SOURCE: Dakshidin Corporation

August 16, 2007 09:00 ET

Dakshidin Corporation Sells Windmills to Africa

LAS VEGAS, NV--(Marketwire - August 16, 2007) - Dakshidin Corporation (PINKSHEETS: DKSC) is pleased to announce that through its wholly owned subsidiary RESTEC International Inc., it has sold four windmills to our African distributor, Ecocleansol. These windmills will be used as part of a demonstration preliminary to a major rollout.

David Putnam, Chief Operating Officer of Dakshidin Corporation, states, "Ecocleansol has been actively promoting our windmills in Africa for the past several months with great success. The interest that they are generating in Africa is absolutely amazing!"

Wind is a free, reliable and renewable source of energy. Windmills were instrumental in the development of the Western United States -- with over 6 million in use prior to 1930. Although the introduction of electricity and other fuel sources led to the decline of the use of windmills in the U.S., today prices from those sources of power are increasing at an alarming rate and aren't infinitely renewable. Multi-blade windmills have resurfaced as a viable form of alternative energy and are the most cost-effective long-term solution to meet the demands of water in today's developing countries. RESTEC has further improved on the multi-blade design to further improve its efficiency.

With a GNP of more than 80% agriculture and a population much greater than the U.S. prior to 1930, RESTEC Windmills can significantly decrease water collection time, eliminate the need for electricity, generators or fuel to reach water at greater depths for those nations in Africa.

There exists in Africa all of the ideal conditions that best demonstrate the peerless capability of the RESTEC Mark 10 windmill -- low wind speeds, great depth to water and lack of generators/fuel/electricity. A great percentage of time and labor is spent by families to collect water and bring it home. Another advantage of our system is that the water that is drawn can be piped under pressure generated by the windmill to distances greater than 5 miles.

Dakshidin Corporation is focusing on the renewable and sustainable energy markets and initially through its wholly owned subsidiary RESTEC International Inc., on the Wind/Water market. The Company welcomes all companies to send us their business plans for evaluation and possible purchase.

In compliance with the "safe harbour" 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