Greenworld Wind Supreme Power Co. Ltd.

  • WKN: A1J04G
  • ISIN: VGG4105M1005
  • Land: Kanada

Nachricht vom 19.03.2012 | 10:35

Greenworld Wind Power Advises Joint Venture Developing Masbate Water Supply Facility Running Ahead of Schedule


Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous

19.03.2012 / 10:35


Greenworld Wind Power Advises Joint Venture Developing Masbate Water Supply Facility Running Ahead of Schedule

Toronto, Canada - March 19, 2012 - Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), has announced that construction of the Masbate-Mobo water treatment and supply facility is running ahead of schedule.

It is now expected that the facility will be ready for operational testing by April 7th.

The facility will supply 7,000 cubic meters of water (cbm) per day to the Musbate-Mobo Water District. Greenworld has a 25% interest in the joint venture, head-manned by Singfil Hydro Builders Corporation, which has a 50% interest in the project. Another private investor brought in by Greenworld owns the remaining 25% of the joint venture.

Disclaimer & Safe Harbor Statement:

This release may contain certain 'forward-looking statements' with respect to certain of Greenworld Wind Power Co. Ltd.'s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will' and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause Greenworld Wind Power Co. Ltd.'s actual results to differ materially from those anticipated. Greenworld Wind Power Co. Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which Greenworld Wind Power Co. Ltd. operates. The actual results that Greenworld Wind Power Co. Ltd. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. Greenworld Wind Power Co. Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.

For further information please contact:

Greenworld Wind Power Co. Ltd.
100 Consillium Place
Suite 200
Scarborough, ON
M1H 3E3

Email: info@ greenworldpower.ca



End of Corporate News


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161151  19.03.2012

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