CHANTILLY, VA, March 16, 2012 /CNW/ - Catch the Wind Ltd. (TSXV: CTW), providers of optical control systems (OCS) for the wind industry, is responding to the recent trading activity in the Company's shares. The majority of trading activity late last week was the result of the disposition of shares controlled by former president, CEO and chairman of the Company, Philip L. Rogers, and former director of the Company, Alisa Rogers, as disclosed in recent filings made by those parties on the Company's SEDAR profile, and with which parties the Company is currently in a legal dispute. The Company is not aware of any material change in its business or affairs that has not been announced that would account for the recent increase in volume.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Chantilly, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® (OCS) and optical wind sensor.
Catch the Wind serves the commercial market sector for optical based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com or follow us on Twitter at www.twitter.com/CatchTheWindInc.
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.
For further information:
Catch the Wind Ltd.
Vice President and General Counsel
416-815-0700 ext. 253