NEW YORK, Dec. 22, 2011 /PRNewswire/ -- 3Power Energy
Group Inc. ("3Power" and "the Company") (OTCBB: PSPW) (Frankfurt:
PSD) is pleased to announce that the company to open soon an
investment Middle East branch in United Arab Emirates at Ras Al Khaima. The new
branch will be 100% owned by 3Power and will be dedicated for the
acquisition, fund raising and financing of the company projects and
operation. The company has made big progress on the project's
pipeline development and acquisition including grid connected and
revenue generating projects which will be communicated to the
market in due course. The move comes in preparation for arranging
funds which the company will need to finance its equity in these
projects. Funds will be raised within selected investors connected
to the company directors and share holders.
Forward Looking Statements
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
with respect to 3Power, its business and prospective development
plans. These forward-looking statements can be identified by the
use of terminology such as "subject to," "believe," "expects,"
"plan," "project," "estimate," "intend," "may," "will," "should,"
"can," or "anticipates," or the negative thereof, or variations
thereon, or comparable terminology, or by discussions of
strategy. Although all of the forward-looking statements set
forth in this press release are believed to be reasonable, actual
results may differ materially from those expressed in
forward-looking statements as a result of factors outside of the
control of 3Power. 3Power cannot provide assurances that any
prospective matters described in the press release will
successfully close or otherwise be completed or that 3Power will
realize the anticipated benefits of any such transactions.
Important factors that may cause actual results to differ
materially from those expressed in the forward-looking statements
are discussed in 3Power's Securities and Exchange Commission
filings. Readers are cautioned not to place undue reliance on
forward-looking statements. 3Power does not undertake and
specifically disclaims any obligation to update, republish or
revise forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrences
of unanticipated events. All forward-looking statements should
be regarded solely as 3Power's current plans, estimates and
beliefs.
SOURCE 3Power Energy Group Inc.