TORONTO, May 6 /CNW/ - China Wind Power International Corp. (TSX-V: CNW) ("China Wind" or the "Company") today announced that its Chief Executive Officer, Mr. Jun Liu, has been elected as Chairman of the Executive Council of Heilongjiang Province Wind Power Industry Association ("HWPIA"). The HWPIA's mission is to promote wind power development in the province and assist government in planning and regulating the industry.
"As the Chairman, I am honored to have the opportunity to serve the wind power industry and contribute to the development of renewable energy in Heilongjiang Province." said Mr. Jun Liu.
China Wind is also pleased to announce that Mr. Walter Huang, Senior Vice President and Board Director of China Wind, has been selected as a recipient of the 2010 Outstanding 50 Asian Americans in Business Award in acknowledgment of his accomplishments in serving and investing in the clean energy industry. The annual award ceremony organized by the Asian American Business Development Center will be held on June 10, 2010 in New York City to pay tribute to Asian American business people who demonstrate extraordinary contributions to economic development and exceptional leadership and commitment to making a difference in their communities and the society at large.
"I am proud of our strong management team for their commitment not only to business results and creating shareholder value, but also in contributing to their communities and environment." said Wendell Zhang, Chief Financial Officer of China Wind.
About Heilongjiang Province Wind Power Industry Association
HWPIA is a wind power industry association established by Heilongjiang Province Development and Reform Commission, Heilongjiang Province Industry and Information Technology Commission, Heilongjiang Province Science and Technology Bureau, Harbin Electric Corporation, Harbin Aircraft Industry Group, Harbin Air Conditioning Co., Ltd, and Ruihao Group. HWPIA's mission is to promote wind power development in Heilongjiang Province and assist government in planning and regulating the industry.
About China Wind Power International Corp.
China Wind Power International Corp. is an Ontario company that is uniquely positioned to capitalize on the growing demand for wind power in China. The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, Heilongjiang Province, which has a demonstrated potential installed capacity of 1,150 MW of wind energy developable over an area of 612 square km. While 1,150 MW represents the Company's long-term potential for wind power in the area, its current plans are for building out 546 MW over five development phases. The Company's common shares are listed on the TSX Venture Exchange under the symbol CNW. The Company has approximately 57.3 million shares outstanding.
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Certain statements that are not historical facts made in this press release may be forward looking statements subject to risks and uncertainties. Statements containing words such as "will", "could", "expect", "may", "anticipate", "believe", "intend", "estimate", "plan" and other similar expressions are forward-looking statements that represent management's beliefs at the time the statements are made and are based on certain factors and assumptions including wind farm construction and commercial production schedule, output and capacity, revenue and earnings expectations and market potential. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties involving the availability of financing; fluctuations in currency exchange rates; uncertainties relating to economic and market conditions; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to develop the projects and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the information circular dated May 29, 2009 relating to the Company's reverse take-over with Berkshire Griffin Inc., which is available at www.sedar.com under the Company's profile. Except as required by applicable securities laws, the Company undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made.
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SOURCE CHINA WIND POWER INTERNATIONAL CORP.
For further information: For further information: Wendell Zhang, Chief Financial Officer, China Wind Power International Corp., Tel: (416) 916-4205, Email: email@example.com; Trevor Heisler, Investor Relations, The Equicom Group Inc., Tel: (416) 815-0700 ext 270, Email: firstname.lastname@example.org