Wind Energy America Inc. (OTCBB: WNEA) today announced that it has
elected Paul R. Knapp, Sr. to its Board of Directors. Mr. Knapp is
President and CEO of Space Center Ventures, a St. Paul, Minnesota-based
venture capital fund which invests in emerging Twin City companies. He
has served on the Boards of a number of private and public companies,
and currently serves as a Director of Minneapolis-based Venture Bank.
Mr. Knapp is a 1982 graduate of The College of St. Thomas and a 1985
graduate of William Mitchell College of Law.
WNEA Interim CEO Darrel Kluge commented “Our
Board of Directors is delighted to welcome Paul Knapp to the Board. We
expect to take full advantage of Paul’s
substantial finance experience and his extensive experience with high
growth companies.”
Mr. Knapp said: “I believe WNEA is well
positioned to take full advantage of the very promising opportunities
presented by the rapidly expanding wind energy industry. I support the
Company’s objective of building a world class
company and generating shareholder value over the long term.”
About Wind Energy America: WNEA is
a Minnesota-based wind energy development company. It owns the developer’s
interest in 54 megawatts of completed utility-scale wind farms and has
1,200 megawatts in its pipeline for future development. The company also
owns a significant minority stake in Navitas Energy Inc. (the U.S. wind
power development subsidiary of Gamesa Energia S.A. of Madrid, Spain).
Gamesa is one of the world’s largest wind
turbine manufacturers.
WNEA’s mission is to aggregate a portfolio of
wind farm assets through development as well as acquisition. The WNEA
development team has more than 15 years’
experience building more than $300 million of wind farms.
This press release contains “forward-looking”
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are based on the
Company’s current expectations and involve
known and unknown risks, uncertainties, or other factors which may cause
actual results, performance or achievements of the company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance on those
forward-looking statements, which speak only as of the date hereof. The
company undertakes no obligation to release publicly any revisions to
these forward looking statements to reflect events or circumstances
after the date hereof or to reflect unanticipated events or developments.
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