Dakshidin Corporation Announces Major Agreement
October 26 2010 - 2:00PM
Marketwired
Dakshidin Corporation (PINKSHEETS: DKSC) is pleased to announce
that an agreement in principle has been reached with RESTEC LLC
which will allow the company to continue advanced negotiations
currently in progress.
"This is a very busy and exciting time for us," stated John
Alexander van Arem, acting President of Dakshidin Corporation.
"This agreement is extremely important for us and it should be the
springboard Dakshidin has been waiting so long for. It could also
be instrumental in moving us forward with other ongoing discussions
that are in various stages of completion. We could not be
happier!"
He continued, "Not only does this clear the way for us to
continue and complete present negotiations but it also opens up
several other avenues that we are interested in pursuing."
RESTEC LLC holds patents on the only proven low wind-speed water
pumping windmills currently available worldwide. Independent tests
have shown that this technology is more than twice as efficient as,
and significantly more cost effective than, traditional windmills.
Furthermore, because they are able to operate efficiently in
wind-speeds as low as 4mph, they can be utilized in areas where
traditional windmills simply cannot function.
Mr. van Arem further stressed that, as outlined in a previous
press release, this will have no impact on the number of shares
outstanding.
Dakshidin Corp will continue to update shareholders as events
unfold.
Forward-Looking Statements: The information in this press
release includes certain "forward-looking" statements within the
meaning of the Safe Harbor provisions of Federal Securities Laws.
Investors are cautioned that such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties, including
the future financial performance of the Company. Although the
Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements
will prove to be correct. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date of this release, and the Company undertakes no obligation
to update publicly any forward-looking statements to reflect new
information, events, or circumstances after the date of this
release except as required by law.
Dakshidin Corporation John A. van Arem 1-888-250-6601
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