SAN DIEGO, Dec. 5, 2007 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") is pleased to announce that the Guangdong Power Grid Corporation has signed a "wind farm grid connection intent agreement" with Welwind after reviewing the Project Feasibility Study Report and The Grid Connection Report. Both reports were independently produced by the Guangdong Electric Power Design Institute.
Officials from Welwind will be leaving for China at the end of this week to finalize and execute the Power Purchase Agreement with the Guangdong Power Grid Corporation.
It is with great pleasure and anticipation that Welwind receives this news and we look forward to the realization of a completed PPA imminently.
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International 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.
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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.