UPRC - UniPrime Capital Acceptance, Inc. (fka UPRC)

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UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)

UniPrime and Wind Energy: A Viable Alternative to Natural Gas and Other Fuel Supplies

APACHE JUNCTION, Ariz., Oct 19, 2001 (BUSINESS WIRE) -- UniPrime Capital Corporation's management (NQB:UPRC) today made the following statement:
The outlook for wind energy has never been better because of the technology's economic competitiveness, growing demand for electricity, and effective renewable energy policies adopted in several markets. Market growth in 2001 is likely to exceed 50% in the United States, setting a new record and pushing worldwide installed capacity past the 20,000 megawatt (MW) mark in the course of the year.

In 2000 approximately 2,500 megawatts of wind power was generated from installed capacity in the United States. California was the first U.S. state in which large wind farms were developed, in the early 1980s, and currently accounts for approximately 1500 megawatts of this output.

There are 18 wind energy projects currently under proposal or development in California, representing an additional 500 megawatts. Electricity from some of the new U.S. projects has been contracted at less than 3 cents per KWH (KiloWatt-Hour) -- establishing wind energy as a power source that is now more affordable than natural gas.

The cost of electricity from natural gas reached 15 cents to 20 cents per kilowatt-hour last winter in California. During the year 2000, 3,800 MW of new wind energy generating capacity were installed worldwide, representing annual sales of $4 billion and boosting total installed capacity to about 17,300 MW. In 1999, a record-breaking total of 3,900 MW of new wind energy generating capacity were installed globally. About 2,500 MW came online in 1998.

If state policies similar to that of Texas are adopted by other states, or at the federal level in the United States, wind energy is likely to thrive, and provide growing economies worldwide with a clean source of electricity, high-tech jobs, and insurance against price spikes and shortages in natural gas and other fuel supplies.

CONTACT: UniPrime Capital Corporation
Randy Russo, 480/898-4285

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