SOURCE: Dakshidin Corporation

February 17, 2009 16:00 ET

Dakshidin Corporation Is Pleased to Announce, the Wuhan Government in China Has proposed to Have a Ceremony to Introduce the Restec Mark 10

LAS VEGAS, NV--(Marketwire - February 17, 2009) - Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ), producers of the world's most powerful water pumping windmill.

Dakshidin Corporation and the Wuhan Government will organize a ceremony in the Wuhan City District at the site location for the purpose to introduce the successful performance of the Restec Mark 10 Water Pumping Windmill. There will be numerous guests and potential buyers invited throughout the province and City districts and other parts of China to attend the event, also overseas business partners will attend this event to be planned for late March or April of 2009.

Dakshidin Corporation is moving forward in a constructive and positive approach to accomplish its market presence, even though the media and some of the investment community have been reporting a major downturn in global markets. "Yes it is evident that leaders of the world's financial systems have failed to control a balance of economic well-being. This does not change certain basic needs of people, water being one of the most important ones. We will continue to build on the successful performance of our Mark 10 windmill in Wuhan city, and this proposal from the Wuhan government could prove to be a major stepping stone for our company," commented Nick Laroche, President of Dakshidin Corporation."

We firmly believe Dakshidin is in the right place at the right time in developing its market presence in China with its environmentally friendly products, to help the farmers and poor villages become more efficient and productive. The Chinese people and the governments have been most hospitable and receptive to our eco friendly technology, and seem more than satisfied with the performance thus far. It has taken time to get to understand the Chinese culture and develop the trust that is needed to build a solid presence in China. The Chinese governments are truly concerned about pollution and global warming. The utilization of our environmentally friendly Restec Mark 10 Water pumping windmills for the agriculture community and small developing villages is a major step in the right direction. They feel no different than the western world as they need to feed a population of 1.3 billion people daily to survive. Therefore, a clean environment is of great importance to them and they are making changes now and for the future.

About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., are producers 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