TEL AVIV, Israel, January 26, 2015 /PRNewswire/ --
WERPO (OTCBB: BBRD) is announcing its partnership with
SEEDSOWERS INVESTORS AND DEVELOPERS CO. in the Caribbean and Americas, with possible further
expansion.
WERPO signed the final JV (Joint Venture) agreement with
SEEDSOWERS. Mr. Hugh V Jarvis, president/CEO of SEEDSOWERS, will be
WERPO's local representative in the following territories of the
JV: Canada, Florida (US), Anguilla, Dominica, Grenada, Trinidad, Tobago and Suriname. In the first stage of the
JV, 5 million dollars will be
invested into a subsidiary of WERPO and SEEDSOWERS, yet to be
erected. This investment capital is to be raised by SEEDSOWERS over
a period of 24 months. In addition, in the first stage of the
agreement, both parties are committed to implementing a 2 MW plant
in the allotted territory and expand this sea-wave energy project
in the second stage of the partnership to a minimum of 5 MW.
Wave energy is one of the most underused resources we have
available to us today and in the Caribbean and Americas this is glaringly
obvious. WERPO's and SEEDSOWERS' goal is to utilize this resource
and save the region from future destruction stemming from fuel
burning.
About SEEDSOWERS:
SEEDSOWERS INVESTORS AND DEVELOPERS CO. Ltd is a trading and
investment company, based in Antigua
& Barbuda. They operate through partnerships with
various contractors in a vast array of projects, including water
supply and treatment, housing construction and development, energy
and more. Mr. Hugh V Jarvis, president/CEO of SEEDSOWERS, has been
in close contact with WERPO's representatives and will continue to
be WERPO's focal contact in the territory allotted for the duration
of the JV. This partnership will rely on SEEDSOWERS connections
with governments and local businesses to facilitate the
implementation of WERPO's sea wave energy solution.
SEEDSOWERS will ensure WERPO's projects in the region will
stimulate the local economy - utilizing the local economy is
imperative and job creation is another goal, alongside supplying
clean energy.
About WERPO, sea wave energy technology:
WERPO, having received the rights for all of SDE Ltd's
technology, property, know-how, IP (patents, et al), contracts and
subsidiaries, is able to promote its sea wave energy solution
around the world.
WERPO's unique technology is based on
the utilization of sea waves' rise and fall to yield hydraulic
pressure that produces electricity, while exploiting the full
potential of wave speed, height, depth and currents beneath the
surface of the water. With this technology, chosen number one in
its field by an independent team of scientists
from PESWiki and also as one of the top 100 renewable
energies
(http://peswiki.com/index.php/Directory:S.D.E._Energy_Ltd.), WERPO
can aid the prevention of future global disasters.
WERPO's system is unique in its
durability and low maintenance costs, making it the best possible
solution for a renewable energy source.
Forward-Looking Statements
This news release contains
"forward-looking statements," as that term is defined in Section
27A of the United States Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Statements in this press
release that are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future.
For further information please
contact :
Maximum Performance Advisors, Inc.
+1-858-381-4677
shareholders@werpo.us
SOURCE WERPO