June 03, 2008 08:30 ET
Market Pulse Breaking News Alert for Tuesday, June 3, 2008: NCEN NACEL Energy Achieves Objectives With 640 MW Wind Power in Development, Sets New 1000 MW Target and Prepares for Rapid Expansion!
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.
ATLANTA, GA--(Marketwire - June 3, 2008) - Market Pulse News Alert for this
AM, Stocks to Watch are: NACEL Energy Corporation (OTCBB: NCEN), Acorda Therapeutics Inc. (NASDAQ: ACOR), AVANT
Immunotherapeutics Inc. (NASDAQ: AVAN)
and Taplmmune Inc. (OTCBB: TPIM).
Investors need to be watching NACEL Energy Corporation
(OTCBB: NCEN) this AM! NACEL Energy is engaged in the
business of generating clean, profitable, renewable energy
from wind. They also include an impressive roster of new
joint-venture wind energy projects under development. The
total planned generating capacity of NACEL Energys new wind
energy projects is 80 mega watts (MW) enough energy to
supply the daily needs of 25,000 American homes. NACEL
Energy has implemented Garrad Hassans project design
software to optimize wind turbine siting for maximum energy
production while meeting environmental, technical and
construction constraints. Garrad Hassan is the world's
leading wind energy consultancy. NACEL Energy is using GH
WindFarmer design and optimization technology to enable
world-class energy generation from its growing portfolio of
projects representing 80 MW of new wind power. GH WindFarmer
is used by the world's major developers, consultancies,
owners, operators and manufacturers for wind power
generation projects of all sizes. Users include Florida
Power & Light, Coopers & Lybrand, GE Wind Energy, Alliant
Energy Wind Connect, Babcock & Brown, British Energy, Edison
Mission Energy, Conoco, and Tokyo Mitsubishi. NACEL Energys
WINDVEST is one of the first in America developing
COMMUNITY WIND utility-scale power generation from wind
turbines, but with a sustainable footprint of less than 20
MW and one or more members of the local community with a
direct financial stake. WINDVEST is a highly innovative
proprietary capital structure and process which enables
NACEL Energy to successfully joint-venture with local wind
energy developers, expedite timelines and improve project
economics. The U.S. energy market is changing and the most
dramatic increases in the renewable energy sector have come
from wind. Now generating enough energy to power 4.5 million
American homes, wind is the nations fastest growing energy
source. In 2007, wind power accounted for 30% of all new
U.S. power generation and more than $9 billion was invested
in wind energy facilities. The global wind market is
estimated to be worth $36 billion annually in new generating
equipment, according to the Global Wind Energy Council
(GWEC). Wind farm economics improve as the price of oil
increases. Currently there are 24 states that have adopted
mandates and guidelines that require a certain percentage of
energy be utilized from renewable energy resources. NACEL
Energy is well-funded, having received capital funding
commitments totaling $3.2 million to finance the development
phase of its 36 month strategic growth plan consisting of 80
MW of new wind power turbine construction. The companys
strong balance sheet boasts total assets more than 50 times
total liabilities, no current debt and virtually no long
term debt. NCEN offers shareholders the unique opportunity
to participate in a fast-growing company with a portfolio of
North American utility and community scale wind power
generation assets. CNBC guest analyst Francis Gaskins just
published a new higher $4.00 target on NACEL Energy. NACEL
Energy is poised to become a significant player in the
energy and utilities industry! NACEL Energy just had
excellent news out in a press release before today's bell
announcing they achieved their objectives with 640 MW wind
power in development. The company also said it set a new
1000 MW target and prepares itself for rapid expansion!
Investors should be watching this one closely!
NACEL Energy Corporation (OTCBB: NCEN), a growing wind power
company in business to generate clean, renewable energy for
America, reports it has achieved its initial corporate goal
of 80 MW of wind power generation projects under
development, first announced January 10, 2008. With 640 MW
of generating capacity now in the development phase, NACEL
Energy is currently working to accomplish two new
objectives: 1000 MW of new wind energy projects underway by
2010 and the listing of its shares on the American Stock
Exchange (AMEX).
To achieve its two newly stated goals, Mr. Dan Leach has
been promoted from Managing Director of Operations to
President. Prior to joining NACEL Energy, Mr. Leach served
as a senior wind energy development consultant for Duke
Energy Generation Services Wind LLC, a subsidiary of Duke
Energy Corporation of Charlotte, NC. Since 1995, Mr. Leach
has participated in all phases of the development and
construction of 21 Greenfield utility class wind power
generation facilities.
NACEL Energy currently has 40 MW of domestic utility class
wind power under development in Texas with its Blue Creek
and Channing Flats projects. NACEL Energy has also teamed
with established infrastructure financier Ridge Partners,
LLC to construct 600 MW of new wind projects in the
Caribbean and Latin America. To further accelerate growth,
NACEL Energy is augmenting its 3 person Operations Team
reporting to Mr. Leach, to include an additional wind energy
field developer focused on U.S., Latin American and
Caribbean regions. The company expects to announce the
appointment in the near term.
Incoming NACEL Energy President Dan Leach stated, Our
experienced Operations Team, our key Texas wind power
generation projects at Channing Flats and Blue Creek, and
our new Latin American & Caribbean projects, in an
environment of rising demand for wind energy globally, have
enabled NACEL Energy to achieve our initial corporate
objective of 80 MW of wind power in development, a full two
years ahead of schedule.
Mr. Brian Lavery, NACELs outgoing President and a founder
of the company, will now serve as Chairman of the Board of
Directors. Mr. Lavery brings more than 20 years of renewable
and conventional energy experience to the position. Mr.
Lavery is tasked with fulfilling the stringent corporate
governance standards of the senior AMEX exchange, including
the recruitment of three outstanding energy industry
veterans to serve as independent directors. NACEL Energy is
seeking an AMEX listing to access a deeper pool of capital,
increase its visibility among institutional investors and
demonstrate its commitment to shareholder accountability.
The Company expects to announce independent directorship
appointments in the near term.
About NACEL Energy Corporation
NACEL Energy Corporation is a rapidly growing wind power
generation company developing clean, renewable energy. NACEL
Energy is among the first in the nation to develop utility
class wind energy projects with a sustainable footprint and
the participation of local partners. The company currently
has 640 MW of domestic and international wind energy
projects under development with a goal of 1000 MW by 2010.
NACEL Energy was founded in 2006 and is headquartered in
Cody, Wyoming. For more information visit our website
www.nacelenergy.com
About NACEL Energy Corporation
NACEL Energy Corporation is a rapidly growing wind power
generation company developing clean, renewable energy for
America. NACEL Energy is among the first in the nation to
develop utility class wind energy projects with a
sustainable footprint of 20 MW and the participation of
local partners. The Company is on track to develop 80 MW of
new energy to power 25,000 U.S. homes by 2010. NACEL Energy
was founded in 2006 and is headquartered in Cody, Wyoming.
For more information visit our website www.nacelenergy.com.
Stocks in the news and acting well as of late include:
Acorda Therapeutics Inc. (NASDAQ: ACOR), AVANT
Immunotherapeutics Inc. (NASDAQ: AVAN)
and Taplmmune Inc. (OTCBB: TPIM).
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