NACEL Energy Purchases Stake in Crownbutte Wind Power
26 Janeiro 2011 - 10:35AM
Marketwired
NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) ("NACEL" or
the "Company") today announced it has executed an agreement and
acquired two substantial share blocks of Crownbutte Wind Power,
Inc. (OTCBB: CBWP) ("Crownbutte") of Mandan, ND. As a consequence
of closing the agreement, NACEL is now the largest shareholder of
Crownbutte.
Crownbutte was established in 1999 and installed the first
utility-scale wind power facility in the Dakotas at Chamberlain,
South Dakota. Crownbutte later sold this wind park to one of the
largest power cooperatives in the United States. Crownbutte
currently has a pipeline of wind projects in various phases of
development throughout the Dakotas and Montana.
Further information concerning NACEL's Crownbutte transaction
will be provided to shareholders and interested investors over the
coming weeks.
About NACEL Energy Corporation (OTCBB:
NCEN)
NACEL Energy is one of the first publicly traded companies in
America exclusively developing clean, renewable, utility scale wind
energy. The Company currently anticipates generating an aggregate
130 megawatts of new wind power upon the commissioning of its
Snowflake project in Arizona, in addition to Leila Lake, Hedley
Pointe, Swisher, Channing Flats and Blue Creek, all located in the
Texas Panhandle. NACEL Energy was founded in 2006 and successfully
completed its IPO in December of 2007.
NACEL Energy The WIND POWER COMPANY™
Notice regarding Forward-Looking Statements
Statements in this press release relating to NACEL Energy's
plans, strategies, economic performance and trends, projections of
results of specific activities, and other statements that are not
descriptions or historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number
of factors, which include, but are not limited to, risk factors
inherent in NACEL Energy's business. Forward-looking statements may
be identified by words such as "should," "may," "will,"
"anticipate," "expect," "estimate," "intend" or "continue," or
comparable words or phrases. Interested persons are encouraged to
read NACEL Energy's Securities and Exchange Commission filings,
particularly its Annual Report on Form 10-K for the fiscal year
ended March 31, 2010 and its Quarterly Report on Form 10-Q for the
quarter ended December 31, 2010, for meaningful cautionary language
disclosing why actual results may vary materially from those
anticipated by management.
Contact: NACEL Energy & Crownbutte Wind Power Investor
Relations 1-888-242-5848
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