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Wind Energy America Inc. Completes Strategic Acquisition of Buffalo Ridge Wind Farm Assets

Posted on: Wednesday, 29 August 2007, 18:20 CDT

Wind Energy America Inc.(OTCBB:WNEA) is pleased to announce that it has completed a strategic acquisition of the developer's stake in two wind farms in Lincoln County MN which contain 33 modern wind turbines having a total rated capacity of 23 megawatts. Known as Shaokatan Hills and Lakota Ridge, these wind farms are located on desirable high ground of Buffalo Ridge, a leading wind regime in the USA. This is the first of our planned wind power purchases, which when completed will provide us with a core holding of significant wind farm assets on Buffalo Ridge, well-known in the wind power industry for its high and consistent wind speeds.

Until 2009, we will receive only minimal revenues from these two wind farms. Based on the actual wind power generated at Shaokatan Hills and Lakota Ridge during the past few years, however, we project that from 2010 through 2018 we will receive total net revenues of at least $11 Million, after which we plan to repower these wind farms with new and larger wind turbines.

The Company further announces that its former subsidiary, PuraMed BioScience Inc., has completed the filing of its Form 10-SB registration statement with the Securities and Exchange Commission, which can be accessed at the SEC website of www.sec.gov. We expect this registration to be effective by October 2007, after which we will promptly distribute the PuraMed common stock now being held beneficially for our shareholders.

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Company's current expectations and involve known and unknown risks, uncertainties, or other factors which may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which do not reflect events or circumstances occurring after the date hereof.

Source: Business Wire

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