NEW YORK, May 30, 2006 (PRIMEZONE) -- Vitasti, Inc. (OTCBB:VITS) (the "Company") is pleased to announce that its current acquisition, Welwind Energy International, has completed a land lease agreement for the build out of a wind farm in Zhanjiang, China.
"The land lease was issued to Welwind on May 19, 2006 by the City's Oceans and Fishery Department permitting the company to build wind energy facilities on the south beach of China," says Vitasti Director, Shannon de Delley.
Welwind plans to build fifty (50) megawatts in the first phase of a six hundred (600) megawatt wind farm on this property. Construction will begin with the arrival of one demonstration wind turbine which will produce enough electricity to power more than one thousand (1000) homes.
This is a groundbreaking opportunity to build the first wind farm in Zhanjiang. The company looks forward to assuring the community that farming activities can continue uninterrupted while Welwind installs the city's first wind turbine.
Construction on the first 50 megawatt project is scheduled to commence in August 2006.
Zhanjiang has a population of over seven million people and plays an important role in the province's foreign trade. It has the longest coast line in South China, which is over 1500 kilometers long. Zhanjiang boasts one of the ten largest ports in China and governs the main passageway to the South China Sea. Tens of thousands of ships conduct business via this waterway every month.
As part of our commitment to developing wind farms in China, Welwind is also conducting wind exploration on other sites with the intention to build over one thousand megawatts of wind-generated electricity.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.