SOURCE: McKenzie Bay International

McKenzie Bay International

January 29, 2013 09:00 ET

McKenzie Bay International Ltd. to Benefit From Clean Green Energy LLC's $25 Million Project Financing

MUSKEGON, MI--(Marketwire - Jan 29, 2013) - McKenzie Bay International Ltd. (PINKSHEETS: MKBY) is poised to mutually benefit from their four-point business arrangement with Clean Green Energy LLC ("CGE"). CGE recently secured $25 million in project financing to fully-fund installations of CGE's WINDe20® vertical axis wind turbine.

McKenzie Bay is the chosen representative to set up a network of distribution channels and occupies the role of establishing Power Purchase Agreements (PPAs) with public and municipal utilities.

"We congratulate CGE in securing this financial backing," said MKBY President/CEO Kevin Cook. "MKBY is well-positioned to profit from our business relationship with CGE along with our investment for a 5% ownership."

Bryan Zaplitny, President/CEO of CGE, said, "With guaranteed financing in place, our customers can be assured of our ability to honor each prior commitment and future commitments we make in operating WINDe20® at the customer's location. This marks a great financial milestone for CGE."

About McKenzie Bay International Ltd.:

McKenzie Bay International Ltd. is a renewable energy technology holding company. MKBY specializes in the acquisition of exclusive rights to renewable energy technologies to establish multiple revenue streams for the publicly traded company.

About Clean Green Energy LLC:

Clean Green Energy is a renewable energy company located in Brighton, Michigan. CGE is dedicated to bringing clean power to local facilities with their innovative WINDe20® vertical axis wind turbine. The 105 foot tall turbine generates power onsite, and is an ideal solution for the educational, business, and municipal consumers.

For further information about this release contact, Investor Relations, Rich Kaiser, YES INTERNATIONAL (757) 306-6090, yes@yesinternational.com

Certain statements made in this press release constitute forward-looking statements and do not guarantee future performance. Actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based solely on the estimates and opinions of management at the time the statements are made.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations
    757-306-6090