As with any major ski operation, Camelback Mountain Resort has major electricity demands and locations with high wind velocity. For those reasons, Mr. Berry has been exploring a wind power solution for some time. He has been in direct discussions with Mass Megawatts for a number of months regarding MAT technology, and his investment in Electric City Wind Power has been taken as sign by industry watchers that these talks have been ratcheted up to a new level. An independent ski industry consultant estimated that Camelback could easily require up to 3 Mega watts of wind power equipment.
Mass Megawatts Wind Power, Inc. is a major shareholder in Electric City Wind Power Corp. and receives a 10% licensing fee on all of the Electric City's sales volume.
At a recent Electric City Wind Power Shareholder's Meeting, Mr.
Berry spoke to the fact that there were over 20 ski resort operators in
CBH20, a firm headed by Mr. Berry, purchased Camelback in June of 2005 for
With multi-generational roots in the Poconos, Mr. Berry has been one
of the major forces for the region's continued revitalization, serving
as an economic leader and booster for the area's commercial and
industrial development. Many of the business and political leaders of
Attorney
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.
SOURCE Mass Megawatts Wind Power, Inc.
