SAN DIEGO, July 10, 2007 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company"), a pioneer in alternative energy in the Asian market, announces that the Zhanjiang turbine, which is connected to the grid, has completed its commissioning stage. The turbine manufacturer, ENGGA, is now assessing and analyzing test data from the turbine. The company is waiting for its permit from the local government in order to complete the PPA negotiations.
The company further announces that Adventis Capital Inc. has been retained to provide facilitation and consulting services for advancing the Company's business plan with strategic and financial partners.
Adventis Capital Inc. provides strategic consulting and facilitation services for achieving key growth objectives. Established in 2004, business consulting services focus in the areas of renewable power including wind, biomass and hydrogen.
"With the erection of the company's first turbine we are now in a position to seriously entertain various groups who are interested in investing in our company to further advance our projects," says Tammy McNabb, President of Welwind Energy. "Adventis has relationships in the alternative energy and finance sector that have been pre-qualified for their ability to further our business model," she adds.
ABOUT WELWIND
Welwind is committed to providing the best resource option available for renewable energy. Welwind was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
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.
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