SOURCE: Atlantic Wind & Solar Inc.

Atlantic Wind & Solar Inc.

August 05, 2009 08:30 ET

Atlantic Wind and Solar Inc. Establishes East Coast Office in Canada's Windiest Province

MIAMI, FL--(Marketwire - August 5, 2009) - Atlantic Wind and Solar Inc. (PINKSHEETS: AWSL) is pleased to announce the opening of an office in Newfoundland to provide the Company with an immediate presence on the East Coast, where strong prevailing winds represent extraordinary potential for Renewable Energy (RE) exploitation. In keeping with the Company's goal of establishing itself at the forefront of technology-led developments in the Wind Power industry, AWSL sees the opening of this new regional office as a key step forward by expanding its reach into an important geographic market. Our New Office is located at:

974 Topsail Road, P.O. Box 221
Mt. Pearl, Newfoundland
A1N 2Y2

AWSL is actively pursuing RE business opportunities on the East Coast, including advanced discussions regarding a possible joint venture with a long-established Newfoundland based company that specializes in the unique challenge of maintaining high-tech equipment in the highly corrosive Atlantic Seacoast conditions.

Newfoundland's Enormous Wind Resources

Among Canada's provinces and territories, the Province of Newfoundland and Labrador ranks as the windiest region in Canada, making it an obvious focus for harnessing wind power, one of the leading sectors of dynamic Renewable Energy developments. With average daily wind speeds of 21.09 km/hr (13.04 mph) in the winter and 15.31 km/hr (9.51 mph) in the summer, Newfoundland is the envy of most geographical regions around the world where successful harnessing of Wind Power is being accomplished with considerably less wind resources. Accordingly, AWSL management believes the Wind Power opportunities in Newfoundland to be extraordinary.

Since AWSL's June 2009 acquisition of Hybridyne Power Systems Canada, the Company has been actively pursuing a number of exciting RE projects that portend a successful 2009 with the achievement of several corporate milestones. The Hybridyne acquisition, followed by the formal Business Collaboration Agreement with wind turbine experts Centripetal Dynamics Inc. in July, has accelerated the pace at which Atlantic Wind and Solar Inc. is moving forward with its aggressive plans to gain market prominence in the exciting Renewable Energy industry.

About Atlantic Wind and Solar Inc:

Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical renewable energy. The Company is positioned to achieve significant inroads into key sectors of the annual $200 billion renewable energy boom that is accelerating across North America and around the world.

Disclaimer:

Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.

The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Investor Relations Contact:

    Mr. Brent O'Connor
    +1 647 343-2549
    Email: Email Contact