VANCOUVER, Jan. 29, 2010 /CNW/ - LGC Skyrota Wind Energy Corp. ("LGC Skyrota" "the Company") (TSX-V: LGS) today reported financial and operating results for the fourth quarter and year ended September 30, 2009. The Management Discussion and Analysis, consolidated financial statements and accompanying notes will be filed to SEDAR and posted on LGC Skyrota's website at www.lgcskyrota.com.
- Revenue from operations totaled (pnds stlg)144,601 (C$256,021) for
the month ended September 30, 2009
- Number of units serviced by LGC, the Company's large wind turbine
maintenance and refurbishment division, increased by 100% to 16 from
a year ago, while its customer base tripled in the same period to
include nine major wind farm developers and operators
"LGC Skyrota achieved solid results in its first period as a public company," said Thomas Braun, President and CEO of LGC Skyrota. "We anticipate sustained growth and strong revenues for our two business divisions as our customer base grows and our position as a key player in the rapidly expanding wind energy industry is established."
About LGC Skyrota Wind Energy Corp.
LGC Skyrota Wind Energy Corp. is a leader in the development and maintenance of clean-energy producing wind turbines. With operations based in Northern Ireland and executive offices located in Vancouver, B.C., the Company is well-positioned to expand throughout Europe and enter the North American market. The Company operates two business divisions: LGC, which rebuilds gearboxes for large wind turbines, and Skyrota, which manufactures a virtually silent small vertical-axis wind turbine. LGC Skyrota trades on the TSX Venture Exchange under the symbol LGS. For more information, please visit www.lgcskyrota.com.
Forward Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. A complete discussion of risk factors is available in the Company's prospectus available on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGC SKYROTA WIND ENERGY CORP.
For further information: For further information: Thomas Braun, CEO, LGC Skyrota Wind Energy Corp., Telephone: (604) 605-1635, firstname.lastname@example.org