Dakshidin Corporation Is Pleased to Announce the Wuhan Government Has Finalized and Chosen a Well Drill Site Location for Delive
December 22 2008 - 11:57AM
Marketwired
Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ),
producers of the world's most powerful water pumping windmill,
announces the Government of Wuhan City will commence drilling the
test well to install a RESTEC Mark 10 Low Wind Speed Water Pumping
Windmill within the city's agriculture area. We have agreed to a
specific test application to be performed. Our manufacturing
company Jilin City Daxin Water Pumping Windmill Co., Ltd. will
oversee the installation and it is intended to be completed on or
before January 2009. Wuhan Government Directors have reviewed the
windmill water pumping capabilities and are satisfied with the
preliminary due diligence they carried out at our manufacturing
plant in Jilin City.
Dakshidin Corporation has been advised by the Wuhan Government
they have agreed to sign the mutually agreed to letter of intent to
supply and install windmills to meet their needs. Mr. Laroche
President of Dakshidin is currently in China at the request of the
Wuhan Government.
Once the windmill installation and the test criteria are
completed, Dakshidin and the Government of Wuhan City will host a
demonstration event for the Provincial Districts to attend. At that
time a formal agreement will be ratified at a private signing
ceremony between Dakshidin and the Wuhan Government. It has been
suggested by the Wuhan Government they have initially projected a
substantial number of RESTEC Mark 10 windmill sales to be derived
from this event and will commit to firm orders. The main use of the
windmills is to pump water for agriculture and fish farming
industries. Mr. Xin Wei, Director of Manufacturing Operations, will
work closely with the Wuhan Districts to ensure adequate production
supply and monitor the appropriate installation requirements for
each windmill application targeted.
This significant opportunity will increase growth sales in China
and South East Asia markets, and Dakshidin wishes to extend an open
invitation to any of its shareholders to attend the demonstration
event.
The Dakshidin Corporation directive is to become an
international leader in marketing green product technologies.
About us: Dakshidin Corporation, through its wholly owned
subsidiary, RESTEC International Inc., are producers of the world's
most powerful pumping windmill. Throughout the world, especially in
developing countries, there is a dire need for water to fulfill
basic human self-sufficiency demands. In most cases, the problem is
not the lack of available water, but the cost and reliability of
obtaining it. The RESTEC water pumping Windmill is a renewable,
cost-effective and environmentally friendly solution for the
world's water crisis.
Forward-Looking Statements: The information in this press
release includes certain "forward-looking" statements within the
meaning of the Safe Harbor provisions of Federal Securities Laws.
Investors are cautioned that such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties, including
the future financial performance of the Company. Although the
Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements
will prove to be correct. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date of this release, and the Company undertakes no obligation
to update publicly any forward-looking statements to reflect new
information, events, or circumstances after the date of this
release except as required by law.
For Investor Relations Contact: Mr. Brent O'Connor
ir@dakshidin.com 1-888-250-6601
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