Americas Wind Energy (fka AWNE)

[SmallCapXpert]

Americas Wind Energy Corporation Announces Strategic Plans
Americas Wind Energy Corporation Announces Strategic Plans

Americas Wind Energy Corporation (“AWE” or the “Company”) (OTCBB: AWNE) announces the strategic plans of the Company.

As reported earlier, our windturbine business has been sublicensed to EWT- Americas Inc., a wholly owned subsidiary of EWT B.V.

As a result of this transaction, AWE expects to receive in payment a percentage of sales and margin on EWT’s sales to our customer list. This sale amount is capped at 5 years and $28 million.

Instead of just passively waiting for the receipt of funds, the Company’s strategic plan is to explore JV’s, mergers or acquisitions in order to increase shareholder value.

We are currently exploring a merger that looks very exciting. It is in the renewable energy field and would appear to have excellent growth prospects. The material conditions to the completion of any merger will include, among other things, our ability to fund the purchase price and ongoing working capital requirements, the completion of satisfactory due diligence and the receipt of all required approvals.

Confidentiality terms of our discussions with the potential merger partner prevent us from providing further details at this time. Shareholders are cautioned that the fund raising may not be successful and the merger may no go ahead. If it does not, other opportunities will be searched out and explored.

If you would like additional information on AWE, please view AWE’s listing on the OTCBB, symbol AWNE.