SOURCE: Dakshidin Corporation

November 06, 2007 08:30 ET

Dakshidin Announces China Green Village Joint Venture Agreement

LAS VEGAS, NV--(Marketwire - November 6, 2007) - Dakshidin Corporation (PINKSHEETS: DKSC) ( announced today that it is has entered into a memorandum of understanding JV with Huasheng (Canada) Financial Management Ltd. Under the terms of the agreement, the Company will be a one-third direct investor in one hundred (100) acres of land to develop a sustainable Green Village in the province of Anhui, China. The project will utilize the Restec Mark 10 windmills and the Restec Mark 10E wind turbines of Dakshidin's wholly owned subsidiary, Restec International Inc., to provide water and renewable energy for the pilot project. Dakshidin's investment interest will be in Huasheng (Bengbu) Environmental Energy Development Ltd., the company that will be the parent owner of the assets to be incorporated by way of a joint venture agreement.

"Dakshidin expects this highly visible, planned model eco-city to create a worldwide showcase of our state-of-the-art sustainable energy and resource technologies. We are excited to be working with our Chinese partners and expect this to be a true gateway to enormous strategic partnerships for the Company in China," stated Nick Laroche, President and CEO of Dakshidin Corporation.

The RESTEC Windmill is THE renewable, cost-effective and environmentally friendly solution for the world's water and energy crisis.

About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., produces 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 Windmill is the renewable, cost-effective and environmentally friendly solution for the world's water crisis.

Huasheng (Canada) Financial Management Ltd. is a successful Financial Management business.

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Forward-Looking Statements:

The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor 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.

Contact Information

  • For Investor Relations contact:
    Dakshidin Corporation
    Phone: (647) 477-8440