CTW Bluescout Technologies Ltd.

MANASSAS, VA, Nov. 15 /CNW/ -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ MANASSAS, VA, Nov. 15 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers of feed-forward, intelligent utility scale wind turbine performance improvement systems, today announced that it plans to raise up to CDN $10,000,000 by way of a brokered private placement offering of shares and/or units of the Company. Each share will be priced at CDN $0.34.  Each unit will consist of one share priced at CDN $0.39 and one-half common share purchase warrant. Each full-share warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of CDN $0.55 for a period of up to two years from the closing date of the private placement. The net proceeds of the private placement will be used for production optimization of the Company's Vindicator® Laser Wind Sensor, sales, marketing and customer trials, and for general working capital purposes. Jacob Securities has been retained as lead agent and will sell the offering on a best efforts private placement basis. The offering is expected to close on or about November 24, 2010. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and securities regulatory authorities. About Catch the Wind Ltd. Catch the Wind Ltd. is a technology company that develops and commercializes forward looking laser wind sensors and control systems primarily for the wind energy industry. The Company offers retrofit products for existing wind farms, original equipment manufacturers' development and integration programs, and applications for wind assessment. Headquartered in Manassas, Virginia, the company is focused on making renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com. Forward-Looking Information This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of Catch the Wind. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Catch the Wind believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Catch the Wind disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 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. table valign="top" border="0"trtdCatch the Wind Ltd.     br/ Claudia Jaques     br/ Vice President and General Counsel   br/ 703-393-0754      br/ a href="mailto:cjaques@catchthewindinc.com"cjaques@catchthewindinc.com/a   /td td /td td /td td /td tdThe Equicom Groupbr/ Joe Racanellibr/ Investor Relationsbr/ 416-815-0700 ext. 243br/ a href="mailto:jracanelli@equicomgroup.com"jracanelli@equicomgroup.com/a/td/tr/table

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