") is pleased to announce that it has received a letter of interest from Acterra Group to fund Phase I of the company's Zhanjiang Windfarm project. Phase I consists of 65 turbines at 1.2-1.5 million per turbine. This commitment will be up to, but not limited to, $75 million.
"We are very pleased at obtaining this letter of interest as it is one of the final steps required by the local power authority in obtaining our PPA," says Mr. Shannon de Delley, Director of Welwind. "Clearly, obtaining financing without further dilution in shareholder stock positions is best for all and financing of this magnitude will propel this company as a major player in the alternative energy market," he adds. Acterra is quite comfortable that financing of the project will be completed once a PPA is in place along with necessary EPC and other standard requirements. Acterra will assist in this process by providing access to project finance legal counsel in preparing such contracts.
"We have been working and negotiating with several finance groups for our two projects and the various phases of development for each -- we are quite pleased in moving forward with Acterra Group," says Tammy McNabb, CEO of Welwind. "There are multiple steps in obtaining a PPA and we would like to thank our shareholders for their patience and their confidence in management's ability in getting the company to this very exciting point. We anticipate financing and build out of Phase I within the first quarter of 2008," she adds.
ABOUT ACTERRA GROUP
For nearly 50 years the people of the Acterra Group have been providing services and support to energy, natural resource, and sustainability companies. From project inception through completion they assist in all areas.
The staff of the Acterra Group is actively working to support the renewable energy market. They deliver services in a number of different ways, each dependent upon the needs and expertise of the clients.
Acterra brings a complete understanding of all project aspects to the management of renewable energy projects thorough technical understanding, construction capabilities, operational talent as well as the underlying financial and management skills necessary for complex programs and comprehensive projects.
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
The Welwind Energy International Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Welwind Energy International Corporation
Welwind Energy International Corp. 604-460-8487 Toll free: 866-677-2272 info@welwind.com www.welwind.com Acterra Group 800-289-7371 Corporate Centre 2000 200 35th Street P.O. Box 160 Marion, Iowa 52302 U.S.A
Welwind Energy International Receives Letter of Interest to Finance the Company's Zhanjiang Windfarm
SAN DIEGO, Nov 9, 2007 (PrimeNewswire via COMTEX News Network) --
Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") is pleased to announce that it has received a letter of interest from Acterra Group to fund Phase I of the company's Zhanjiang Windfarm project. Phase I consists of 65 turbines at 1.2-1.5 million per turbine. This commitment will be up to, but not limited to, $75 million.
"We are very pleased at obtaining this letter of interest as it is one of the final steps required by the local power authority in obtaining our PPA," says Mr. Shannon de Delley, Director of Welwind. "Clearly, obtaining financing without further dilution in shareholder stock positions is best for all and financing of this magnitude will propel this company as a major player in the alternative energy market," he adds. Acterra is quite comfortable that financing of the project will be completed once a PPA is in place along with necessary EPC and other standard requirements. Acterra will assist in this process by providing access to project finance legal counsel in preparing such contracts.
"We have been working and negotiating with several finance groups for our two projects and the various phases of development for each -- we are quite pleased in moving forward with Acterra Group," says Tammy McNabb, CEO of Welwind. "There are multiple steps in obtaining a PPA and we would like to thank our shareholders for their patience and their confidence in management's ability in getting the company to this very exciting point. We anticipate financing and build out of Phase I within the first quarter of 2008," she adds.
ABOUT ACTERRA GROUP
For nearly 50 years the people of the Acterra Group have been providing services and support to energy, natural resource, and sustainability companies. From project inception through completion they assist in all areas.
The staff of the Acterra Group is actively working to support the renewable energy market. They deliver services in a number of different ways, each dependent upon the needs and expertise of the clients.
Acterra brings a complete understanding of all project aspects to the management of renewable energy projects thorough technical understanding, construction capabilities, operational talent as well as the underlying financial and management skills necessary for complex programs and comprehensive projects.
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
The Welwind Energy International Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Welwind Energy International Corporation
Welwind Energy International Corp. 604-460-8487 Toll free: 866-677-2272 info@welwind.com www.welwind.com Acterra Group 800-289-7371 Corporate Centre 2000 200 35th Street P.O. Box 160 Marion, Iowa 52302 U.S.A
Volume usually precedes news. Maybe the long awaited third party testing is going to be released.
WWEI .07 CENTS CHINESE WIND FARM
About Welwind Energy
ZHANJIANG WIND FARM PROJECT
WEIC formally signed the commitment for a land lease pertaining to the Zhanjiang wind farm. As announced earlier, wind data has already been gathered for this property and build out of the project is now proceeding. The installation of the demonstration turbine is to occur within 90 days and the company being in receipt of concurrent funding.
On Oct. 27, 2006, the company closed on at $600,000 private placement to begin development of the Zhanjiang Wind Farm.
Summary -- The above yearly projection is based on the historical wind speed for the area of Zhanjiang. The figures reflect projected financials on a 49 megawatt install only.
The funds will be used to finance the phase one development activities of Zhanjiang Wind farm which is a five phase development totaling 600 Megawatts.
The company now has crossed the threshold to complete a 50 year Power Purchase Agreement and will have all the tools required to completely finance this first 49 Megawatts of development.
YANGXI WIND FARM PROJECT
In regards to the Yangxi wind farm project, the base is now complete for the installation of the 100 meter meteorological tower. The data collected over the next year will provide the necessary information required to build out the wind farm. The Yangxi wind farm will start as a 49 megawatt project building out to 400 megawatts.
http://www.welwind.com
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Ludlow China Upgrades Welwind Energy International
SAN DIEGO, Feb. 22, 2007 (PRIME NEWSWIRE) -- New York-based Ludlow China Fund upgrades Welwind Energy International Corporation (OTC BB:WWEI.OB - News), a leading developer of renewable wind energy projects in China, to a B- rating.
Gerry Salazar, the Managing Partner of the Ludlow China Fund commented, "Ludlow China is upgrading Welwind Energy to a B- rating as the company moves into the installation and execution phase of their business model. The growing demand for energy in China, let alone clean renewable energy makes Welwind Energy International Corp. an attractive 'speculative' investment within this sector."
http://www.ludlowchina.com/reports/wwei.htm
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WWEI - STOCK CHART
WWEI .07 CENTS CHINESE WIND FARM
About Welwind Energy
ZHANJIANG WIND FARM PROJECT
WEIC formally signed the commitment for a land lease pertaining to the Zhanjiang wind farm. As announced earlier, wind data has already been gathered for this property and build out of the project is now proceeding. The installation of the demonstration turbine is to occur within 90 days and the company being in receipt of concurrent funding.
On Oct. 27, 2006, the company closed on at $600,000 private placement to begin development of the Zhanjiang Wind Farm.
Summary -- The above yearly projection is based on the historical wind speed for the area of Zhanjiang. The figures reflect projected financials on a 49 megawatt install only.
The funds will be used to finance the phase one development activities of Zhanjiang Wind farm which is a five phase development totaling 600 Megawatts.
The company now has crossed the threshold to complete a 50 year Power Purchase Agreement and will have all the tools required to completely finance this first 49 Megawatts of development.
YANGXI WIND FARM PROJECT
In regards to the Yangxi wind farm project, the base is now complete for the installation of the 100 meter meteorological tower. The data collected over the next year will provide the necessary information required to build out the wind farm. The Yangxi wind farm will start as a 49 megawatt project building out to 400 megawatts.
http://www.welwind.com
----------
Ludlow China Upgrades Welwind Energy International
SAN DIEGO, Feb. 22, 2007 (PRIME NEWSWIRE) -- New York-based Ludlow China Fund upgrades Welwind Energy International Corporation (OTC BB:WWEI.OB - News), a leading developer of renewable wind energy projects in China, to a B- rating.
Gerry Salazar, the Managing Partner of the Ludlow China Fund commented, "Ludlow China is upgrading Welwind Energy to a B- rating as the company moves into the installation and execution phase of their business model. The growing demand for energy in China, let alone clean renewable energy makes Welwind Energy International Corp. an attractive 'speculative' investment within this sector."
http://www.ludlowchina.com/reports/wwei.htm
----------
WWEI - STOCK CHART
WWEI .07 CENTS CHINESE WIND FARM
About Welwind Energy
ZHANJIANG WIND FARM PROJECT
WEIC formally signed the commitment for a land lease pertaining to the Zhanjiang wind farm. As announced earlier, wind data has already been gathered for this property and build out of the project is now proceeding. The installation of the demonstration turbine is to occur within 90 days and the company being in receipt of concurrent funding.
On Oct. 27, 2006, the company closed on at $600,000 private placement to begin development of the Zhanjiang Wind Farm.
Summary -- The above yearly projection is based on the historical wind speed for the area of Zhanjiang. The figures reflect projected financials on a 49 megawatt install only.
The funds will be used to finance the phase one development activities of Zhanjiang Wind farm which is a five phase development totaling 600 Megawatts.
The company now has crossed the threshold to complete a 50 year Power Purchase Agreement and will have all the tools required to completely finance this first 49 Megawatts of development.
YANGXI WIND FARM PROJECT
In regards to the Yangxi wind farm project, the base is now complete for the installation of the 100 meter meteorological tower. The data collected over the next year will provide the necessary information required to build out the wind farm. The Yangxi wind farm will start as a 49 megawatt project building out to 400 megawatts.
http://www.welwind.com
----------
Ludlow China Upgrades Welwind Energy International
SAN DIEGO, Feb. 22, 2007 (PRIME NEWSWIRE) -- New York-based Ludlow China Fund upgrades Welwind Energy International Corporation (OTC BB:WWEI.OB - News), a leading developer of renewable wind energy projects in China, to a B- rating.
Gerry Salazar, the Managing Partner of the Ludlow China Fund commented, "Ludlow China is upgrading Welwind Energy to a B- rating as the company moves into the installation and execution phase of their business model. The growing demand for energy in China, let alone clean renewable energy makes Welwind Energy International Corp. an attractive 'speculative' investment within this sector."
http://www.ludlowchina.com/reports/wwei.htm
----------
WWEI - STOCK CHART