SOURCE: Wall Street News Alert

Wall Street News Alert

September 04, 2008 10:14 ET

Wall Street News Alert: Breaking News Alert - WWEI! September 4, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - September 4, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Welwind Energy International Corp. (OTCBB: WWEI), Composite Technology Corporation (OTCBB: CPTC), GE (NYSE: GE) and Nacel Energy (OTCBB: NCEN).

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There is major breaking news coming from Welwind Energy International Corp. (OTCBB: WWEI), and investors are urged to monitor the stock closely this morning! This morning, the company issued a press release announcing that it has successfully signed a binding joint venture partnership for a 49% interest in a wind farm project owned by Ningxia Electric Power Corp. (NEP).

Great news for the company! 'A La Shan Zuo Qi Windfarm Ltd.' (project company of NEP) is a 49.5 MW wind farm, expandable to 400 MW. The partnership will give Welwind a 49% interest in the entire project. Welwind will provide the debt financing for the project and also provide technical support along with turbine equipment manufacturing and construction. NEP has a signed Power Purchase Agreement (PPA price: 0.08 cents USD/KWH) dated August 5, 2008 from the Neimeng Provincial Development and Planning Commission.

Ningxia Electric Power Group was established in June of 2003. The company is a large-scale group holding by Ningxia Hui Autonomous Region Government. The company's primary focus is the development and construction of thermal power generation, wind power, wind turbines, and an involvement in the coal chemical industry. According to the release, by the end of 2006, Ningxia Electric Power Group assets totaled 6.2 billion Yuan ($906 Million USD), and sales revenues were above 2 billion Yuan ($300 Million USD). The company has approximately 4500 employees.

"As we wait for an update from the Zhanjiang Government for Welwind's current wind farm project, we continue to forge ahead on building out the company's business model. This joint venture with one of China's largest wind farm developers allows the company to continue its growth and maintain momentum," says Tammy McNabb, President of Welwind.

Investors are urged to continue to monitor the progress of the company!

The stock closed yesterday at around Six cents a share.

Composite Technology Corporation (OTCBB: CPTC) up 2.8% on 263,000 shares traded.

Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation wind turbines through its subsidiaries: DeWind Inc. & CTC Cable Corp.

GE (NYSE: GE) up 0.1% on 35.5 million shares traded.

GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

Nacel Energy (OTCBB: NCEN) up 16.6% on 75,000 shares traded.

Nacel Energy is an emerging developer and aggregator of wind power infrastructure generating profitable, clean, renewable energy for America. The Company is one of the first in the nation developing COMMUNITY WIND -- utility-scale wind energy with a sustainable footprint and local partners.

Market Commentary:

"OIL NEWS: With falling demand and a stronger dollar light, sweet crude for October delivery fell 36 cents to settle at $109.35 a barrel on the New York Mercantile Exchange, after earlier dipping as low as $107.22," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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