Windworks Engineering Inc.
Windworks Engineering Inc.: WINDWORKS TO RAISE EQUITY
Windworks Engineering Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Windworks Engineering, Inc. is in negotiations with institutional investors to raise additional equity funds to finance its planned research and development program as well as accelerate the commercialization of its first Vertical Access Wind Turbine (VAWT). The Board of Windworks believes that in the current environment it would be in the interests of the Company and Shareholders to strengthen the capital resources of Windworks. In particular, the raising of capital will enable Windworks to: 1) Accelerate the commercial rollout of its first Vertical Access Wind Turbine 2) Commence development of additional Vertical Access Wind Turbines 3) Provide additional financial resources to allow Windworks to capture opportunities for growth. Executive Chairman Craig Bond said, 'We are in negotiations with institutional investors and have great confidence in our plan to enhance Windwork's capital position. We are optimistic about the long-term business opportunities ahead for Windworks and we expect to tap a significant portion of the large and rapidly growing market for wind energy.' _END OF NEWS RELEASE_ Windworks Engineering Inc. is an independent, exchange listed company in the renewable energy segment with a core focus in the area of wind turbine development. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Windworks Engineering Inc. as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Windworks Engineering Inc., Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands, Company Number: 1467202, investors@windworks-invest.com ISIN: VGG9703T1003; Austrian Code: WWE; German Code: WEI; WKN: A0RCGL Quoted on the Vienna Stock Exchange other securites.at and listed on the Frankfurt Stock Exchange Open Market. http://www.windworks-invest.com Copyright (c) Windworks Engineering Inc. 2009. All rights reserved. 08.07.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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