Energy Management International, Inc. President Howard Dunn is pleased to announce a developing strategy that will lead the Company toward a diversification in “clean energy.” After months of negotiations surrounding several projects, the Company has entered into a joint-venture agreement with Nova Wind Holdings, Inc.
“In light of intensive escalation in US installation of wind power and the need for Energy Management International to develop additional wind energy expertise, our joint-venture with Nova Wind Holdings will allow us to look at new diversification opportunities without distracting resources from our core petroleum based energy production goals,” Mr. Dunn commented in making today’s announcement. “The Company’s current management team provides the expertise necessary to oversee more than just conventional energy resources including clean energy, specifically wind power generation.”
Bloomberg New Energy Finance, a leading independent expert on renewable energy, is projecting annual global expenditure on renewable energy projects will increase from $90 billion (USD) in 2009 to $150 billion in 2020, with further increase to $200 billion by 2030 given current policy targets.
Energy Management International, Inc, formally known as Gust Engineering and Speed Production, Inc, is positioning itself to acquire North and South American oil and gas production projects and enter into downstream processing design, build, and/or operating agreements in Paraguay, Bolivia, and Argentina. Recently, the Company entered negotiations for the purchase of oil producing properties in central Texas.
DISCLOSURES: “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Energy Management International, Inc.’s filings with the Securities and Exchange Commission. These risks could cause Energy Management Internationals, Inc.’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Energy Management International, Inc.
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SOURCE: Energy Management International, Inc.