SOURCE: Crosswind Renewable Energy Corp.

November 09, 2010 16:00 ET

Crosswind Renewable Energy Enters into Licensing Agreement with Green Energy Products Bahamas, Ltd.

NAPLES, FL--(Marketwire - November 9, 2010) -  Crosswind Renewable Energy (PINKSHEETS: CWNR) (PINKSHEETS: CWNRD), a Clean Energy Solutions company and global provider of category leading Renewable Energy Technology, announced today that it has entered into a sales and marketing licensing agreement with Green Energy Products Bahamas, Ltd. ("GEPB") of Nassau, The Bahamas. Under the terms of the agreement, GEPB will provide sales, marketing and licensing services for the entire line of Crosswind distributed products on a non-exclusive basis in the Bahamas, Mexico, Dominican Republic and Puerto Rico for an initial term of three years.

This joint venture agreement will add substantial distribution capacity for Crosswind's line of clean energy technology distributed products and provide installation, warranty and service capabilities throughout the Caribbean region. 

Green Energy Products Bahamas is a reseller of clean energy technology. The Company works closely with government officials and development partners to provide solutions for renewable energy production, energy efficiency and conservation.

"Having GEPB headquartered in the Bahamas will afford us an opportunity that most distributors do not have. The Bahamas location will allow us to service the entire Caribbean region from within, reducing costs and expanding our distribution network," said Michael Lynch, CEO of Crosswind Renewable Energy.

About Green Energy Products Bahamas, Ltd.
With headquarters in The Bahamas, Green Energy Products Bahamas, Ltd. (GEPB) is a licensed reseller of clean energy solutions and green building materials. GEPB has partnered with Crosswind Renewable Energy, Inc. to provide category leading renewable energy technologies including wind, solar, and lighting solutions that will reduce utility costs and reduce our overwhelming dependence on fossil fuels.

Through GEPB's licensed electricians and contractors, the Company has the ability to deliver its clean energy solutions throughout the Caribbean region to keep its commitment to a better environment.

About Crosswind Renewable Energy
Headquartered in Naples, Florida, Crosswind Renewable Energy is a Clean Energy Solutions Company and a Global Provider of category leading Renewable Energy Technology. Crosswind focuses on evolving renewable technologies, LED saving solutions, and the delivery and installation of the highest quality and most reliable clean technologies which harvest local sustainable natural energy resources from the wind, sun and water. This Eco‐Environmental Energy Provider is dedicated to helping private businesses, public enterprises, government agencies, educational institutions and residential communities throughout the world to achieve a better standard of green living.

Crosswind is strategically positioned as a premier provider of clean energy solutions due to its global network reach and its exclusive commitments with industry leading companies. We serve as better stewards of the environment and the communities we serve with our leading renewable energy technologies and our significant, reliable, cost effective and widely distributed network. The company drives initiatives from a wide range of Renewable Energy Solutions that range from the sale, warranty, installation and monitoring services of high performance WePOWER Vertical Axis Wind Turbines, Skystream Commercial Lighting Systems, Cutting Edge LED Saving Solutions, Windvertiser™ Eco-Friendly Outdoor Advertising, Power Energy Control Management, Monitoring Systems and Solar Thermal Systems.

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Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Crosswind Renewable Energy common stock and the ability to obtain the necessary financing.

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