Dakshidin Corporation to Become "Reporting Issuer"
April 27 2009 - 4:29PM
Marketwired
Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ),
producers of the world's most powerful water pumping windmill, to
become reporting issuer.
Based on the numerous advances that the company has made over
the past year, Dakshidin Corporation has initiated the steps
necessary to become a full reporting issuer.
"Considering how far we have progressed during the past 12
months, this is obviously the next natural phase of growth for
Dakshidin and the first step toward joining a more senior market
such as the NASDAQ. We are currently in the process of finding a
suitable accounting firm," stated Nicolas (Nick) Laroche, CEO of
Dakshidin Corporation.
In consideration of the imminent production of Dakshidin
Corporation's highly anticipated turbine and the implementation
into production of its most recently filed patent pending
technology, the company feels it is ready to take this step.
The "new" turbine and the latest technology not only supply a
much needed solution for the low wind speed niche in the energy
market but, especially with the latest technology modifications
(patent pending), significantly reduces the already low cost per
kWh of Dakshidin's existing product therefore making the company
even more price competitive.
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: Steve Bauer ir@dakshidin.com
1-888-250-6601
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