Message #28 From:
Wind Stocks News Date: August 31, 2009 09:48:26 AM
JUHL, Juhl Wind Affirms Revenue Guidance for 2009 During 2nd Quarter Earnings Call
Aug. 28, 2009 (Business Wire) -- Juhl Wind Inc. (OTCBB: JUHL wind stock news), the
leader in Community Wind Power, today announced that it has affirmed
its earlier revenue forecast for the fiscal year ending on December 31,2009.
In previous filings, Juhl Wind issued a revenue forecast of
approximately $10,807,000 for the full year ending December 31, 2009.
During the Company’s 2nd Quarter Earnings and Outlook
presentation held after the close of the market last evening, Juhl
management re-affirmed the forecast in the following manner:
“We remain relatively confident about our previously reported revenue
forecast for 2009,” stated John Mitola, President of Juhl Wind Inc. “We
remain cautiously optimistic about achieving this target since we have
seen strong growth at our NextGen subsidiary and given the fact that we
recently reached preliminary terms on two of our wind farm projects to
initiate construction come October.”
Juhl management
explained that the Company had recently reached preliminary terms with
various counterparties that it felt would lead to the necessary legal
closing required to initiate construction on two of the company’s wind
farm projects that have been under development. Management was not at
liberty to disclose details of such arrangements due to confidentiality
provisions of the various term sheets and corollary agreements that had
been reached thus far. The final closing of the transactions face
customary risks that the parties involved would be unable to finalize
all necessary terms and agreements required to move forward. Juhl
management is working diligently to effect the closings as targeted.
Any person wishing to listen to the detailed presentation provided by
Juhl Wind Management can listen to a replay of the teleconference which
will be available until September 10, 2009 and can be accessed by
dialing (877) 660-6853 if calling within the United States or (201)
612-7415 if calling internationally. Please enter account # 286 and
conference ID # 330928 to access the replay. The webcast presentation
has also been archived within the “Investor Info - Events &
Presentations” section of Juhl Wind’s home page located at
www.juhlwind.com.
About Juhl Wind Inc.
Juhl Wind is
an established leader in Community Based Wind Power development and
management, focused on wind farm projects throughout the United States
and Canada. Juhl Wind pioneered community-based wind farms, developing
the currently accepted financial, operational and legal structure
providing local ownership of medium-to-large scale wind farms. To date,
the Company has completed 14 wind farm projects and provides operations
management and oversight across the portfolio. Juhl Wind services every
aspect of wind farm development from full development and ownership,
general consultation, construction management and system operations and
maintenance. With its acquisition of Next Generation Power Systems
(“NextGen”), Juhl Wind now provides full sales and service to smaller,
on-site wind and solar projects in addition to our larger Community
Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on
the OTCBB under the symbol JUHL.OB. Additional information is available
at the Company’s website at www.juhlwind.com or by calling 877-584-5946
(or 877-JUHLWIN).
FORWARD LOOKING STATEMENTS
This
news release includes forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 including statements that reflect Juhl Wind’s current
expectations about its future results, performance, prospects and
opportunities. Juhl Wind has tried to identify these forward-looking
statements by using words and phrases such as “may,” “will,” “expects,”
“anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,”
“typical,” “preliminary,” “hope,” or similar expressions. These
forward-looking statements are based on information currently available
to Juhl Wind and are subject to a number of risks, uncertainties and
other factors that could cause Juhl Wind’s actual results, performance,
prospects or opportunities in the remainder of 2009 and beyond to
differ materially from those expressed in, or implied by, these
forward-looking statements including any risks associated with the
ultimate closing of the two wind farm projects discussed on the
Company’s quarterly conference call and explained herein. These risks
are referenced in Juhl Wind’s current 8K, 10K and 10Qs as filed or as
may be described from time to time in Juhl Wind’s subsequent SEC
filings; and such factors as incorporated by reference.
