SAN DIEGO, Nov. 14, 2006 (PRIMEZONE) -- Ludlow China initiates research coverage on Welwind Energy International Corp. (OTCBB:WWEI) as green renewable energy play for China.
Gerry Salazar, the Managing Partner of the Ludlow China Fund commented, "We are pleased to begin research coverage on Welwind Energy as a gauge for wind energy demand within China. China's growing pollution issues and energy requirements increase the demand for clean renewable energy sources such as wind and solar. We therefore believe Welwind Energy will benefit greatly from the need for clean energy resources in China."
A full version of our research coverage and risk factors on Welwind Energy International (WWEI) can be found at http://www.theasianinvestor.com/reports/wwei.htm
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. http://www.welwind.com
About Ludlow China Small Cap Index
The Ludlow Small Cap Energy Index is a basket of small cap alternative energy stocks. The Index provides both institutional and individual investors a tool for tracking the day-to-day performance of a number of small cap alternative energy stocks in a diversified basket. The index is designed for investors who have a long-term bullish outlook on alternative energy, and may be seeking a diversified portfolio within the sector. The Ludlow Energy SmallCap Index is owned and operated by Ludlow Energy Fund, Inc., based in New York City. www.ludlowcapital.com/indices/
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.