SOURCE: McKenzie Bay

November 21, 2005 13:30 ET

McKenzie Bay and Bradford Dyeing Association, Inc. Sign Power Purchase Agreement

FARMINGTON HILLS, MI -- (MARKET WIRE) -- November 21, 2005 -- McKenzie Bay International, Ltd. (OTC BB: MKBY) is pleased to announce that its wholly owned subsidiary, WindStor Power Co. "WPC," has entered into a Power Purchase Agreement "PPA" with the Bradford Dyeing Association, Inc. If all of the conditions to the agreement are satisfied, WPC's WindStor® will produce and distribute electricity, generated by WindStor® Wind Turbines, directly to the Bradford Dyeing Association, Inc. in Bradford, Rhode Island.

Subject to the terms of the PPA, Bradford Dyeing will purchase electricity generated and distributed by WindStor® at a fixed rate for twenty years, providing an immediate hedge against utility rate increases. Additionally, no capital expenditure will be required by Bradford. WPC will build, own, operate and maintain WindStor®.

Bradford Dyeing Association, Inc. is a privately owned textile finishing plant, established in 1911 as a commissioned dyer and printer, and is housed in over 500,000 square feet of manufacturing space. Bradford's primary production commitment is to the Military and Government sectors and it is currently the largest producer of Battle Dress Uniform fabrics to the U.S. Dept. of Defense and the sole source for the JS List Chem Suit Outer Shell Fabric.

WPC Sales Representative, Acela Energy Group Inc, a Norwood, Massachusetts-based Strategic Energy Procurement Consulting Firm, sourced the transaction. Richard Costello, Acela President said, "Bradford Dying Association has a long, exceptional history in the State of Rhode Island and continues to prosper by making prudent business decisions, such as the installation of a WindStor Wind Turbine, to increase its energy diversity, as well as helping to promote a clean the environment."

Prior to finalizing the system configuration and installing WindStor®, WPC will complete site-specific due diligence pursuant to the PPA with Bradford, including: mast height for the optimal wind regime; required zoning and permits; geotechnical composition and any regulatory or governmental authorization. WPC will then submit a final pricing structure to Bradford. Upon acceptance, WPC will complete financing arrangements to procure the additional funding that will be necessary for completion of the installation. Although WPC is pursuing potential sources of the funds necessary for installation, there can be no assurance that it will be able to acquire the funds on terms favorable to WPC, if at all or that all of the conditions to the agreement can or will be satisfied.

WindStor Power Co. is the owner and operator of WindStor®, a wind energy system designed to integrate distributed generation, installed on or near urban buildings, with grid, off-grid and other power sources. WindStor® features a patent pending vertical-axis WindStor® Wind Turbine and a "proprietary" system integrator.

For further information about this release contact the following:

Investor Relations - Richard Kaiser - 800-631-8127 info@yesinternational.com

McKenzie Bay International, Ltd & WindStor Power Co - 248-489-1961 info@mckenziebay.com

Acela Energy Group - Richard Costello - 781-255-0316 - richard.costello@acelaenergy.com

This information statement contains statements that are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'estimates,' 'anticipates,' 'plans,' 'believes,' 'projects,' 'expects,' 'intends,' 'predicts,' 'future,' 'may,' 'potential,' 'contemplates,' 'will,' 'should,' 'could,' 'would' or the negative of such terms or other comparable terminology. These statements relate to the Company's future operations and financial performance or other future events. These statements are only predictions and not guarantees of future success. Many of the forward-looking statements are based on assumptions about future events that may prove inaccurate. Actual events, results, performance or achievements may differ materially from the events, results, performance or achievements discussed in the forward-looking statements. McKenzie Bay undertakes no obligation to revise, update or clarify forward-looking statements to reflect events or conditions after the date of this information statement.

Contact Information

  • For further information about this release contact the following:
    Richard Kaiser
    Investor Relations
    800-631-8127
    Email Contact

    McKenzie Bay International, Ltd & WindStor Power Co
    248-489-1961
    Email Contact

    Richard Costello
    Acela Energy Group
    781-255-0316
    Email Contact