NACEL Energy Announces New Chief Operating Officer and Board Appointment
09 Février 2011 - 1:45PM
Marketwired
NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) ("NACEL")
today announced it has appointed Timothy Simons to its Board of
Directors and Terry Pilling, Ph.D. as the Company's new Chief
Operating Officer.
Timothy Simons is founder and Chairman of Crownbutte Wind Power,
Inc. (OTCBB: CBWP) ("Crownbutte") and Terry Pilling is Crownbutte's
Executive Vice-President. NACEL acquired the largest stake in
Crownbutte on January 26, 2011.
Crownbutte developed the first operating wind park in the
Dakotas and most recently, the two-phase 30 MW Diamond Willow wind
power facility near Baker, Montana. Twenty GE 1.5 MW wind turbines
are operating at Baker, which is presently owned by Montana-Dakota
Utilities.
NACEL Chief Executive Officer, Mark Schaftlein, stated: "NACEL
has invested significant capital developing our six wind projects.
Over the last two fiscal years, expenditures have included
meteorological towers and satellite wind data collection systems,
complex interconnection studies and pre-construction engineering,
environmental reviews and permitting and many other items. Today,
with the appointments of Tim Simons and Terry Pilling, NACEL now
has a team with a track-record of successfully navigating
Greenfield wind projects through the development stage and across
the finish line to construction, operations and the generation of
electricity."
About NACEL Energy Corporation (OTCBB:
NCEN) NACEL is one of the first publicly traded companies in
America exclusively developing clean, renewable, utility scale wind
energy. The Company currently anticipates generating an aggregate
130 megawatts of new wind power upon the commissioning of its
Snowflake project in Arizona, in addition to Leila Lake, Hedley
Pointe, Swisher, Channing Flats and Blue Creek, all located in the
Texas Panhandle. NACEL is the largest shareholder of Crownbutte
Wind Power Inc. (OTCBB: CBWP) of Bismarck, ND. NACEL was founded in
2006 and successfully completed its IPO in December of 2007.
NACEL Energy The WIND POWER COMPANY™
Notice regarding Forward-Looking Statements
Statements in this press release relating to NACEL Energy's
plans, strategies, economic performance and trends, projections of
results of specific activities, and other statements that are not
descriptions or historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number
of factors, which include, but are not limited to, risk factors
inherent in NACEL Energy's business. Forward-looking statements may
be identified by words such as "should," "may," "will,"
"anticipate," "expect," "estimate," "intend" or "continue," or
comparable words or phrases. Interested persons are encouraged to
read NACEL Energy's Securities and Exchange Commission filings,
particularly its Annual Report on Form 10-K for the fiscal year
ended March 31, 2010 and its Quarterly Report on Form 10-Q for the
quarter ended December 31, 2010, for meaningful cautionary language
disclosing why actual results may vary materially from those
anticipated by management.
Contact: NACEL Energy & Crownbutte Wind Power Investor
Relations 1-888-242-5848
Nacel Energy (CE) (USOTC:NCEN)
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