This is the hot ticket this month.
AWNE is merging this stock has see highs about 1.50 before and
currently trading at it's bottom. NOW is the time to get in.. Read
the news yourself
this is the deal today don't miss out I see this hittin about $1
AWNE is the symbol.. get in before it's too late
Emergya Wind Technologies Holdings N.V.<br style="display:none"/><br /
> and Americas Wind Energy Corporation Announce Letter of Intent for
Proposed Merger
TORONTO--(BUSINESS WIRE)--Americas Wind Energy Corporation (“AWE”)
(OTCBB: AWNE) and Emergya Wind Technologies Holdings N.V. (“EWT”), the
international supplier and manufacturer of DIRECTWIND wind turbines,
are pleased to announce that they have entered into a Letter of Intent
for EWT to acquire all issued and outstanding shares of AWE in a cash
merger transaction. The merger transaction is subject to completion of
EWT’s due diligence and a definitive merger agreement, AWE stockholder
approval, as well as customary third party and regulatory
approvals.<br style="display:none"/><br />
As a part of its consolidation and market development strategy,
through the acquisition of AWE, EWT will control the exclusive rights
to manufacture, sell and distribute the DIRECTWIND turbine product
line in North America. AWE has licensed these rights from EWT since
2004.<br style="display:none"/><br />
“Joining with AWE in accessing the North American market for our
products will be an important milestone that further demonstrates our
global commitment to our customers and stakeholders. We are pleased
that upon completion of the merger we will be able to direct and
control all sales, customer service and manufacturing efforts of our
DIRECTWIND turbines within the fastest growing market for wind power”
stated Gerry van der Sluys, President & CEO, Emergya Wind Technologies
B.V.<br style="display:none"/><br />
“This merger proposed by EWT will provide significant opportunities to
sell further Direct Drive windturbines into the North American market
and AWE looks forward to cooperating with EWT in this bold new
venture”, stated Hal Dickout, President and CEO of AWE.<br
style="display:none"/><br />
With its corporate offices at Schiphol Amsterdam Airport, The
Netherlands, EWT is recognized as a worldwide leader in the design of
direct drive wind turbines providing wind energy solutions with
excellent Cost of Ownership. The design of EWT’s DIRECTWIND 750 and
900 turbines is characterized by the elimination of the traditional
gear box present in conventional wind turbines, resulting in increased
wind to power conversion, improved reliability and lower maintenance
costs.<br style="display:none"/><br />
About AWE
AWE holds the exclusive North American license for EWT windturbines.
Since 2004 AWE has been developing the North American market for these
Direct Drive windturbines, modified for North American grid
conditions. There are 6 machines installed and several more on order
and a long list of customers who have expressed interest in going
ahead with new projects. AWE has developed very capable suppliers in
North America with a strong interest in supporting this market.<br
style="display:none"/><br />
About EWT
EWT is an international wind turbine supplier specialized in the
development and the manufacturing of advanced high-quality direct
drive (gearless) wind turbines. Our 750 kW and 900 kW models feature a
variety of rotor diameters and hub heights. The key assets together
formed a strong basis on which EWT commenced commercial operations in
February 2004. EWT is determined to become one of the world’s leading
suppliers of high performance direct drive wind turbines. Key
objectives are to offer our customers reliable top quality products
with lowest energy generating cost during a twenty-year operational
lifetime. EWT intends to meet its objectives by a combination of
market driven product innovation, organic growth, strategic
partnerships and acquisitions, if suitable opportunities arise. EWT
regards it an additional challenge to develop and build wind farms on
a full-turnkey basis across the globe.<br style="display:none"/><br />