SOURCE: Crownbutte Wind Power

February 14, 2011 07:40 ET

CROWNBUTTE Wind Power Announces Board Appointments and New Chief Executive Officer

MANDAN, ND--(Marketwire - February 14, 2011) - CROWNBUTTE Wind Power Inc. (OTCBB: CBWP) ("CROWNBUTTE") today announced it has appointed Mark Schaftlein and Murray Fleming to its Board of Directors. In addition, Mark Schaftlein has been appointed as Chief Executive Officer of CROWNBUTTE.

NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) ("NACEL") acquired the largest stake in CROWNBUTTE on January 26, 2011.

Mr. Schaftlein, Mr. Fleming and Timothy Simons, the founder and Chairman of CROWNBUTTE, now comprise the Boards of Directors of NACEL and CROWNBUTTE. In addition, Mark Schaftlein now serves as Chief Executive Officer of both companies and Terry Pilling, Ph.D., as Executive Vice President of CROWNBUTTE and Chief Operating Officer of NACEL.

CROWNBUTTE developed the first operating wind park in the Dakotas and most recently, the two-phase 30 MW Diamond Willow wind power facility near Baker, Montana. Twenty GE 1.5 MW wind turbines are operating at Baker, which is presently owned by Montana-Dakota Utilities.

NACEL currently anticipates generating an aggregate 130 megawatts of new wind power upon the commissioning of its Snowflake project in Arizona and its Leila Lake, Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas Panhandle.

For more information about CROWNBUTTE and NACEL visit www.crownbutte.com and www.nacelenergy.com

Notice regarding Forward-Looking Statements

Statements in this press release relating to CROWNBUTTE's plans, strategies, economic performance and trends, projections of results of specific activities, and other statements that are not descriptions or historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in CROWNBUTTE's business. Forward-looking statements may be identified by words such as "should," "may," "will," "anticipate," "expect," "estimate," "intend" or "continue," or comparable words or phrases. Interested persons are encouraged to read CROWNBUTTE's Securities and Exchange Commission filings, particularly its Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.

Contact Information

  • Contact:

    NACEL Energy &
    CROWNBUTTE Wind Power
    Investor Relations
    1-888-242-5848