SOURCE: Dakshidin Corporation

December 20, 2007 08:30 ET

Dakshidin & Partners Deposit $500,000 USD Towards Financing Arrangements

LAS VEGAS, NV--(Marketwire - December 20, 2007) - Dakshidin Corporation (PINKSHEETS: DKSC) (www.dakshidin.com), producers of the world's most powerful water pumping windmill is pleased to announce that in coordination with its joint venture partners, HS (Hong Kong) Management Ltd. and HS Green Products Limited, it has completed the required deposit of $500,000 USD as per the terms of the financing with the Bank of Communications in Wuhu County, China. This will facilitate the ongoing development of this environmentally friendly and highly successful, viable Green Project.

Dakshidin and its joint venture partners, HS (Hong Kong) Management Ltd. and HS Green Products Limited, will receive the financing from the Bank of Communications, based on the submission of standard required documentation. The said financing will secure the industrial land purchase and provide an operating line of credit, letter of credit, packing loan and leasing facility.

"This is great news, with the $500,000 deposit complete and the financing arrangements in place, Dakshidin and our joint venture partners are now in a position to launch full development of the manufacturing and distribution facilities, development will begin in 2008," stated Nick Laroche, President and CEO of Dakshidin Corporation.

Restec's MARK 10 windmill is the cost-effective and environmentally friendly solution for the world's water crisis and Restec's Mark 10 E windmill is the cost-effective and environmentally friendly solution for the world's energy crisis!

About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., produces 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 and the Restec Wind Turbine is the renewable, cost-effective and environmentally friendly solution for the world's water and energy crisis.

For more information please visit www.dakshidin.com

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.

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