Attached files
Exhibit 99.1
SKY HARVEST WINDPOWER CORP. LOGO
SKY HARVEST ANNOUNCES CHANGE OF MANAGEMENT
September 2, 2010 Symbol: SKYH:OTCBB
Sky Harvest Windpower Corp. is pleased to announce that William Iny has been
appointed as President, C.E.O., Secretary and Treasurer of the Company in place
of Chris Craddock, who has resigned as a director and officer of the Company.
The Company plans to proceed with the potential development of its two wind
power properties located in southwestern Saskatchewan. Sky Harvest has collected
wind speed data that indicates that both of its wind power properties are
suitable for the erection of wind power generation facilities. The Company plans
to participate in future wind power procurement processes that SaskPower, the
province's Crown Corporation that currently manages $4.9 billion in generation,
transmission and distribution assets, may announce.
Sky Harvest has entered into discussions with an established international wind
project developer and operator regarding the potential joint venture development
of one of the Company's projects. However, there is no guarantee that any formal
arrangement will be reached.
"Sky Harvest is intent on achieving value for shareholders through the
development of its wind power assets," says William Iny, Sky Harvest's new
President, who has acted as a director of the Company for over four years. "In
addition to the potential for a joint venture development of our projects with
an established company in the sector, we intend to focus our efforts on securing
additional financing, building an experienced management team, considering
alternative markets for ours shares in order to increase trading liquidity and
assessing the acquisition of additional alternative energy projects that would
diversify our operations."
SKY HARVEST WINDPOWER CORP.
William Iny, President
Sky Harvest Windpower Corp. is a United States and British Columbia reporting
issuer involved in development stage wind power projects located in southwest
Saskatchewan, Canada. Wind speed and environmental data relating to the
Company's leased properties indicates that the properties host a strong and
consistent wind resource that warrants the erection of wind power generation
facilities with the potential to generate up to 300 MW of electricity. For more
information, please contact Sky Harvest at 604-267-3041.
Safe harbor for Forward-Looking Statements: Except for statements of historical
fact, the information presented herein constitutes forward-looking statements.
Forward-looking statements may include financial and other projections, as well
as statements regarding the Company's future plans, objectives or economic
performance, or the assumptions underlying any of the foregoing. The Company
uses words such as "may", "would", "could", "will", "likely", "expect",
"anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and
similar expressions to identify forward-looking statements. Any such
forward-looking statements are based on assumptions and analyses made by the
Company in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors we
believe are appropriate in the circumstances. However, whether actual results
and developments will conform to the Company's expectations and predictions is
subject to a number of risks, assumptions and uncertainties. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the company to be materially different from those indicated. Forward looking
statements in this press release include the following: that Windpower is
expected to contribute significantly to the future power generation of
Saskatchewan, that SaskPower may announce any future procurement process related
to wind power and that the Company will be able to participate in any such
future procurement process, and that the Company is continuing discussions with
the proposed developer regarding joint venture development of its projects, will
build an experienced management team, is considering alternative markets for
ours shares to generate increased trading liquidity and is assessing the
potential acquisition of additional alternative energy projects that would
diversify its operations.
Factors which may delay or prevent these forward looking statements from being
realized include misinterpretation of data; that we may not be able to retain
qualified personnel; that our estimates of environmental impacts are inaccurate;
that we may not be able to get equipment or labor as we need it; that we may not
be able to raise sufficient funds to complete our intended wind farm business,
that weather, logistical problems or hazards may prevent us from continuing the
development of our wind farm business, inability to obtain pertinent agreements
and permits, construction of project facilities, failure by the Saskatchewan
government to issue requests for qualifications or requests for proposals or
pursue an electrical power generation strategy based on wind power. Readers
should refer to the risk disclosures outlined in the Company's periodic reports
filed from time to time with the United States Securities and Exchange
Commission on EDGAR at www.sec.gov and with the British Columbia Securities
Commission at www.sedar.com