SOURCE: WindStream Technologies, Inc.
NORTH VERNON, IN--(Marketwired - April 14, 2014) - WindStream Technologies, Inc. (OTCQB: WSTI) and Burnham Securities, Inc. have reached an agreement for representation of the Company for all fundraising efforts. This agreement will allow Burnham to raise capital for the Company's expansion and worldwide sales efforts. WindStream expects to use this capital to expand its manufacturing capabilities in North Vernon, Indiana adding as many as 20 new jobs to its operations to meet current customer demand. The Company manufactures the first of its kind "Hybrid" renewable energy solution called the SolarMill®, which has resonated with customers all over the world. "We are very excited about our new relationship with Burnham Securities," said Dan Bates, President and CEO of WindStream Technologies. "Working with a prestigious firm like Burnham validates all the hard work we have put into the WindStream products and company. The engagement of Burnham as our investment banking advisor will improve our international expansion plans by providing the Company with access to growth capital as we enter the public markets."
WindStream Technologies builds a unique product that is a simple, efficient and cost effective way for consumers, either on or off grid, to save money on their energy bills or provide clean energy in settings where the supply of electricity is not consistent or non-existent. "When we saw the technology that WindStream has developed and the worldwide sales traction that they have already achieved, we knew that this was a management team that we wanted to work with and could also add significant strategic value as their investment bank and partner," said Hugh Dunkerley, Managing Director of Burnham Securities. "Burnham is uniquely positioned to help clients like WindStream secure capital for worldwide growth and our international contacts also bring potential new and exciting sales opportunities to the Company," he added. The Company has recently completed its merger and is now listed and trading under the symbol WSTI in the OTC Markets of the US.
About WindStream Technologies Inc.
Headquartered in North Vernon, Indiana, WindStream Technologies is the leader in low-cost, hybrid, renewable energy solutions for urban, suburban and off-grid environments. Founded in July 2008, American owned and operated, WindStream Technologies has designed, tested, and now manufacturing its patented TurboMill® and SolarMill® distributed energy solutions, proving that homegrown innovation and manufacturing can thrive in today's economy. For more information about WindStream Technologies, Inc., please visit www.windstream-inc.com
About Burnham Securities, Inc.
Burnham Securities, is a full-service investment bank, FINRA-licensed, SIPC Member firm providing corporate finance, institutional and individual brokerage, with a longstanding clearing relationships through JP Morgan and additionally COR Clearing. The firm is headquartered in New York with offices in Irvine, CA and Houston, TX. Burnham Financial Group is the parent of both Burnham Securities and Burnham Asset Management, founded in 1931 by Wall Street legend I.W. Burnham II. His legacy firm spawned Drexel Burnham Lambert, which innovated high-yield finance markets and dominated global league tables in the 1980s while funding some of what are today's most iconic companies. I.W.'s son, Jon Burnham, is Chairman of today's Burnham Financial Group. Burnham Asset Management is an SEC Registered Investment Advisor and manages the Burnham Investors Trust, a publicly-traded, Morningstar-rated mutual fund family founded in 1961. For more information go to www.burnhamfinancial.com