Mass Megawatts Wind Power, Inc. Reports for Third Fiscal Quarter Ended January 31, 2010
12 Março 2010 - 11:40AM
PR Newswire (US)
WORCESTER, Mass., March 12 /PRNewswire-FirstCall/ -- Mass Megawatts
Wind Power, Inc. (BULLETIN BOARD: MMGW) reports a net loss of one
cent per share or $96,935 in the third quarter ending January 31,
2010. In the same period last year , Mass Megawatts reported a net
loss of three cents per share or $147,865 for the same quarter
ending January 31, 2009. The Mass Megawatts wind power plant also
known as the Multiaxis Turbosystem has recently constructed an
improved augmenter in the past year. The newest version of the
augmenter is an improvement of methods to increase wind velocity.
An augmenter increases the harnessed wind velocity in order to
increase the power output. The new augmenter technology reduces the
cost for heavy and expensive components being required by earlier
versions of an augmenter. Additionally, Mass Megawatts has
continued to focus on other technologies related to its Furling
System and Controller. This press release contains forward-looking
statements that could be affected by risks and uncertainties,
including but not limited to Mass Megawatts Wind Power, Inc.'s
ability to produce a cost-effective wind energy conversion device.
Among the factors that could cause actual events to differ
materially from those indicated herein are: the failure of Mass
Megawatts Wind Power, Inc. to achieve or maintain necessary zoning
approvals with respect to the location of its power developments;
the ability to remain competitive; to finance the marketing and
sales of its electricity; general economic conditions; and other
risk factors detailed in periodic reports filed by Mass Megawatts
Wind Power, Inc. http://www.massmegawatts.com/ DATASOURCE: Mass
Megawatts Wind Power, Inc. CONTACT: Jon Ricker of Mass Megawatts
Wind Power, Inc., +1-508-751-5432,JonRicker@massmegawatts.com Web
Site: http://www.massmegawatts.com/
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