SAN DIEGO, July 8, 2008 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (the "Company") (OTCBB:WWEI) announces company officials will be going to the Peace River site early next week to complete a survey and begin the process of installing two met towers.
Welwind is very pleased to announce that services of one of Canada's Premier tower installation companies, Metlogics Consulting Inc., have been secured to install meteorological towers in the Peace River Region. "We are excited to be a part of the installation of meteorological towers in this area for Welwind. From our extensive experience we have determined this to be one of the most exciting areas for wind exploration in Western Canada," says Corey Landon, owner of Metlogics.
Within 11 km of Welwind's proposed project site, another wind company has received a 20-year fixed price PPA with BC Hydro for a 144 MW wind farm project. This is monumental for Welwind as the market is now clearly established in the Peace Region Area.
Zhanjiang update -- Next week, company officials will be going to Zhanjiang to approve the layout of Phase I of the wind farm in order to start construction of the trunk roads, foundations and collector system. The project will require the installation of more met towers to accommodate the expansion of the project beyond 49 MW. Welwind officials will be meeting with Government officials to finalize the PPA next week.
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.