SOURCE: Dakshidin Corporation

August 08, 2008 16:00 ET

Dakshidin Corporation's Increased Contribution Into HKS (Wuhu) Environmental Energy Development Ltd. Will Boost Productivity and Marketing Potential in the Near Future, Especially in the Fast Growing and Huge Chinese Market

LAS VEGAS, NV--(Marketwire - August 8, 2008) - Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ), producers of the world's most powerful water pumping windmill, with their direct involvement into HKS (Wuhu) Environmental Energy Development Ltd. (HKS (Wuhu)), a foreign equity joint venture company registered in Wuhu of the Anhui Province in China, where Dakshidin recently owns more than 60% of the company's total equity, will have a very positive impact on future productivity and marketing potential.

HKS (Wuhu) has a registered capital of 7.50 million USD and is focused on the production, research and development of a wide range of environmentally friendly products. Such products will satisfy the needs of a wide spectrum of customers: from corporate and institutional clients to governments, developing countries and the private sector.

The core facilities of the company will be constructed on 100 acres of industrial-zoned land located in the city of Wuhu. In the first stage of development, the company plans to construct four manufacturing and storage facilities on a portion of the available land. These four facilities will each manufacture 4 different products respectively: the Water Pumping Windmill, the Electrical Wind Turbine, LED Street Lamps and the Lightning Rejection Device. The production of the water pumping windmill, electrical wind turbine and lightning rejection device will be technically supported by Dakshidin Corporation. At the same time, the company also plans to have a reserve of approximately 25 acres of land which will be known as a "Green Village" area for both products that are produced and stored on site. The concept of Green Village will display and demonstrate the practical uses of all of the products on site by creating a 100% self-sustainable area. Daily essentials such as electricity will be produced directly by the electrical wind turbine. Furthermore, through our water pumping windmill, water will be extracted and purified directly from deep underground wells for immediate usage, and lighting will be provided by the LED Lamps.

Several highly interested municipal and provincial parties have already contacted the company with regards to equipping their city with the new green energy products. It is expected that once the Green Village Showcase area is set to full function, many more potential domestic and foreign buyers will be eager to move forward to utilize our products and adopt the same concept.

As one of the newest and most important market sectors, the sustainable energy sector still has a huge market potential to tap into that have not been developed. While maintaining a true self-sustainable policy within its facilities, HKS (Wuhu) Environmental Energy Development Ltd.'s directive is to become an international green products market leader.

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

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:
    Mr. Brent O'Connor