Message #2 From:
NewsBot Date: January 26, 2008 07:39:36 AM
McKenzie Bay International, Ltd.'s (MKBY) Subsidiary Would Work With MTI Energy
Management/Lighting Specialists
to Complete Ishpeming Project
McKenzie Bay International Ltd.'s (PINKSHEETS: MKBY) subsidiary, WindStor Power Co., has advised MTI Energy
Management/Lighting Specialists of Brighton, MI. that it would work with
MTI to complete WindStor's Pioneer Bluff project in Ishpeming, MI.
With the consent of the parties, the court has temporarily stayed the
litigation brought by MTI against McKenzie Bay and WindStor while the
parties continue to work toward completion of the Ishpeming Project. While
there is no assurance a settlement can be reached, the parties are hopeful
a resolution will be reached shortly.
Neither WindStor nor McKenzie Bay has the capital to continue the Ishpeming
Project. While MTI has assured McKenzie Bay and WindStor that MTI has
arranged sufficient capital to complete the Project, McKenzie Bay and
WindStor have not independently verified the sufficiency or availability of
such capital.
For further information about this release contact Investor Relations, Rich
Kaiser, YES INTERNATIONAL, 757-306-6090.
Certain statements made in this press release constitute forward-looking
statements and do not guarantee future performance. Actual results or
developments may differ materially from the projections in the
forward-looking statements. Forward-looking statements are based solely on
the estimates and opinions of management at the time the statements are
made.
