Business Services Industry
Wind Energy America Inc. Engages CoreVentures Renewable Fuels
Business Wire, July 24, 2008
MINNEAPOLIS -- Wind Energy America Inc. (OTCBB: WNEA) has entered into an agreement with CoreVentures Renewable Fuels a privately owned renewable energy firm that specializes in project management and financing of renewable energy projects.
Joe Anderson, a partner at CoreVentures Renewable Fuels, former broker with Merrill Lynch, and a veteran at financing wind and other renewable energy projects had this to say: "We are excited about the opportunity to be working with Wind Energy America and see an almost unlimited potential for growth."
The majority shareholder of CoreVentures is CorVal Group, Inc. CorVal Group, Inc. is the holding company for seven independent companies in the construction, engineering & facilities industry. Most notable among them is NewMech Companies Inc., an 85 year old family owned business that employs over 600 people and has completed over $250 million in renewable energy projects.
Darrel Kluge CEO of Wind Energy America commented "Joe actually played an integral role in the financing of our Lakota Ridge, Shaokatan Hills and CHI wind farms almost ten years ago. We are fortunate to be gaining the benefit of his intuitive understanding of our business and what it takes to get projects completed."
About Wind Energy America Inc.
Wind Energy America, Inc. holds and is continuing to acquire significant ownership interests in wind farms in the Midwest and upper Great Plains regions of North America. These regions are particularly suitable for wind energy since they feature sparsely populated and extensive flat prairies having both high and consistent wind speeds. Moreover, farmers and other rural citizens there welcome the substantial and profitable additional "crop" of wind farming and related "green collar" jobs.
This news release contains forward-looking statements regarding WEA and its future business plans, which statements involve known and unknown risks and uncertainties. Such risks and uncertainties may cause actual results and future achievements of WEA to be materially different than those implied by these forward-looking statements. WEA has and undertakes no obligation to provide public updates and revisions to these forward- looking statements to reflect any changes in its expectations of future events.
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