Attached files
| file | filename |
|---|---|
| 8-K - Celestial Delights USA Corp. | v196906_8k.htm |
| EX-10.1 - Celestial Delights USA Corp. | v196906_ex10-1.htm |
Exhibit
99.1
FAR
EAST WIND POWER APPOINTS VETERAN CHINA POWER INDUSTRY EXECUTIVE AS
CEO
Tuesday, September 21,
2010 | OTCBB: FEWP
BEIJING
-- Far East Wind Power Corp. (OTCBB: FEWP) ("Far East" or the "Company") is
pleased to announce the recent appointment of Mr. Liu Xiaobu as Chairman and
Chief Executive Officer of Far East.
Mr. Liu,
63, worked as a senior executive of China Huaneng Corporation for over twenty
years. The Huaneng Group ("Huaneng") is the largest power generation enterprise
in China, and is an early national adopter of wind power currently offering
2,800MW of wind-power capacity with plans to increase to 20,000MW of wind-power
capacity by 2020. The group is under the administration of the State Council of
the People's Republic of China, and engages in the investment, construction,
operation and management of power generation assets and the production and sale
of electricity power.
During
his service with Huaneng, Mr. Liu was the team leader of Clean Development
Mechanism ("CDM") power projects with overall responsibility for new renewable
energy developments and their submission for approval. Mr. Liu was also
responsible for the construction of large thermal and medium-sized hydroelectric
power projects and the financial management related to a diverse assortment of
various power generation projects in more than 20 provinces within China. Mr.
Liu is experienced in large power project financing, infrastructure, financial
management, price management as well as plant operations and management. Mr. Liu
retired as the Vice Chairman of Huaneng Group in 2007, after a long and
successful career. He received a degree in Chemistry from Beijing Institute of
Education.
Far
East's CFO James Crane stated, "We are extremely pleased to have Mr. Liu direct
our Company. His years of experience with large development projects across
China bring us a wealth of knowledge, expertise, associations and affiliations
that will aid our cause immensely. He is committed to success and enthusiastic
regarding our efforts to date; we truly look forward to working with him and
welcome him to our team."
Details
of the company's business, finances, appointments and agreements can 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.
About Far
East Wind Power Corp. (OTCBB: FEWP)
Far East
Wind Power Corp. aims to generate clean and profitable energy in one of the
world's fastest growing energy sectors through access to a portfolio of
utility-class wind power development projects. Far East will inject innovation
to drive cost out of turbine manufacturing, introduce new technologies and
strategic relationships, and aggressively pursue all available low costs of
capital to deliver the most competitive cost per capacity and highest rates of
return in the Asian marketplace. For more information, visit:
www.fareastwind.com.
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, regulatory incentives, the development of new business opportunities,
and projected costs, revenue, profits and results operations. 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.