Dakshidin Corporation Receives Official Invitation to Expand Operations in China
May 07 2009 - 9:30AM
Marketwired
Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ)
(www.dakshidin.com), producer of the world's most powerful water
pumping windmill, is progressively moving forward.
As a result of the ongoing negotiations between Dakshidin and
the Chinese Government, Dakshidin has now been invited by the City
Directors of Economic Development to expand its operations in Liao
Ning Province. This is the first step toward attaining the long
term and mutually beneficial directives that have been discussed in
these talks.
The focus of these negotiations has been to develop wind-farms
to support the existing electricity generating infrastructure by
utilizing the New Generation RESTEC Wind Turbine Technology that is
currently under development, as well as to market the RESTEC Mark
10 water pumping windmill within the Liao Ning region. The
government's interest stems directly from Dakshidin/RESTEC's
patented, cost effective and efficient low wind speed technologies.
Currently, China's water crises are worsening and the electricity
consumption is increasing rapidly as the country's economic and
population growth continues. The need in China for innovative,
alternative energy product developments such as RESTEC's
technologies is extremely vital to fulfill China's energy demand
utilizing a clean, "green" energy source as mandated by their
directives. Currently, Dakshidin is also reviewing the benefits of
establishing a satellite manufacturing facility in this Province so
as to more easily fill the upcoming demand from this area
alone.
Nicholas (Nick) Laroche, CEO of Dakshidin Corporation, stated,
"I am extremely pleased to be able to accept this invitation from
the Directors of Economic Development so that we may start moving
forward. This project will definitely benefit all concerned and it
is just the beginning of our working together."
The company is looking forward to making further announcements
about this project as it progresses.
About us: Dakshidin Corporation, through its wholly owned
subsidiary, RESTEC International Inc., are producers of the world's
most powerful pumping windmill. Throughout the world, especially in
developing countries, there is a dire need for water to fulfill
basic human self-sufficiency demands. In most cases, the problem is
not the lack of available water, but the cost and reliability of
obtaining it. The RESTEC water-pumping Windmill is a renewable,
cost-effective and environmentally friendly solution for the
world's water crisis.
Forward-Looking Statements: The information in this press
release includes certain "forward-looking" statements within the
meaning of the Safe Harbour provisions of Federal Securities Laws.
Investors are cautioned that such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties, including
the future financial performance of the Company. Although the
Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements
will prove to be correct. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date of this release, and the Company undertakes no obligation
to update publicly any forward-looking statements to reflect new
information, events, or circumstances after the date of this
release except as required by law.
For Investor Relations Contact: Steve Bauer ir@dakshidin.com
1-888-250-6601
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