SOURCE: Dakshidin Corporation

January 09, 2008 09:00 ET

Dakshidin to Receive $2 Million Investment From HKS (Wuhu) Environment Energy Development Ltd.

LAS VEGAS, NV--(Marketwire - January 9, 2008) - Dakshidin Corporation (PINKSHEETS: DKSC) (, producers of the world's most powerful water pumping windmill, is pleased to announce that it has entered into an agreement with HKS (Wuhu) Environment Energy Development Ltd. ("HKS Wuhu"), who has agreed to invest $2,000,000 USD into Dakshidin Corporation. In exchange Dakshidin Corporation will provide restricted shares to HKS (Wuhu) on or before March 31st, 2008.

Proceeds from the private placement will be used for general corporate purposes and greatly accelerate Dakshidin's marketing and sales efforts of RESTEC's product line.

"These funds will provide Dakshidin Corporation further financial strength and assist in implementing its next phase," stated Nick Laroche, CEO of Dakshidin Corporation.

HKS (Wuhu) Environment Energy Development Ltd., which consists of a partnership between Dakshidin Corporation, HS (Hong Kong) Management Ltd., and HS Green Products Limited, focuses on the manufacturing and marketing of environmentally friendly products.

Restec's MARK 10 windmill is the cost-effective and environmentally friendly solution for the world's water crisis and Restec's Mark 10 E windmill is the cost-effective and environmentally friendly solution for the world's 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 water pumping Windmill and the Restec Wind Turbine are the renewable, cost-effective and environmentally friendly solutions for the world's water and energy crisis.

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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.

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