SAN DIEGO, Aug. 29, 2007 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company"), a pioneer in alternative energy in the Asian market, announces today that it will be receiving coverage from Institutional Analyst Inc. (IAI), via its industry specific newsletter, the Solar Stock Review, a newsletter which provides coverage for publicly traded alternative energy companies.
"With our recent announcement of the installation and ongoing testing of our first test turbine in China, we felt this was the opportune time to initiate a relationship with Institutional Analyst Inc., which is one of the leading providers of industry specific investment coverage in the United States," stated Tammy-Lynn McNabb, President and CEO of Welwind.
The publications authored via the "Solar Stock Review" are designed for companies which provide products and/or services to the alternative energy industry. "We now have a firm foundation from which to build our company and commercialize our technology," added McNabb. "Ongoing testing of our ENGGA turbine in Zhanjiang continues to be favorable to date. For just 49 MG we are looking at over 65 turbines for the first phase of Zhanjiang. If we are to use ENGGA turbines for our wind farms moving forward, testing of this first turbine is the most important test of all. Rushing this process is therefore not advisable on any level. We will continue to keep our shareholders informed with updates."
"On the corporate front," she added, "we have hired Adventis Capital to provide strategic consulting and facilitation services. Adventis, which focuses in the area of renewable power including wind, biomass and hydrogen, has considerable relationships in the alternative energy and finance sector -- sources which we may be able to access to finance our future growth. Ongoing work continues with Ludlow Capital and now we have hired Institutional Analyst Inc., which maintains one of the largest databases of sophisticated institutional investors who have an interest in alternative energy. IAI will provide an initial report on our objectives and goals and will additionally provide ongoing coverage detailing our progress over the coming year."
"There is little question in our mind that China represents the single most important wind energy market in the world today and will continue to be for years to come. Likewise, opportunities for companies like Welwind Energy to capitalize upon should continue to present themselves for years to come," stated Mr. Alain Lewand, V.P. with IAI.
"Though publicly traded, Welwind Energy is modestly capitalized and thus presents itself as an opportunity for investors seeking an exciting 'venture capital' type risk-reward situation, which is what initially piqued our interest," he added. "The next 12-24 months should provide investors with an incredibly interesting opportunity, as the company works towards achieving its key objectives. Like many small companies vying for attention from the institutional community, market awareness can be difficult and we are highly confident in our ability to introduce the company to investors, who might not have normally come across the company in their day-to-day search for alternative energy investments and opportunities. We look forward to providing coverage during the coming year."
About the Solar Stock Review:
The Solar Stock Review is part of the Industry Stock Review family of Industry specific newsletters covering the top performing companies within Technology, Biotech, Solar, Entertainment, Automotive and Asian based industries. The Internet Stock Review, its flagship letter which was launched in December of 1998, is one of the oldest investment newsletters specializing in the companies which derive benefits from Internet related technologies.
http://www.solarstockreview.com
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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