September 27, 2005 04:00 ET
McKenzie Bay and Bristol County Massachusetts Sheriff's Office Sign Wind Power Purchase Agreement
NORTH DARTMOUTH, MA -- (MARKET WIRE) -- September 27, 2005 -- McKenzie Bay International, Ltd.
(OTC BB: MKBY) is pleased to announce that its wholly owned subsidiary,
WindStor Power Co. "WPC," has entered into a Power Purchase Agreement "PPA"
with the Bristol County Sheriff's Office. If all of the conditions to the
agreement are satisfied, WPC's WindStor® will produce and distribute
electricity, generated by up to three WindStor® Wind Turbines, directly
to the Bristol County Jail in North Dartmouth, Massachusetts.
Gary L. Westerholm, McKenzie Bay President, said; "Massachusetts is a
leader in promoting and supporting renewable energy initiatives. We are
pleased to be able to demonstrate WindStor's functionality as a renewable
energy - distributed generation solution with Bristol County. Being able
to fix even a portion of the cost of electricity, for more than a decade,
should offer welcome relief to municipal governments facing ever increasing
energy costs."
Subject to the terms of the PPA, Bristol County will purchase electricity
generated and distributed by WindStor® at a fixed rate for fifteen years,
providing an immediate hedge against utility rate increases. Additionally,
no capital expenditure will be required by Bristol County. WPC will build,
own, operate and maintain WindStor®.
Sheriff Thomas M. Hodgson, said, "WindStor® is the perfect solution for
"green" energy at Bristol County Jail for many years to come and we welcome
the opportunity to be the first in Massachusetts to benefit from this
innovative wind generation technology and business approach."
WPC Sales Representative, Acela Energy Group Inc, a Norwood,
Massachusetts-based Strategic Energy Procurement Consulting Firm, sourced
the transaction. Richard Costello, Acela President, said, "The recent,
successful commercialization of Vertical Axis Wind Turbines coupled with
the ever increasing cost of energy, has propelled Windstor®'s innovative
power purchase program to the forefront of acceptable, onsite, fuel free
generation. This program is becoming the most desired solution to help
battle high electric costs".
Prior to finalizing the system configuration and installing WindStor®,
WPC will complete site-specific due diligence pursuant to the PPA with
Bristol County including: mast height for the optimal wind regime;
required zoning and permits; geotechnical composition and any regulatory or
governmental authorization. WPC will then submit a final pricing structure
to Bristol County. Upon acceptance, WPC will complete financing
arrangements to procure the additional funding that will be necessary for
completion of the installation. Although WPC is pursuing potential sources
of the funds necessary for installation, there can be no assurance that it
will be able to acquire the funds on terms favorable to WPC, if at all or
that all of the conditions to the agreement can or will be satisfied.
WindStor Power Co. is the owner and operator of WindStor®, a wind energy
system designed to integrate distributed generation, installed on or near
urban buildings, with grid, off-grid and other power sources. WindStor®
features a patent pending vertical-axis WindStor® Wind Turbine and a
"proprietary" system integrator.
Contact: Investor Relations - Richard Kaiser - 800-631-8127
info@yesinternational.com
McKenzie Bay International, Ltd & WindStor Power Co - 248-489-1961
info@mckenziebay.com
Bristol County Sheriff's Office - Said Thomas - Phone - (508) 995-1311
saidthomas@bcso-ma.org
Acela Energy Group - Richard Costello - 781-255-0316 -
richard.costello@acelaenergy.com
This information statement contains statements that are forward-looking
statements. In some cases, you can identify forward-looking statements by
terminology such as 'estimates,' 'anticipates,' 'plans,' 'believes,'
'projects,' 'expects,' 'intends,' 'predicts,' 'future,' 'may,' 'potential,'
'contemplates,' 'will,' 'should,' 'could,' 'would' or the negative of such
terms or other comparable terminology. These statements relate to the
Company's future operations and financial performance or other future
events. These statements are only predictions and not guarantees of future
success. Many of the forward-looking statements are based on assumptions
about future events that may prove inaccurate. Actual events, results,
performance or achievements may differ materially from the events, results,
performance or achievements discussed in the forward-looking statements.
McKenzie Bay undertakes no obligation to revise, update or clarify
forward-looking statements to reflect events or conditions after the date
of this information statement.