NWND Expands with Acquisition of Biodiesel Plant
Press Release
Source: National Wind Solutions, Inc.
On Thursday August 6, 2009, 10:16 am EDT
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HOUSTON--(BUSINESS WIRE)--National Wind Solutions, Inc. (PinkSheets:NWND - News) announced today the acquisition of a biodiesel plant in Atascosa County, Texas for $3 million dollars. This plant successfully produced biodiesel for commercial transportation uses before being mothballed due to high soybean oil prices.
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{"s" : "nwnd.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} NWND expects to modernize the plant to reduce processing costs and to retrofit the plant to process less expensive feed stocks such as algae and Jatropha. Currently, nearly 70% of oil used in the United States is imported. Congress indicated strong support for the development of renewable, green fuels in America.
Biodiesel can be produced from non-food plants such as algae and Jatropha. It is important to efficient alternative fuels production to build on low-cost, renewable sources of raw material that can be grown close to the processing plant. Older plants using soybean oil proved sensitive to commodity price spikes as prices for food stuffs increased.
NWND will seek to expand operations into other states by building on this initial technology platform in months ahead.
About National Wind Solutions, Inc.
National Wind Solutions is based in Houston, Texas. It develops wind resources and, through its wholly-owned subsidiary, Zero Emissions Fuel Cell, Inc., it is developing additional clean energy technologies. It is focused on delivering alternative energy solutions nationwide in partnership with investors and entrepreneurs who see the vision for an energy self-sufficient America. Alternative energy is rapidly becoming a significant source of electricity in America and NWND expects to see its growth increase as people realize the efficiency of these green energy sources. National Wind Solutions’ common stock is traded under the symbol NWND.
For more information, visit www.nationalwindsolutions.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
National Wind Solutions, Inc.Kathleen Delaney, 832-778-4450
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