SOURCE: Xzeres Wind Corp.

November 15, 2010 08:59 ET

XZERES Wind Now Offering 'Buy Direct' Program to Streamline Purchases of Small Wind Turbines

WILSONVILLE, OR--(Marketwire - November 15, 2010) -  XZERES Wind Corporation (OTCBB: XWND) announced today the introduction and availability of the Buy Direct program for its small wind power systems. In addition to collaborating with an extensive dealer network, XZERES is solidifying its position as a leader in the small wind industry by directly providing a genuine turnkey solution for customers seeking to purchase the XZERES 442 10kW and XZERES 110 2.5kW or the equivalent marine units.

"By selling directly to the end-user, we can guarantee quality customer service from day one to the turbine's twentieth year of operation," said Frank Greco, XZERES' CEO. "Customers will have access to a complete distributed energy solution, including our comprehensive site assessment analysis and reporting, financing solutions and rugged small wind power systems. This direct, turnkey solution is a new offering for the small wind industry and expands XZERES customer reach and brand while responding to customer demand for a one-stop-shop to facilitate the entire purchase and installation process."

XZERES' experienced professionals will support every project stage from the initial site assessment throughout the financing, permitting and installation processes to ongoing technical services:

Site Assessment: XZERES WindRx™ site prospecting report includes a comprehensive evaluation of a location's wind resources to determine annual and monthly energy production. XZERES will deliver detailed business cases capturing key financial analytics, such as out of pocket expenses, tax incentives and grants, as well as internal rate of return and the net present value of a customer's wind energy investment.

Permitting: XZERES will provide step-by-step guidance for navigating local zoning and permitting ordinances.

Financing: XZERES offers a range of tailored financing solutions for all types of customers that eliminate the up-front out of pocket costs for installing a XZERES small wind power system. Counsel on federal, regional and local tax credits and rebates are incorporated into each customer program.

Installation and Support: Operating a global installation and service contractor network, XZERES provides efficient and safe installation of its wind turbines, in addition to ongoing maintenance and repair.

About XZERES Wind Corp.
XZERES Wind Corp designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications. Our wind power systems are focused on distributed energy, where a specific machine's energy output is largely or entirely used on-site where the equipment is installed, as well as grid connected applications. While many of our customers take advantage of their local net-metering rules within the United States and Feed In Tariffs that are often available in Europe and Internationally (to sell power back to the grid), our wind power systems are not dependent on transmission needs to carry the energy produced to another location. For more information please see the Company's website at www.xzeres.com.

Forward-Looking Statements

Statements about XZERES Wind Corp's expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. XZERES Wind Corp's actual results could differ materially from expected results. XZERES Wind Corp undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; XZERES Wind Corp will appropriately inform the public.

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). XZERES Wind Corp claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful development and deployment of ethanol production facility or facilities, impact of the company's expansion plan, and new business development success, future financial results, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new facilities and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and XZERES Wind Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact Information

  • Company Contact:
    Tina Mortensen
    XZERES Wind Corp
    (503) 388-7331

    Media Contact:
    Beckerman
    xzerespr@beckermanpr.com
    (201) 465-8007