CROWNBUTTE Wind Power Announces Board Appointments and New Chief Executive Officer
February 14 2011 - 6:40AM
Marketwired
CROWNBUTTE Wind Power Inc. (OTCBB: CBWP) ("CROWNBUTTE") today
announced it has appointed Mark Schaftlein and Murray Fleming to
its Board of Directors. In addition, Mark Schaftlein has been
appointed as Chief Executive Officer of CROWNBUTTE.
NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC)
("NACEL") acquired the largest stake in CROWNBUTTE on January 26,
2011.
Mr. Schaftlein, Mr. Fleming and Timothy Simons, the founder and
Chairman of CROWNBUTTE, now comprise the Boards of Directors of
NACEL and CROWNBUTTE. In addition, Mark Schaftlein now serves as
Chief Executive Officer of both companies and Terry Pilling, Ph.D.,
as Executive Vice President of CROWNBUTTE and Chief Operating
Officer of NACEL.
CROWNBUTTE developed the first operating wind park in the
Dakotas and most recently, the two-phase 30 MW Diamond Willow wind
power facility near Baker, Montana. Twenty GE 1.5 MW wind turbines
are operating at Baker, which is presently owned by Montana-Dakota
Utilities.
NACEL currently anticipates generating an aggregate 130
megawatts of new wind power upon the commissioning of its Snowflake
project in Arizona and its Leila Lake, Hedley Pointe, Swisher,
Channing Flats and Blue Creek, all located in the Texas
Panhandle.
For more information about CROWNBUTTE and NACEL visit
www.crownbutte.com and www.nacelenergy.com
Notice regarding Forward-Looking Statements
Statements in this press release relating to CROWNBUTTE's plans,
strategies, economic performance and trends, projections of results
of specific activities, and other statements that are not
descriptions or historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number
of factors, which include, but are not limited to, risk factors
inherent in CROWNBUTTE's business. Forward-looking statements may
be identified by words such as "should," "may," "will,"
"anticipate," "expect," "estimate," "intend" or "continue," or
comparable words or phrases. Interested persons are encouraged to
read CROWNBUTTE's Securities and Exchange Commission filings,
particularly its Annual Report on Form 10-K for the fiscal year
ended December 31, 2009 and its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2010, for meaningful cautionary
language disclosing why actual results may vary materially from
those anticipated by management.
Contact: NACEL Energy & CROWNBUTTE Wind Power Investor
Relations 1-888-242-5848
Nacel Energy (CE) (USOTC:NCEN)
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