Hello All,
Our latest alert
WWEI came out with more news today.
WWEI had news yesterday and it ran 114% in just a few hours!!
Congratulations to those that already booked your profits. I got a
lot of happy emails yesterday.
WWEI settled back at the end of the day yesterday which may present
a great entry point to reload for today.
Lets get ready to book more profits with
WWEI today.
As always, use stop loss orders and always book your profits when
in a position to do so.
Here is the news along with a link so you can check it out.
Good Trading,
The Crew
Welwind Energy Receives Formal Documentation for Zhanjiang Windfarm
Project From Zhanjiang Government
http://finance.yahoo.com/news/Welwind-Energy-Receives-pz-441759221.htmlx=0&.v=1
Press Release Source: Welwind Energy International Corporation On
Friday July 16, 2010, 8:00 am
ZHANJIANG, July 16, 2010 (GLOBE NEWSWIRE) -- Welwind Energy
International Corp. (OTCBB:
WWEI - News) (the "Company") announces
that in a recent trip to China, headed by Larry McNabb -- President
of Welwind Energy, several meetings were held with the new Mayor
and dignitaries of Zhanjiang Province. The purpose of the meeting
was to familiarize the new Mayor with the Company and its history
in efforts made by Welwind to obtain a PPA for its Zhanjiang
Project. Mr. McNabb recently obtained officially translated
documents from the Company`s Zhanjiang office. One of the
translated documents is the `Approval Form of the General Office of
the People`s Government of Zhanjiang Municipality.`
The formal document is in reference to the relocation plan for the
Company`s Zhanjiang Windfarm. The document states, "...it is
suggested (by the Urban Development and Reform Administration) to
move the wind power project to Nansan Island of Potou District of
Zhanjiang City..." The comments include, "all parties agree to the
opinion of the Urban Development and Reform Administration."
Government officials who signed the relocation approval include
Zhanjiang`s new Government Mayor (Mr. Ruan Ri Sheng), the Chief of
Comprehensive Branch (Mr. Huang Qiang), Zhanjiang Government
Vice-Mayor in Charge of Industry, (Mr. Wang Zhong Bing), Chief
Secretary of Zhanjiang City Government (Mr. Zhu Lu), Zhanjiang
Government Secretary-General (Mr. Li Lian), and Vice of Chief of
Development and Reform Bureau, (Mr. Liao Guo Shu). In the meeting
with Mr. Sheng, Government Mayor of Zhanjiang, he expressed great
concern on behalf of Welwind for the significant delays the company
has experienced and intimated that he will do everything possible
in order to expedite Welwind`s relocation and PPA process. Mr.
McNabb reiterated the great sufferings the company has experienced
as a result of the extensive delays in working with the Zhanjiang
Government and expects that Welwind be a priority as a foreign
company wishing to do business in China. It was acknowledged by all
Government officials involved, that Welwind met every criteria
required in the PPA process and due to the relocation request,
Welwind should therefore be fast tracked in receiving a PPA for the
new windfarm location.
Welwind Directors, Mr. Zeng and Mr. Feng have worked very hard over
the last several months with the new Zhanjiang Government in
updating all of their files on the company`s project. Our new
Director, Mr. Simon Wong, has been responsible for working with
various finance groups in Hong Kong and will be providing
documentation to the Zhanjiang Government to confirm financial
security in moving forward. The financing will be debt or equity
based and will not impact the shares outstanding. We anticipate a
closing on the financing imminently.
"This is a great day for the Company and the shareholders of
Welwind Energy. We feel that the company is back on track and ready
to move forward in building out our business model. As challenging
as the last few years have been in working on the Zhanjiang
windfarm, our confidence has been restored after meeting with the
Government Mayor," says Larry McNabb, President of Welwind Energy.
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.
The Welwind Energy International Corporation logo is available at:
http://www.primenewswire.com/newsroom/prs/pkgid27
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