SOURCE: Powerdyne International, Inc.
WARWICK, RI--(Marketwired - May 21, 2014) - Powerdyne International, Inc. (OTCBB: PWDY), a manufacturing company that builds and leases electrical generation equipment, today announced Company President and CEO Dale Euga is in negotiations to relocate the company to a larger manufacturing facility. The new site offers Powerdyne a far superior space than its existing facility since it has a better location and the ability to be built out in order to accommodate expansion when warranted.
The new quarters, located on the south side of Fall River, Massachusetts, offers a bigger facility that is attached to an even larger vacant structure and is industrial zoned with a waterfront location. It also provides easy street access and maneuverability for equipment according to Euga.
"The opportunity to offer a better work environment while being focused on continued growth and the ability to expand within the same facility providing us with more efficiency is something we are seriously considering at this time," said Euga. "Positioning ourselves for the long term while managing our bottom line is vital to our growth strategy."
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.PowerdyneInternational.com) is a manufacturing company that builds and leases electrical generation equipment including its own portable electrical power generation equipment called PDIGenset (which is patent and trademark pending).
The PDIGenset is a self contained generator using a modified radial air cooled aircraft engine to drive a 1-megawatt (MW) generator. The PDIGenset, runs on natural gas, propane or almost any gaseous fuel. It is compact, lightweight, clean burning, produces low emissions and is extremely energy-efficient.
PDIGensets are designed to be installed at virtually any location. The genset is leased and maintained by PDI. Although the company's target customer will typically use its PDIGenset to produce its own primary electrical power, it can be used for emergency back-up power generation and is useful in any situation where reliable power is needed.
PDI is founded on the ability to produce primary electrical power using proprietary technology to power electrical generation equipment which makes electricity cheaper than existing means of producing primary electric power. PDI expects that the difference between its cost of generating electricity over its customer's current cost will result in substantial savings to the customer.
For more information on Powerdyne International go to: www.PowerdyneInternational.com
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.