AUSTIN, TX -- (Marketwire) -- 06/05/12 -- Building Turbines, Inc. (PINKSHEETS: BLDW) proudly announces that the company has completed a strategic alliance with Houston-based Eco-Wind Solutions, Inc. (EWS). The full terms of the agreement will be disclosed at a later date. However, the business combination the two entities have agreed to pursue is to be structured as a joint venture.
BLDW and EWS have continued to move forward because of the respective synergies of their product lines and sales staff. In completing this agreement both companies will remain true to their long-term goals while having access to each other's products and sales teams. The new alliance terms will allow for each company's management team to maintain their independence and provide each company with the means to push forward with long-term goals.
John Graham, Building Turbines' CEO, stated, 'We feel we've arrived at the true sweet spot of this combination. Building Turbines will continue to work closely with EWS and their staff to continue sales of all product lines for both companies, without the need for any cumbersome 'trial and error' management shakeups. We are excited to have completed the agreement and to move forward with our respective goals in both commercial and residential roof-top turbine systems.'
EWS CEO William O'Rourke: 'EWS is excited to be joining Building Turbines, Inc. as a strategic partner in the wind energy business. EWS, along with Building Turbines, Inc., is enthusiastic about the expansive footprint being created by both companies. Both companies are currently working with major corporations nationally and internationally.' For more Information on EWS please visit: www.ecowindsol.com
About Building Turbines, Inc.
Based in Austin, Texas, Building Turbines, Inc. is a renewable energy company focused primarily on designing, manufacturing and deploying revolutionary rooftop mounted horizontal-axis wind turbines. For more information visit their website at www.buildingturbines.com, or email them at email@example.com.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as 'believes,' 'expects,' 'potential,' 'plans,' 'suggests,' 'may,' 'should,' 'could,' 'intends,' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
John F. Graham, Sr.