SOURCE: Nacel Energy Corporation

NACEL Energy Corporation

June 20, 2011 07:15 ET

NACEL Energy Announces Officer and Director Investments in Company

DENVER, CO--(Marketwire - Jun 20, 2011) - NACEL Energy Corporation (OTCQB: NCEN) (PINKSHEETS: NCEN) (FRANKFURT: 4FC) ("NACEL" or the "Company") today confirmed its CEO/CFO, Mr. Mark Schaftlein, purchased 169,600 shares of the Company's common stock in the open market last week. Mr. Schaftlein now personally holds a total 549,600 shares of NACEL and is the beneficial owner of a further 1,000,000 shares of the Company.

Additionally, last week, Mr. Murray Fleming, a Director of NACEL, invested an additional $100,000 in the Company. Mr. Fleming's personal cash investment in NACEL, in the form of a simple line of credit extended to the Company, now totals $560,753. Use of proceeds will be announced by NACEL at a future date. In addition, Mr. Fleming holds a total of 2,000,000 shares of the Company.

NACEL's Board of Directors issued the following statement:

"The Board of Directors and management team are committed to the long term success of NACEL. Over the last 12 months, the new management team, led by Mr. Schaftlein, has retired $1.34 million in outstanding debt. In addition, NACEL has acquired two blocks of the common stock of Crownbutte Wind Power (Crownbutte) and today, is its largest shareholder. Crownbutte owns three wind projects, Gascoyne 1, Elgin and Wibaux, located in North Dakota and Montana, with utility interconnection agreements signed or pending this year -- meaning these wind projects are construction-ready this year, in 2011."

NACEL cautions there are many risks and uncertainties related to the wind power business. One important risk is securing turbine financing. There are no assurances any turbine financing agreement, which is essential for the construction of a wind power project, can be finalized. There are also other important risks inherent in the wind power business, which NACEL shareholders, potential investors and other interested parties can review online at www.sec.gov.

About NACEL Energy Corporation (OTCQB: NCEN)

NACEL is one of the first publicly traded companies in America exclusively developing clean, renewable, utility scale wind energy. The Company currently anticipates generating an aggregate 300 megawatts of new wind power upon the commissioning of the Gascoyne II project in North Dakota, together with the Company's Leila Lake, Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas Panhandle. NACEL was founded in 2006 and successfully completed its IPO in December of 2007. NACEL is the largest shareholder of Crownbutte Wind Power Inc. (OTCQB: CBWP) of Mandan, North Dakota.

NACEL Energy
The WIND POWER COMPANY™

Notice regarding Forward-Looking Statements

Statements in this press release relating to NACEL Energy's plans, strategies, economic performance and trends, projections of results of specific activities, and other statements that are not descriptions or historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in NACEL Energy's business. Forward-looking statements may be identified by words such as "should," "may," "will," "anticipate," "expect," "estimate," "intend" or "continue," or comparable words or phrases. Interested persons are encouraged to read NACEL Energy's Securities and Exchange Commission filings, particularly its Annual Report on Form 10-K for the fiscal year ended March 31, 2010 and its Quarterly Report on Form 10-Q for the quarter ended December 31, 2010, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.

Contact Information

  • Contact:

    NACEL Energy
    Investor Relations
    1-888-242-5848