McKenzie Bay International Ltd. to Benefit From Clean Green Energy LLC's $25 Million Project Financing
29 Janvier 2013 - 3:00PM
Marketwired
McKenzie Bay International Ltd. (PINKSHEETS: MKBY) is poised to
mutually benefit from their four-point business arrangement with
Clean Green Energy LLC ("CGE"). CGE recently secured $25 million in
project financing to fully-fund installations of CGE's WINDe20®
vertical axis wind turbine.
McKenzie Bay is the chosen representative to set up a network of
distribution channels and occupies the role of establishing Power
Purchase Agreements (PPAs) with public and municipal utilities.
"We congratulate CGE in securing this financial backing," said
MKBY President/CEO Kevin Cook. "MKBY is well-positioned to profit
from our business relationship with CGE along with our investment
for a 5% ownership."
Bryan Zaplitny, President/CEO of CGE, said, "With guaranteed
financing in place, our customers can be assured of our ability to
honor each prior commitment and future commitments we make in
operating WINDe20® at the customer's location. This marks a great
financial milestone for CGE."
About McKenzie Bay International Ltd.:
McKenzie Bay International Ltd. is a renewable energy technology
holding company. MKBY specializes in the acquisition of exclusive
rights to renewable energy technologies to establish multiple
revenue streams for the publicly traded company.
About Clean Green Energy LLC:
Clean Green Energy is a renewable energy company located in
Brighton, Michigan. CGE is dedicated to bringing clean power to
local facilities with their innovative WINDe20® vertical axis wind
turbine. The 105 foot tall turbine generates power onsite, and is
an ideal solution for the educational, business, and municipal
consumers.
For further information about this release contact, Investor
Relations, Rich Kaiser, YES INTERNATIONAL (757) 306-6090,
yes@yesinternational.com
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.
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Contact: Rich Kaiser Investor Relations 757-306-6090
CGE Energy (CE) (USOTC:CGEI)
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