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Thursday, 01/29/2004 12:40:59 PM

Thursday, January 29, 2004 12:40:59 PM

Post# of 44
New PR defines business model ect.
This gives us a little clearer picture but not much. Two board members and Alvin Snaper with no employes. Kind of subcontracting out the work. Does sound good though that they have late stage????work on propless wind generator and other ideas they have do sound interesting. Anyway here it is.
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Capstone International Corporation Announces Growth Plans for 2004
1/29/2004 6:00:00 AM









FOX ISLAND, Wash., Jan 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- Capstone International Corporation (OTB Bulletin Board: CSNI) (formerly CITC-CILC) CEO and Chairman of the Board, Kevin M. Murphy has provided the following open letter to all shareholders and the investment community outlining the Company's business and plans.







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Shareholders and Friends,

Capstone International Corporation (www.windwindwind.com) is your Green Power company and has in development stage, 3 principal projects: a Propless Wind Power Generator, PWPG, under development with the world recognized Mr. Alvin Snaper (http://windwindwind.com/snaper.htm ), the head of our Advisory Board and his team at Impactive Technology; the Green Oasis, our portable power generation, storage, water purification and satellite communication unit; and our biomass waste energy project in drawing board concept stage. In early January of 2004 we acquired First National Power Corporation to effectuate our entrance into the international market for energy conservation and savings, both in remunerative and ecological resources. These projects reflect the expansion of management's commitment to a world clean environment and the demand for a clean affordable and renewable energy source. We will soon be announcing other strategic alliances.

The International Market for Clean Renewable Energy

For many Americans, compact wind turbine technology offers the best near term hope of generating their own electricity from clean sustainable renewable resources. Millions of Homeowners, Farmers, Apartment and Small Business owners dream of the day they have the freedom to choose how their electricity is produced and what environmental impacts their consumption generates. Americans want freedom of choice, but over 2 BILLION people around the world have no access to electrical power as you read this. Americans want power at a price they can afford, the Third World just wants the availability to electrical power. EWEA (European Wind Power Association) chief executive Corin Millais stated, "This is just the tip of the iceberg; the global wind power market could be worth euro 25 billion a year by 2010. Wind power currently meets 2% of total European electricity demand. That share will increase rapidly as the technology continues to develop, costs continue to fall, and the need to secure and diversify energy supply becomes increasingly evident to decision makers."

Over 15 million American homes and 1 million small businesses could effectively use small wind systems if the economics were favorable. We believe they can be with products we have under development. Targeting these markets, Capstone International / First National Power will be combining sophisticated advancements in Propless Wind Power Generation, energy storage and support applications not currently being utilized in the electrical power generation industry. Capstone's goal is to build a Power Company with capabilities to provide proprietary-generating stations located on individual buildings and Portable units for rural and emergency services with applications for Third World development. (http://www.greenenergypower.com ) The International Market for Clean Renewable Energy is a voracious Lion and Capstone International / First National Power is committed satisfy its needs.

Green Energy Power Generation, Green Oasis (TM) and "Project Biomass"

The Green Energy Power Generation (GEPG) business unit is designed to implement cutting edge technology not formerly utilized in the electrical power generation industry. The goal is to build a Power company with proprietary generating stations located on customers' buildings. The continuing failure of international power grids endorses the need for the technology being developed by Capstone. Capstones plan calls for individualized power generation units to support small industry and high-rise commercial and residential complexes. During local and regional power failures, Capstone powered buildings will shine as a beacon of hope for green power. http://members.rogers.com/capstone/ ).

The Green Oasis (TM) is just what it sounds like, an Oasis of services providing direct and stored Green energy, water purification capabilities, internet and telephony by a mobile units designed to go anywhere on a temporary or permanent basis, to become the Local Utility, to support or become the principal source of survival in times of disaster. Each unit will be pre-designed on an individualized basis in a modular format to custom fit the environment in which it will be deployed to allow for maximum utilization. They will also carry pre-charged portable satellite battery modules that will allow individuals to transport power to specific areas on an "as need" basis to support temporary usage in emergencies. The Green Oasis(TM) and its power satellite units will hit the ground running as they are deployed fully charged and " Ready to Go."

The "Project Biomass" is our newest development stage project and is in drawing board form only at present.

Wind is the world's fastest-growing energy source ... .

Cumulative global wind energy generating capacity topped 31,000 megawatts (MW) in 2002 and has continued to rise. Some 6,868 MW of new capacity were installed worldwide during 2002, an increase of 28%, according to preliminary estimates by the American Wind Energy Association and the European Wind Energy Association. Wind plants now power the equivalent of 7.5 million average American homes (16 million average European homes) worldwide. Global wind power generating capacity has quadrupled over the past five years, growing from 7,600 MW at the end of 1997 to an estimated 31,128 MW at the end of 2002 -- an increase of over 23,000 MW. Wind is the world's fastest-growing energy source on a percentage basis, with installed generating capacity increasing by an average 32% annually for the last five years (1998-2002). The slightly slower rate of 28% in 2002 was primarily due to a lull in the U.S. market and is rebounding with the improved economy.

"Wind energy grew by 10% in the United States in 2002, a good performance given the poor state of the U.S. energy market and the stop-and-go-and-stop-again policy signals directed at our industry," said AWEA executive director Randall Swisher. "With steady supportive policies, wind power could grow at a sustained pace closer to that of Europe, and provide well over 6% of U.S. electricity by 2020."

Organizational Structure

Capstone is a "Virtual Management" model corporation. The Company has no employees and Management works under consulting contracts optimizing cash flow and efficiencies. The current Board is made up on two individuals who also act as the Officers of the company. All other services are supplied on an "as need" basis by professionals in their individual fields. The Company also has an Advisory Board, Chaired by Alvin Snaper.

Growth, Revenue & Financial Plans

The Company is currently exploring the options for additional financing needed for operating expenses, marketing, and the acquisition of additional synergistic technology. The Company's first priority is to complete our proprietary product development, establish brand awareness, and to launch effective marketing efforts for its product. The Company shall also actively pursue partnerships with other Green Energy developers, leveraging its technology, intellectual properties, and position in the industry to quickly focus international attention on its position as a world leader. The Company has identified potential acquisitions and will aggressively pursue this venue as a strategic growth strategy. Capstone International / First National Power is growth-focused on a corporate strategy of Build, Buy or Partner with premier industry individuals and company's with visionary management.

For more information about Capstone International Corp / First National Power Corporation, including a Business Summary, please access our new Website www.FirstNationalPower.com/Capstone for a download of this document.

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

SOURCE Capstone International Corporation

Kevin M. Murphy of Wannigan Capital Corp., +1-253-549-4336, or
info@wannigancapital.com, for Capstone International Corporation


http://www.greenenergypower.com
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Regards The Hotdog