SOURCE: Dakshidin Corporation

October 21, 2008 16:00 ET

Dakshidin Corporation Donates a Restec Windmill to Quindao Binhi University in the Shandong Province China to Work Collectively With Their Engineering & Science Faculty for the Purpose of Continued Research & Development of Low Wind Speed and Electro Engineering Technologies

LAS VEGAS, NV--(Marketwire - October 21, 2008) - Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ), producers of the world's most powerful water pumping windmill, is very pleased that Mr. Fangxi Han, President & Chairman of the Board of Quingdao Binhai University, has chosen and recognized our low wind speed windmill to be the leading technology. Mr. Zhang, professor of the Alternative Energy Engineering Faculty brings numerous years of experience in this field and in hydrology. He will work closely with Dakshidin in teaching their students this technology and to further develop our current, new low wind speed technologies that will enhance our position in the China and global markets. We are looking forward to continued development of our windmill technologies together with the University. Dakshidin has agreed to donate the most updated water pumping windmill to be installed on the designated area of the campus.

The University has agreed to supply graduate students to work collectively at our Green Village Environmentally Friendly Manufacturing Facilities currently in the development phase. The Green Village Facilities are to be owned and operated by Dakshidin's majority owned subsidiary company HKS (Wuhu) Environmental Energy Development Ltd. HKS (Wuhu). The graduate engineering students will gain hands-on experience, ongoing R&D, on site implementation and provide analyses of our technologies. They will continue to work closely with the University. The educational diversity of the University allows us to review and evaluate other green technologies that could be of commercial benefit to DKSC.

The Qingdao Binhai University was founded in 1992 by Mr. Fangxi Han. The campus covers an area of 68 hectares and employs a teaching and administrative staff of more than 1000 plus 900 additional full time teachers and professors, as well as 36 full time foreign teachers. The University campus provides student accommodations, a shopping market and a medical clinic. The campus has a beautiful park-like setting with small lakes and art structures for students to relax and study outdoors. It also has an Olympic size swimming pool, exercise and sports faculties as well as a full service Hotel on site to accommodate guests.

We are pleased that Mr. Fandxi Han provided this unique opportunity to collaborate and further develop our technologies in one of the newest and most important market sectors, the sustainable energy sector, which has a huge untapped market potential that has not been fully developed.

Dakshidin Corporation and its subsidiary company HKS (Wuhu) Environmental Energy Development Ltd.'s directive is to become an international green products market leader.

About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., is the producer of 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 is a renewable, cost-effective and environmentally friendly solution for the world's water crisis.

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.

Contact Information

  • For Investor Relations Contact:
    Mr. Brent O'Connor