This financial information contains forward-looking statements that involve risks and uncertainties, including but not limited to the Company’s ability to produce a cost-effective wind energy conversion device. Among the important factors that could cause actual events to differ materially from those indicated by forward-looking statements in this release are the failure of the Company to achieve or maintain necessary zoning approvals with respect to the location of its MAT power developments; to successfully produce the MAT on time and remaining competitive; the inability of the Company to sell its current turbines offered for sale or any future sale, if needed, to finance the marketing and sales of its electricity; general economic conditions; as well as those risk factors detailed in the periodic reports filed by the company.
Financial Projections Summary
(of the first 300 megawatts of projects)
The Company plans to construct more that 1000 megawatts over the next six years. As the units are constructed, they will be placed immediately into service. At the end of the construction, the Company anticipated annual gross revenues of more than $100 million with projected after tax profits of more than $30 million.