SOURCE: Dakshidin Corporation

December 22, 2008 11:57 ET

Dakshidin Corporation Is Pleased to Announce the Wuhan Government Has Finalized and Chosen a Well Drill Site Location for Delivery of the RESTEC Mark 10 Water Pumping Windmill

LAS VEGAS, NV--(Marketwire - December 22, 2008) - Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ), producers of the world's most powerful water pumping windmill, announces the Government of Wuhan City will commence drilling the test well to install a RESTEC Mark 10 Low Wind Speed Water Pumping Windmill within the city's agriculture area. We have agreed to a specific test application to be performed. Our manufacturing company Jilin City Daxin Water Pumping Windmill Co., Ltd. will oversee the installation and it is intended to be completed on or before January 2009. Wuhan Government Directors have reviewed the windmill water pumping capabilities and are satisfied with the preliminary due diligence they carried out at our manufacturing plant in Jilin City.

Dakshidin Corporation has been advised by the Wuhan Government they have agreed to sign the mutually agreed to letter of intent to supply and install windmills to meet their needs. Mr. Laroche President of Dakshidin is currently in China at the request of the Wuhan Government.

Once the windmill installation and the test criteria are completed, Dakshidin and the Government of Wuhan City will host a demonstration event for the Provincial Districts to attend. At that time a formal agreement will be ratified at a private signing ceremony between Dakshidin and the Wuhan Government. It has been suggested by the Wuhan Government they have initially projected a substantial number of RESTEC Mark 10 windmill sales to be derived from this event and will commit to firm orders. The main use of the windmills is to pump water for agriculture and fish farming industries. Mr. Xin Wei, Director of Manufacturing Operations, will work closely with the Wuhan Districts to ensure adequate production supply and monitor the appropriate installation requirements for each windmill application targeted.

This significant opportunity will increase growth sales in China and South East Asia markets, and Dakshidin wishes to extend an open invitation to any of its shareholders to attend the demonstration event.

The Dakshidin Corporation directive is to become an international leader in marketing green product technologies.

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