Attached files
Exhibit 99.1
[LETTERHEAD OF SKY HARVEST WINDPOWER CORP.]
SKY HARVEST RETAINS PROJECT ACQUISITION CONSULTANT
May 26, 2011 Symbol: SKYH:OTCBB
VANCOUVER, BRITISH COLUMBIA--Sky Harvest Windpower Corp. OTCBB:SKYH (the
"Company") is pleased to announce that it has retained Kyle Loney as its project
acquisition consultant. Mr. Loney will be responsible for analyzing potential
project acquisitions in the renewable energy sector and providing
recommendations to the Board of Directors based on his capital budgeting
assessments.
Mr. Loney holds an Economics degree from Union College in New York and is
certified as a Project Management Professional by the Project Management
Institute. Mr. Loney was a founding partner and currently acts as Vice-President
of Business Operations for the Ecogen Group of Companies, which aids clients
with solar power project development. Ecogen's projects to date have involved
over $300 million in capital costs. Mr. Loney has also previously acted as
project manager for Polestar CM Inc., where he managed several Vale Inco (now
known as Vale Canada Ltd.), and Autumnwood Group projects ranging from $5
million to $25 million in size.
Sky Harvest has agreed to grant incentive stock options to Mr. Loney whereby he
can acquire up to 200,000 shares of our common stock at a price of $0.25 for a
period of five years. This grant is pursuant to the Company's previously
announced 2011 Stock Option Plan.
Sky Harvest invites shareholders and other interested parties to visit its new
website located at www.skyharvestwind.com or contact Sky Harvest at 604-267-3041
locally or toll-free 1.877.700.7021
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 350 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 our properties host
a strong and consistent wind resource that warrants the erection of wind power
generation facilities with the potential to generate up to 350 mw of
electricity; that the Company will be reviewing potential renewable energy
acquisitions in the future, and that mr. Loney will be evaluating potential
acquisitions on the company's behalf. Factors which may delay or prevent these
forward looking statements from being realized include that we may not be able
to raise sufficient funds to expand our operations, that we may not get joint
venture partners or permits to erect any facilities, we may be unable to acquire
the proper facilities, actual data may prove different from our current
projected data, we may not encounter suitable acquisition opportunities, and
that mr. Loney may be prevented from evaluating potential corporate acquisitions
due to his other business obligations. 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.
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