SOURCE: WindPower Innovations, Inc.
QUEEN CREEK, AZ--(Marketwire - Jul 2, 2012) - WindPower Innovations, Inc. (PINKSHEETS: WPNV) is pleased to release this letter to shareholders that recounts corporate successes, challenges, and sets the stage for upcoming announcements related to corporate growth and strategy.
My experience, (says John Myers, President) with the gearbox industry has allowed me to be able to design the "Next Gen" wind turbine for small wind farms. Obama granted to the small wind farm a special energy credit that allows them to be able to manufacturer the small wind turbines by at least 80% to qualify for a tax credit. We were approached by a major small wind farm in Ca. to design such a turbine and increase the 65kw wind turbine to a 85kw wind turbine and make it 80% new. With our engineers we designed such a turbine and it is currently in its final stages of testing. Here is what we are planning to finish throughout the rest of 2012:
- Complete the testing period for the "Next Gen" Wind Turbine and secure a $10,000,000 contract that will run through 2013.
- Actively pursue and complete the acquisition on a Solar Company by the end of 2012, which will complement the wind turbine market and allow us to build our own wind farm.
- Actively pursue and complete the acquisition of a new and exciting company that will revolutionize the trucking industry and their efficiency. Their patented design allows a transfer cube either Omni-Directional Cube ball transfer or a Bi-Directional Cube roller. The uses are limitless.
- Prepare our accounting for the necessary audit requirements to take WPI to the next level on the OTC.
Company Overview: WindPower Innovations will continue to strive to make the energy segment, more efficient and cost effective. WPI will develop new technologies for maintenance and longevity of the wind turbine industry and the Solar Industry.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Capital Group Holdings, Inc. (fka Oasis Online Technologies Corp.'s) expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.