SOURCE: Dakshidin Corporation

May 23, 2007 09:00 ET

Dakshidin Corporation Expands Into China

LAS VEGAS, NV -- (MARKET WIRE) -- May 23, 2007 -- Dakshidin Corporation (PINKSHEETS: DKSC), through its wholly subsidiary Restec International Inc., is pleased to announce that it has signed a MOU with Kensam Echo-Tech Services Co. Ltd. (Kensam) to acquire a controlling interest in their firm.

Kensam has been operating in China for the past seven years in the Economic and Technical Services area within the Energy and Mineral sectors.

This acquisition will facilitate the marketing and development of the Restec Mark 10 windmill as well as furthering our development of a production series of modules that work with the windmill to produce electricity and provide fresh drinking water by either Flash Distillation or Reverse Osmosis.

The Flash Distillation system employs a novel approach to creating fresh water using low temperature and low pressure. Restec will be working in conjunction with another already proven technology employing Reverse Osmosis. As well as enhancing it, this innovative system can use the water pressure created by the windmill to force seawater through a series of Reverse Osmosis filters to create fresh drinking water using only the windmill as its power source.

The ability to draw water at a greater rate than any other windmill, in lower speeds as well as produce electricity and provide fresh drinking water is the "Triple Play" that is necessary for our Restec International Inc.'s product line to become a leader in providing the world's Arid regions with a "Total Solution."

Nick Laroche, President and CEO of Dakshidin Corporation, states, "Significant markets have already been identified for the production and delivery of Restec's products within China and several other Asian countries."

The final contract for this purchase is expected to be executed with the next few weeks.

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

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