SOURCE: GC China Turbine Corp.

September 03, 2009 07:30 ET

Nordic Turbines Announces Intent to Change Name to GC China Turbine Corp. and Updates Production Status

CENTERVILLE, MA--(Marketwire - September 3, 2009) - Nordic Turbines Inc. (OTCBB: NDTI) d.b.a. GC China Turbine Corp. (the "Company") is pleased to announce today that effective immediately the Company shall henceforth operate under the trade name GC CHINA TURBINE CORP. which best reflects management's ongoing strategic plans. The Company continues to trade on the NASD's Over-the-Counter Bulletin Board ("OTCBB") under the symbol NDTI until such time as an application and approval from the exchange to trade under the new name and resulting new symbol is forthcoming. The name change furthers the objectives of the Company as part of a binding letter of intent with Wuhan Guoce Nordic New Energy Co. Ltd., a People's Republic of China company ("GC Nordic"), and related parties whereby upon the close of a formal definitive share exchange agreement, the Company shall indirectly own all of the outstanding capital stock of GC Nordic.

Wuhan Guoce Nordic New Energy Co. Ltd. (GC Nordic) is a wind turbine manufacturing affiliate of the highly regarded and successful multi-division Wuhan Guoce Group of Companies. The company holds a license to manufacture a robust and innovative wind turbine system originally developed in Europe.

The Company further wishes to advise that GC Nordic has recently completed production and shipment of an additional two of its state-of-the-art 2-bladed 1.0 megawatt wind turbines to the Daqing Longjiang Wind Power Co., Ltd. bringing the total to 7 turbines shipped to-date. Of the seven turbines, four units have been installed and connected to the grid, while another unit is currently undergoing onsite installation.

Management has determined using current production capacity information based on their latest production runs in their facility in Wuhan, China, that the Company has the capability to produce an average of thirty (30) wind turbines per month. This new production capacity will now allow the Company to fulfil its initial orders of 150 wind turbines, worth in excess of US$ 128 million, in the next five to six months.

Further details regarding the Company and details of agreements with GC Nordic are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

GC China Turbine Corp.
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Marcus Laun, Director

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