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Wind Energy America Inc. Elects Paul Knapp to Its Board of Directors

Posted on: Monday, 24 March 2008, 18:00 CDT

Wind Energy America Inc. (OTCBB: WNEA) today announced that it has elected Paul R. Knapp, Sr. to its Board of Directors. Mr. Knapp is President and CEO of Space Center Ventures, a St. Paul, Minnesota-based venture capital fund which invests in emerging Twin City companies. He has served on the Boards of a number of private and public companies, and currently serves as a Director of Minneapolis-based Venture Bank. Mr. Knapp is a 1982 graduate of The College of St. Thomas and a 1985 graduate of William Mitchell College of Law.

WNEA Interim CEO Darrel Kluge commented "Our Board of Directors is delighted to welcome Paul Knapp to the Board. We expect to take full advantage of Paul's substantial finance experience and his extensive experience with high growth companies."

Mr. Knapp said: "I believe WNEA is well positioned to take full advantage of the very promising opportunities presented by the rapidly expanding wind energy industry. I support the Company's objective of building a world class company and generating shareholder value over the long term."

About Wind Energy America: WNEA is a Minnesota-based wind energy development company. It owns the developer's interest in 54 megawatts of completed utility-scale wind farms and has 1,200 megawatts in its pipeline for future development. The company also owns a significant minority stake in Navitas Energy Inc. (the U.S. wind power development subsidiary of Gamesa Energia S.A. of Madrid, Spain). Gamesa is one of the world's largest wind turbine manufacturers.

WNEA's mission is to aggregate a portfolio of wind farm assets through development as well as acquisition. The WNEA development team has more than 15 years' experience building more than $300 million of wind farms.

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 those forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly any revisions to these forward looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.

Source: Business Wire

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