SOURCE: Dakshidin Corporation

March 23, 2007 10:13 ET

Dakshidin Corporation Enters Renewable and Sustainable Energy Markets

LAS VEGAS, NV -- (MARKET WIRE) -- March 23, 2007 -- Dakshidin Corporation (PINKSHEETS: DKSC) has completed the purchase of RESTEC International Inc., owner of the world's most powerful water pumping windmill.

RESTEC windmills, through an innovative design, pump more water at a lower cost, at any depth, in any wind speed than any other windmill in the world. This design enables the Company to pump other fluids such as crude oil, thus potentially opening major markets for Dakshidin.

The RESTEC windmill, although primarily used to draw water, can in addition purify water, desalinate water, aerate water, push water to distances in excess of 10 kilometers, produce direct mechanical energy and generate electricity.

Dakshidin intends to distribute windmills around the world to provide fresh, pure water for drinking and irrigation -- solely by using the available wind," stated Nick Laroche, President and CEO of Dakshidin Corporation. "In fact, the RESTEC windmill works in wind speeds as low as 4 MPH to provide coverage to over 90% of the globe."

The installation of the Prescott, Arizona windmill will be filmed and available for viewing on our website. RESTEC will also be selecting distributors for the windmills in the U.S., Africa, Italy and the Caribbean during the next few weeks and plans to have over 25 distributors by the end of the third quarter 2007.

Between 1860 and 1930, there were 6.2 million water-pumping windmills in the western United States, when the GNP was 45% agriculture and the population was about 25 million. The number of windmills declined after 1930 as government-subsidized electricity was distributed in the West.

In Developing Countries that have 100 times the pre-1930 U.S. population, GNPs of more than 80% agriculture and no low wind-speed windmills, the Windmill potential is virtually unlimited. There are 215 countries in the UN Atlas and each country could support a Joint Venture and produce more than 100 windmills annually. This represents a market potential in the millions.

Dakshidin Corporation is focusing primarily on acquiring companies in the renewable and sustainable energy markets and welcomes all companies to send us their business plans for evaluation.

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, DKSC notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, DKSC wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the U.S. Securities and Exchange Commission. These may be viewed at www.sec.gov and many other Web sites without charge.

Contact Information

  • For Investor Relations contact:
    David Putnam
    Email: ir@dakshidin.com
    (647) 477-8440