City Windmills Ltd.: City Windmills Ltd. Initiates Partnership with French Windmill Company Verteole to enhance its offer for the North American Markets

City Windmills Ltd. Initiates Partnership with French Windmill Company Verteole to enhance its offer for the North American Markets

ESHER, U.K., April 23rd, 2012 - City Windmills, Ltd. (Frankfurt symbol: CYW - www.citywindmills.com) is pleased to announce its partnership with the French company Verteole, a manufacturer of vertical axis windmills, to enhance its offer to the North American market.

City Windmills Ltd. has recently entered into a partnership with the French company Verteole to increase the company's offer of wind turbines for the North American market. In order to enhance its product portfolio, City Windmills Ltd. signed a letter of collaboration with Verteole, a French electric wind turbine company. The agreement includes the manufacturing/assembly performed by a U.S. Government manufacturing agency. City Windmills will market the products and distribute them into the Government and commercial markets in North America.

The Verteole GW system allows City Windmills to deploy its North American strategy by offering a 1 kW system for US government entities along with City Windmills 4.5 kW system This offers a larger scale of products and different energy outputs for our the various customers needs.

Verteole also comes closest to our knowledge to US military and Government standards, as it has been certified and tested in live conditions with winds at 196 kmh (122 mph) and survived the event perfectly. Among the US military standards for eventual utilization of their own windmills for autonomous production of electrical energy, we find transportability and resistance to high winds.

A video of the Verteole product is viewable on the company Web at: http://www.citywindmills.com/partnership-verteole

Roland Bopp, CEO of City Windmills, has said: 'This is an important step for Company to expand its product offering and serve the rapidly growing small electric wind turbine market in the Federal Government and commercial markets in North America'.

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