3Power Energy Group Inc (PSPW)

[tiso_us]

According to what i'm reading...

a "term Sheet" is the same as an "LOI"...

http://en.wikipedia.org/wiki/Term_sheet

The Company entered into a term sheet with Seawind International Ltd., (“Seawind International” and together with the Company, the “Parties”). The Parties have subsequently agreed that the Company will first acquire an affiliate, Seawind Energy Limited, and thereafter plan to acquire Seawind International (such transactions are referred to herein as the “Acquisitions” and the entities are collectively referred to as the “Seawind Companies”).

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66715504

So, All we have to do is wait and see if Seawind International becomes a part of the team if not done so already.