WORCESTER, Mass., Jan. 16, 2013 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announces an initial geographical market for its plan to sell augmented wind power systems within the next few months. The target market is Massachusetts, New York and Connecticut. The new wind power unit is designed to reduce the cost of electricity by utilizing a less complicated and inexpensive wind-focusing technique to increase the wind velocity directed at the turbine.
In December 2012, affordable, green energy was made available for consumers in the Northeast region of the United States. The company offers electric power at competitive rates to commercial and residential electricity users in several states, including Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Delaware and Illinois. Mass Megawatts recently expanded into the retail electrical market as a logical, strategic progression that diversifies their business model while improving future earnings potential.
In other news, Mass Megawatts began a sales program in Colorado for a wind powered water pump and wind electric generator with the marketing efforts geared toward agricultural facilities, farms, and ranches.
With its patented, wind augmentation system, a new retail sales business, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production of its new augmentation units in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power's ability to produce a cost-effective wind energy conversion device. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power. Additionally, Mass Megawatts Wind Power stock quote and Mass Megawatts stock price may be impacted by global condition. Mass Megawatts Wind Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
SOURCE Mass Megawatts Wind Power, Inc.