Energy Management International Signs Clean Energy Joint Venture
13 Juli 2010 - 6:07PM
Marketwired
Energy Management International, Inc. (PINKSHEETS: ENMI) President
Howard Dunn is pleased to announce a developing strategy that will
lead the Company toward a diversification in "clean energy." After
months of negotiations surrounding several projects, the Company
has entered into a joint-venture agreement with Nova Wind Holdings,
Inc.
"In light of intensive escalation in US installation of wind
power and the need for Energy Management International to develop
additional wind energy expertise, our joint-venture with Nova Wind
Holdings will allow us to look at new diversification opportunities
without distracting resources from our core petroleum based energy
production goals," Mr. Dunn commented in making today's
announcement. "The Company's current management team provides the
expertise necessary to oversee more than just conventional energy
resources including clean energy, specifically wind power
generation."
Bloomberg New Energy Finance, a leading independent expert on
renewable energy, is projecting annual global expenditure on
renewable energy projects will increase from $90 billion (USD) in
2009 to $150 billion in 2020, with further increase to $200 billion
by 2030 given current policy targets.
Energy Management International, Inc,
formally known as Gust Engineering and Speed Production, Inc, is
positioning itself to acquire North and South American oil and gas
production projects and enter into downstream processing design,
build, and/or operating agreements in Paraguay, Bolivia, and
Argentina. Recently, the Company entered negotiations for the
purchase of oil producing properties in central Texas.
DISCLOSURES: "Safe Harbor" statement under
the Private Securities Litigation Reform Act of 1995: This press
release contains forward-looking statements that are subject to
risk and uncertainties, including, but not limited to, the impact
of competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in Energy Management International,
Inc.'s filings with the Securities and Exchange Commission. These
risks could cause Energy Management Internationals, Inc.'s actual
results to differ materially from those expressed in any
forward-looking statements made by, or on behalf of, Energy
Management International, Inc.
For additional information, please visit our website
(www.EnergyMangementInternational.com) or contact our Investor
Relations firm, A S Austin Company, 858-537-7439 or
ENMI@asaustinco.com
Contact: A S Austin Company 858-537-7439 Email Contact
DH Enchantment (PK) (USOTC:ENMI)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
DH Enchantment (PK) (USOTC:ENMI)
Historical Stock Chart
Von Jun 2023 bis Jun 2024