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Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) Reports Results for the Fiscal Year Ended April 30,2006.

Posted on: Thursday, 20 July 2006, 09:01 CDT

WORCESTER, Mass., July 20 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (BULLETIN BOARD: MMGW) reports a net loss of ten cents per share or $316,565 in the fiscal year ended April 30, 2006. In the previous year, there was a net loss of 24 cents per share or $696,205.

In recent months, Mass Megawatts (http://www.massmegawatts.com/) has been preparing the construction details and finance programs for the initial sales of its Multiaxis Turbosystem.

Mass Megawatts on a mass production scale anticipates the cost reduction of producing wind power with 40% less cost than traditional wind power plants. For example, Mass Megawatts uses smaller blades utilizing a fraction of the material per rated kilowatt. Another advantage for Mass Megawatts is the lower maintenance cost with the generators and gearboxes being isolated from problem causing vibration. As a result, a major cause of premature failure is prevented.

In the past five years, the wind industry achieved a 29 percent growth rate. In 2005, more than $9 billion was invested in new wind power plants worldwide.

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,or JonRicker@massmegawatts.com

Web site: http://www.massmegawatts.com/

Source: PRNewswire-FirstCall

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