NACEL Energy Announces Officer and Director Investments in Company
June 20 2011 - 6:15AM
Marketwired
NACEL Energy Corporation (OTCQB: NCEN) (PINKSHEETS: NCEN)
(FRANKFURT: 4FC) ("NACEL" or the "Company") today confirmed its
CEO/CFO, Mr. Mark Schaftlein, purchased 169,600 shares of the
Company's common stock in the open market last week. Mr. Schaftlein
now personally holds a total 549,600 shares of NACEL and is the
beneficial owner of a further 1,000,000 shares of the Company.
Additionally, last week, Mr. Murray Fleming, a Director of
NACEL, invested an additional $100,000 in the Company. Mr.
Fleming's personal cash investment in NACEL, in the form of a
simple line of credit extended to the Company, now totals $560,753.
Use of proceeds will be announced by NACEL at a future date. In
addition, Mr. Fleming holds a total of 2,000,000 shares of the
Company.
NACEL's Board of Directors issued the following
statement: "The Board of Directors and management team are
committed to the long term success of NACEL. Over the last 12
months, the new management team, led by Mr. Schaftlein, has retired
$1.34 million in outstanding debt. In addition, NACEL has acquired
two blocks of the common stock of Crownbutte Wind Power
(Crownbutte) and today, is its largest shareholder. Crownbutte owns
three wind projects, Gascoyne 1, Elgin and Wibaux, located in North
Dakota and Montana, with utility interconnection agreements signed
or pending this year -- meaning these wind projects are
construction-ready this year, in 2011."
NACEL cautions there are many risks and uncertainties related to
the wind power business. One important risk is securing turbine
financing. There are no assurances any turbine financing agreement,
which is essential for the construction of a wind power project,
can be finalized. There are also other important risks inherent in
the wind power business, which NACEL shareholders, potential
investors and other interested parties can review online at
www.sec.gov.
About NACEL Energy Corporation (OTCQB:
NCEN) NACEL is one of the first publicly traded companies in
America exclusively developing clean, renewable, utility scale wind
energy. The Company currently anticipates generating an aggregate
300 megawatts of new wind power upon the commissioning of the
Gascoyne II project in North Dakota, together with the Company's
Leila Lake, Hedley Pointe, Swisher, Channing Flats and Blue Creek,
all located in the Texas Panhandle. NACEL was founded in 2006 and
successfully completed its IPO in December of 2007. NACEL is the
largest shareholder of Crownbutte Wind Power Inc. (OTCQB: CBWP) of
Mandan, North Dakota.
NACEL Energy The WIND POWER COMPANY™
Notice regarding Forward-Looking Statements
Statements in this press release relating to NACEL Energy'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 NACEL Energy'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 NACEL Energy's Securities and Exchange Commission filings,
particularly its Annual Report on Form 10-K for the fiscal year
ended March 31, 2010 and its Quarterly Report on Form 10-Q for the
quarter ended December 31, 2010, for meaningful cautionary language
disclosing why actual results may vary materially from those
anticipated by management.
Contact: NACEL Energy Investor Relations 1-888-242-5848
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