Greenworld Wind Supreme Power Co. Ltd.
Greenworld Wind Power Signs Memorandum of Understanding to Develop Bio-Mass Power Generation Facilities
Greenworld Wind Power Co.Ltd. / Key word(s): Contract Greenworld Wind Power Signs Memorandum of Understanding to Develop Bio-Mass Power Generation Facilities Toronto, Canada – December 20, 2011 – Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with Eco Market Solutions (EMS) (www.ecomarketsolutions.com) to build bio-mass powered electrical generation facilities. The Companies plan to build a 2MW bio-mass based power generation facility in the Aurora Economic Zone and Freeport Project located in Casiguran in Aurora Province on the Eastern coastal area of Luzon. The MOU also gives Greenworld the right to participate in any further bio-mass projects that EMS may initiate within the next two years. In anticipation of the MOU, Greenworld and EMS executed a Loan Agreement earlier this month, whereby Greenworld granted EMS a credit facility with a maximum amount of Five Million Pesos (PhP 5,000,000). EMS has recently completed construction of a 250 KW bio-mass gasifier power facility (the ‘Dinalungan Plant’) located in Dinalungan, Aurora Province. Disclaimer & Safe Harbor Statement: This release may contain certain ‘forward-looking statements’ with respect to certain of Greenworld Wind Power Co. Ltd.’s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as ‘anticipates’, ‘expects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘might’, ‘will’ and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause Greenworld Wind Power Co. Ltd.’s actual results to differ materially from those anticipated. Greenworld Wind Power Co. Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which Greenworld Wind Power Co. Ltd. operates. The actual results that Greenworld Wind Power Co. Ltd. achieves may differ materially from any forward-looking statements which are based on management’s beliefs and opinions at the time the statements are made. Greenworld Wind Power Co. Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management’s beliefs or opinions change.
Greenworld Wind Power Co. Ltd. Email: info@ greenworldpower.ca End of Corporate News 21.12.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
150579 21.12.2011 |