Good News for USWF...
U.S. Wind Farming, Inc. Signs New Working Capital and Project Financing Agreement with Ashlin Capital, LLC
12/1/2004 6:00:00 AM
U.S. Wind Farming, Inc. has entered into an agreement with Ashlin Capital, LLC ( www.ashlincapital.com) for operations and project financing
CHICAGO, Dec 1, 2004 (BUSINESS WIRE) -- U.S. Wind Farming, Inc. (Pink Sheets:USWF), "America's Only Publicly Traded Wind Energy Company," ( www.uswindfarming.com) has entered into an agreement with Ashlin Capital, LLC ("Ashlin") for long-term working capital and project financing.
"We were already receiving working capital from Ashlin, so this new agreement is really an expansion and ratification of that fait accompli which will allow us to fuel the global project schedule of USWF," said William Telander, USWF's CEO. "We completed negotiations and signed agreements for numerous projects at home around the world over the last several months, but we were hampered by working capital and project financing constraints. This agreement with Ashlin has already begun providing USWF with the financing that it needs to make a very serious impact on the global renewable energy market," he said.
"Ashlin is pleased to be working with USWF in effecting their planned project schedule in the U.S. and internationally," said Eric Rosen, Ashlin's managing director. "This is a major priority project for us. Our CEO delivered the very first statement in the First Meeting of the International Negotiating Committee for a Framework Convention on Climate Change in Washington, D.C. in 1991, and was Chairman of the Latin American Group of countries at the 1992 Rio Conference which led to the Kyoto Protocol and the current urgency by many countries to reduce the burning of oil and coal in favor of alternate energy sources such as wind and hydrogen," said he.
A global finance company, Ashlin is currently working with U.S. Government agencies, such as the Overseas Private Investment Corporation, in financing international projects.
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