Attached files
| file | filename |
|---|---|
| 8-K - Celestial Delights USA Corp. | v170762_8k.htm |
| EX-10.1 - Celestial Delights USA Corp. | v170762_ex10-1.htm |
Exhibit
99.1
Celestial
Delights Signs Letter of Intent to Develop 300 MW Wind Farm in
China
PHOENIX,
AZ — (Marketwire) — 01/06/10 — Celestial Delights USA Corp. (OTCBB: CLDS) (the
"Company") is pleased to announce that it has entered into a Letter of Intent
("LOI") with Han Wind Energy Corporation ("HWE") in order to promote and develop
wind energy parks in the area of Huitengliang, Inner Mongolia,
China.
The
initial project consists of a development property encompassing an area of 188
square kilometers in size with a recorded average annual wind speed in excess of
8 m/s. The property is 62 kilometers from a large and growing urban centre which
includes a mix of both residential and industrial consumers. Plans for the
project include a phase 1 stage to install up to 48 MW of wind turbines, and
phase 2 plans are projected to increase the installation upwards to 300 MW or
higher based on future demand considerations.
Recent
legislation by the Government of China has mandated that all renewable energy
projects are to be connected to the national electrical grid distribution
network. This legal requirement provides a significant boost to alternative
energy developers in general and specifically to the rapidly growing wind power
sector. China has embraced a commanding role in the expansion of infrastructure
and deployment of wind power solutions and as a result, the entire sector, from
designers and manufacturers to all levels of government are working closely with
wind farm proponents in order to expedite installations in regions identified
for development of this natural resource.
HWE
brought the project to a certain point of development from 2005 through to 2008.
Additional financing will permit the conclusion of wind studies, licensing and
approvals to develop the proposed wind farm over which HWE had been originally
granted wind farm development rights by the appropriate regulatory agency in
China.
Details
of this agreement will be found as part of the Company's continuous public
disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed
with the Securities and Exchange Commission's ("SEC") EDGAR
database.
Notice
Regarding Forward-Looking Statements
This news
release contains "forward-looking statements" as that term is defined in Section
27A of the United States Securities Act of 1933, as amended and Section 21E of
the Securities Exchange Act of 1934, as amended. Statements in this press
release which are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include, among other
things, the development, costs and results of new business opportunities. Actual
results could differ from those projected in any forward-looking statements due
to numerous factors. Such factors include, among others, the inherent
uncertainties associated with new projects and development stage companies.
These forward-looking statements are made as of the date of this news release,
and we assume no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk factors
disclosure outlined in our annual report on Form 10-K for the most recent fiscal
year, our quarterly reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Exhibit
99.1
ON BEHALF
OF THE BOARD
|
Celestial
Delights USA Corp.
|
John J.
Lennon, President
Investor
Information:
Great
Northwest Investor Relations, Inc.
Phone:
1-866-513-2537