City Windmills Ltd. announces initiation of research coverage with a BUY recommendation by Silvia Quandt & Cie

City Windmills Ltd. announces initiation of research coverage with a BUY recommendation by Silvia Quandt & Cie

MANCHESTER, U.K., Sept 9th, 2011 - City Windmills, Ltd. (Frankfurt symbol: CYW - www.citywindmills.com), announces that Silvia Quandt & Cie, a leading German investment banking and brokerage firm has initiated research coverage of City Windmills with a BUY recommendation.

Silvia Quandt & Cie, one of the most reputable German brokerage firms specializing in the fields of cleantech and new energies, has initiated coverage of the company. Silvia Quandt & Cie issued an internal note to its customers and a full research note on September 6^th, 2011. This published 20-page research report has conducted an in-depth analysis of the business perspectives of City Windmills and comes to the conclusion that the company's share price is currently undervalued and could appreciate up to their 1.25 euros per share target price.

'The reputation of Silvia Quandt & Cie as a top brokerage firm in the field of clean energy has been firmly established over the last several years.' said Sean Kelly, CFO and founder of City Windmills Ltd. 'Their forecasts on our business perspectives seem quite in line with our views on our initial business focus - servicing governmental entities by supplying them with clean, green wind energy' he added. 'We are especially pleased that a firm with the stature of Sylvia Quandt & Cie is now actively following our company so early in our corporate evolution. We believe it is a strong testimony of our existing business plan and future potential. We look forward to developing our relationship with Sylvia Quandt & Cie and presenting to their large institutional following in the coming months.'

The current research report of Silvia Quandt & Cie with an initial price target of 1.25 euros can be downloaded from the following link: http://www.citywindmills.com/investors

City Windmills Ltd. is a windmill company seeking to transform the dominant paradigm of energy production and consumption around the globe, by integrating the three notions of powerful energy production from wind, proximity to the end user and advertisement of brands and products.

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:
Peter Kazimirski, CEO, +41 79 663 5234, peter.kazimirski@citywindmills.com
Sean Kelly, CFO, +41 79 203 7124, sean.kelly@citywindmills.com