Message #12 From:
NewsBot Date: November 8, 2008 05:08:21 AM
MMGW Stock: Mass Megawatts Wind Power, Inc. (MMGW) Announces Expansion Into Smaller Wind Power Plant Market
WORCESTER, Mass., Nov. 5 /PRNewswire-FirstCall/ -- Mass Megawatts Wind
Power, Inc. (OTC Bulletin Board: MMGW stock) announces today that it is spearheading
an expansion into the small, wind power plant manufacturing market. These
units are often used for residential homes, farms and other small businesses.
Due to the unprecedented demand for these units from recently passed federal
tax credit legislation, Mass Megawatts is making preparation for establishing
itself as a premier alternative to the traditional horizontal or propeller-
style turbine technology. The company is expanding operations for commercial
production to include a 5kW mini version of its full size MAT unit.
Effective immediately, the company will be building demonstration units
with a rated output of 5kW. This small unit version, or 'Mini-MAT' as it's
called, is expected to be directly competitive with small wind power systems
currently on the market. The cost, however, is anticipated to be less. This is
made possible, in large part, by its new adjustable augmenter technology.
Combining federal and state tax credit incentives as a down payment, the
purchaser may finance, through the company, the remaining balance over a ten
year period. At a reasonable wind location, the savings from electric costs
should counter-balance these payments, making it potentially immediately
profitable.
Mass Megawatts will have further updates early next year on this future
development. For more information, contact the company at (508) 751-5432 or
visit: http://www.massmegawatts.com the company website.
This press release contains forward-looking statements that could be
affected by risks and uncertainties, including but not limited to Mass
Megawatts Wind Power, Inc. ability to produce a cost-effective wind energy
conversion device. Among the factors that could cause actual events to differ
materially from those indicated herein are: the failure of Mass Megawatts Wind
Power, Inc. to achieve or maintain necessary zoning approvals with respect to
the location of its MAT power developments; the ability to remain competitive;
to finance the marketing and sales of its electricity; general economic
conditions; and other risk factors detailed in periodic reports filed by Mass
Megawatts Wind Power, Inc.
