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GWND: Acquisition of Biomass Power Company Biotricity Corporation

Posted on: Mon, 20 Jul 2009 16:53:00 EDT

Symbols: GWND

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Ridgeland, MS, JUL 20, 2009 (EventX/Knobias.com via COMTEX) --
GWND | Quote | Chart | News | PowerRating -- By Fain Hughes, fhughes@knobias.com

Global Wind Corporation (GWND) has closed the acquisition of biomass power company, Biotricity Corporation. Biotricity has developed a new combustion technology for the burning of woody biomass to generate electricity.

Biotricity is now the primary operating subsidiary of GWND and will be responsible for all operations. Biotricity will trade under the symbol GWND.

The Company is designing a proprietary Biotricity Power Generator to produce electricity from biomass such as wood chips, sawdust, waste paper, and other organic matter by processing biomass and burning it in a soon to be patented combustion chamber to power a turbine and generate electricity.

KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC.

ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.

If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com

Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx

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