City Windmills Ltd.
City Windmills Ltd. announces latest company developments
City Windmills Ltd. / Key word(s): Miscellaneous 23.04.2012 / 11:30 --------------------------------------------------------------------- City Windmills Ltd. announces latest company developments ESHER, U.K., April 23rd, 2012 - City Windmills, Ltd. (Frankfurt symbol: CYW - www.citywindmills.com) is pleased to announce several recent Business Development activities for the investor community. City Windmills Ltd. has recently received the commitment from several high net worth individuals for long term strategic investments into the Company. These funds, whose amount is not yet being disclosed, will go mainly at developing the relationship and manufacturing capability with U.S. Government manufacturing entity, the company's manufacturing arm. The company is now also putting a strong effort behind the upgrading of the company to meet the Entry Standard Level at the Frankfurt Stock Exchange. The company has teamed up with our investment banker Silvia Quandt, the well-known investment banker to help in that direction. Silvia Quandt is partnering with City Windmills Ltd. since June of 2011 and has issued a research report on City Windmills with a target price for the CYW shares at 1.25 euros. This report is available on the company Web site: http://www.citywindmills.com/investors. In order to enhance its product portfolio, City Windmills Ltd. is in advanced negotiations regarding a licensing agreement with a European small electric wind turbine company. The agreement is envisioned to have the manufacturing/assembly performed by a U.S. Government manufacturing entity and market that product offering in the Government and commercial markets in North America. Roland Bopp, CEO of City Windmills, has said: 'This is an exciting time for our Company. We are working in many directions at the same time and are getting a high level of response for our products and concept. Please continue to follow our company in the weeks and months ahead for continued updates'. This press release may contain 'forward-looking statements.' Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. CONTACT: Roland Bopp, CEO, +1 917 345 6365, roland.bopp@citywindmills.com Sean Kelly, CFO, +41 79 203 7124, sean.kelly@citywindmills.com End of Corporate News --------------------------------------------------------------------- 23.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 165996 23.04.2012
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