SAN DIEGO, Nov. 8, 2006 (PRIMEZONE) -- Welwind Energy International Corp. (OTCBB:WWEI) announced that the company has been added as a component of the Ludlow China SmallCap Index.
Gerry Salazar, the Managing Partner of the Ludlow China Index, commented, "The Ludlow China SmallCap Index is pleased to have Welwind Energy International as a new component to our small cap Chinese index, which should provide the investors with a good gauge of alternative wind energy demand in China."
"Our efforts to gain as much exposure as possible for Welwind will be met by listing with the Ludlow SmallCap Index. We have every confidence in the direction that the company is taking and believe that the Ludlow Small Cap Index will provide a great vehicle to further expose WWEI to the public marketplace," says Tammy McNabb, President of Welwind.
For more information on the Ludlow China SmallCap Index and components visit http://www.ludlowcapital.com/indices/china/historic/smallcap.html
About Ludlow China SmallCap Index
The Ludlow SmallCap China Index is a basket of some of the top U.S. traded OTC and small cap Chinese stocks. The Index provides institutional and individual investors a gauge for tracking the day to day performance of small cap Chinese stocks in a diversified basket. The index is designed for investors who have a long-term bullish outlook on China's emerging market. The Ludlow China SmallCap Index is owned and operated by Ludlow China Fund, Inc., based in New York City. www.ludlowcapital.com/indices/
About Welwind Energy International
The Company views wind power as becoming one of the most efficient power sources globally. WWEI was founded in 2005 to build, own and operate wind farms on an international scale. Its current projects include bridging the North America-China link by building wind farms in China along the South China Sea. www.welwind.com
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.