Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) Reports Results for the Fiscal Quarter Ended July 31, 2007 Including Revenue for the First Time Ever
Posted on: Wednesday, 19 September 2007, 12:00 CDT
WORCESTER, Mass., Sept. 19 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (BULLETIN BOARD: MMGW) http://www.massmegawatts.com/ reports revenue for the first time and a net loss of one cent per share. There was a $58,353 loss in the first fiscal quarter or three month period ended July 31, 2007. In the first quarter of the previous year, there was a net loss of two cents per share or $71,248. Mass Megawatts has only 4,282,446 shares issued and outstanding with very little debt.
Mass Megawatts uses several patented innovations to reduce the cost of producing wind power. As a result, Mass Megawatts can be directly competitive with the fossil fuels like oil and natural gas at good wind locations.
In the past five years, the wind industry achieved a growth rate of more than 25 percent for each year. In 2006, more than $9 billion of new wind power plants worldwide were constructed.
For more information, the web site is http://www.massmegawatts.com/ and the company can be reached at the phone number of (508) 751-5432.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power, Inc. ability to produce a cost-effective wind energy conversion device. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, Inc. to achieve or maintain necessary zoning approvals with respect to the location of its MAT power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power, Inc.
Mass Megawatts Wind Power, Inc.
CONTACT: Jon Ricker of Mass Megawatts Wind Power, Inc., +1-508-751-5432,JonRicker@massmegawatts.com
Web site: http://www.massmegawatts.com/
Source: PRNewswire-FirstCall
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