SOURCE: Dakshidin Corporation

November 05, 2007 08:41 ET

Dakshidin Corporation Appoints Energy Renewables Expert, Richard Sutz, as Chairman of Restec International Subsidiary

LAS VEGAS, NV--(Marketwire - November 5, 2007) - Dakshidin Corporation (PINKSHEETS: DKSC) (www.dakshidin.com) and its wholly owned subsidiary, Restec International Inc. announced today that Mr. Richard Sutz has accepted the role of chairman for Restec International Inc.

Mr. Sutz brings more than 30 years of experience in R & D and manufacture of renewable energy technologies. He is an internationally acknowledged expert in the development of low wind speed machines for water pumping, water purification and electrical generation. Mr. Sutz's background and experience span executive roles in both the private and public sector. He began his business career as Director for Europe and the Middle East for Grumman Aircraft where he was responsible for marketing military and civilian aircraft. In the late 1970's he was appointed the Deputy Director of the Arizona Energy Office, with joint responsibility for Arizona Energy Conservation Programs. He later joined the joined the U.S. Department of Energy as Director of the Energy Related Inventions. Sutz brings a multitude of relationships in the alternative and renewable energy communities, which is a tremendous asset to the Company.

The Mark 10 High Performance Water Pumping windmill, founded and developed by Mr. Sutz, is the result of more than $5 million of R&D. The Mark 10 pumps more water, at any wind speed, from any depth to water, at a lower cost than any other windmill in the world.

"Richard Sutz brings expertise, imagination, and the ability to generate both technology and revenue to our Company. We are pleased to have Richard Sutz on the Board; his experience and knowledge are a great asset to us," 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 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.

For more information please visit www.dakshidin.com CONTACT: ir@dakshidin.com

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
    ir@dakshidin.com
    Phone: (647) 477-8440