U.S. Wind Farming, Inc. Announces International Development Contracts for Multi-Megawatt Wind Energy...

Nov 22, 2004 - Business Wire

U.S. Wind Farming, Inc. William L. Telander, 800-853-6768 http:// www.uswindfarming.com/

 

U.S. Wind Farming, Inc. (Pink Sheets:USWF)

 

--U.S. Wind Farming, Inc. Has Entered into Several International Development Contracts to Install and Own the "Next Generation" of Integrated Renewable Energy Systems Utilizing Advanced Wind Energy Technology and Decentralized Hydrogen Technology

 

--Under the Terms of Those Contracts, U.S. Wind Farming, Inc. Will Produce Electricity and Hydrogen for the Residential, Commercial and Transportation Industry

 

U.S. Wind Farming, Inc. (Pink Sheets:USWF), "America's Only Publicly Traded Wind Energy Company," (www.uswindfarming.com) has entered into an agreement with U.S. Global Corporation of Northbrook, Illinois and Cambridge Energy Group, Ltd. of Northfield, Illinois to provide the development resources for several immediate projects worldwide.

 

U.S. Wind Farming, Inc. ("USWF") has executed several international development contracts to install and own the "Next Generation" of Integrated Renewable Energy Systems utilizing advanced GE Wind Energy Technology (www.gewindenergy.com) and Stewart Energy's Decentralized Hydrogen Technology (www.stuartenergy.com). USWF will produce Electricity and Hydrogen for the residential, commercial and transportation industry internationally. Financing of equipment and construction for each Wind Energy Electricity/Hydrogen Cooperative is being accomplished with the assistance of Ashlin Capital, LLC (www.ashlincapital.com), which is already providing financing to USWF, via Renewable Energy Utility Trust Bonds and direct loans from major financial and electrical utility institutions that will be provided with renewable energy and carbon credits for their qualified energy portfolios.

USWF is the majority owner of all Wind Energy Electricity/Hydrogen Cooperatives. USWF will realize increasing fixed income from renewable energy contracts for the next 30 years.

 

USWF expects its "Next Generation" Wind Energy Electricity/ Hydrogen Cooperatives will produce at least 25% more revenue than current generation Wind Energy Projects. This will provide the Company with the ability to be even more competitive within the existing wind energy industry, and allow it to compete with the fossil fuel industry in delivering cost-effective electricity and fuels without government subsidies and tax incentives.

 

The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements.

It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

 

 


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