SOURCE: Crosswind Renewable Energy Corp.

October 06, 2010 09:43 ET

Crosswind Renewable Energy Signs Exclusive Agreement With GREENandSAVE's LED Savings Solutions to Provide Unprecedented Energy Reduction and Cost Saving Products

NAPLES, FL--(Marketwire - October 6, 2010) -  Crosswind Renewable Energy (PINKSHEETS: CWNR), a Clean Energy Solutions Company and Global Provider of Category Leading Renewable Energy Technology announced today it had entered into a multi-year Strategic Partnership with LED Savings Solutions Inc, a wholly owned subsidiary of GREENandSAVE, a company with a legacy of 20 years in the "Green" energy savings market.

This Partnership will enable Crosswind Renewable Energy to exclusively market LED's Cutting Edge Technology to the Caribbean Region, Puerto Rico, Central America, Panama, Mexico and South America. In addition, Crosswind Renewable Energy has the non-exclusive rights with prior approval of GREENandSAVE to provide LED Savings Solutions to their clients throughout Crosswind Renewable Energy's dedicated network outside of the Exclusive Territory.

"The opportunity to join forces with a company that has served as a steward of the environment for the past twenty years coupled with Crosswind Renewable Energy's approach to providing Clean Energy Solutions for our clients makes this an excellent fit for our multi-solution platform," said Michael Lynch, CEO of Crosswind Renewable Energy.

About LED Savings Solutions 
LED Savings Solutions is a national energy reduction company that saves tens of thousands of dollars each month for their clients, with cash flow positive results the very first month. We have recently established some ground breaking international production and potential financing relationships that reduce up-front cost to $0 for property owners. Our best-of- breed approach is simply based on matching the most cost-effective next generation lighting products with the needs of our clients.

Our parent company GREENandSAVE, LLC was the first to offer comprehensive Return on Investment (ROI) rankings and Take Action recommendations on multiple ways to 'Go Green' and save money for both residential and commercial energy initiatives. The four years of research starting in 2003 culminated with the groundbreaking outline offering to the public in 2007. The lighting division, LED Savings Solutions, has clients that come from a diverse range of industries including: Commercial, Retail, Education, Industrial, Hospitality, and Health Care. The scope of the engagements range from several thousand square foot properties to over a million square feet. When it comes to performance results, the proof is in the cost reduction.

About Crosswind Renewable Energy
Headquartered in Naples, Florida Crosswind Renewable Energy (CRE) is a Clean Energy Solutions Company and a Global Provider of Category Leading Renewable Energy Technology. CRE focuses on evolving renewable technologies, LED savings 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.

CRE is strategically positioned as a premier provider of clean energy solutions due to its global network reach and its extensive 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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