Mass Megawatts Maintains Improved Financial Condition
WORCESTER, Mass., Sept. 1 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) will report in its next financial report that the cash continues to be sufficient for achieving its goals in a timely manner. Recently, Mass Megawatts raised enough funds to eliminate most of its debt. Mass Megawatts, a company with less than ten million shares issued and outstanding, continues to avoid a severe cash flow problem experienced in recent years by the Company. Without the burden of cash and debt issues, Mass Megawatts is in position to complete the goals related to product development and the preparation for mass production of their MAT wind turbines. Once independent, third-party verification of the latest technology of the "Wind Prism" is completed, Mass Megawatts can effectively expand the marketing of their product as having a competitive edge over other wind technologies.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power, Inc.'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, Inc. 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, Inc.
SOURCE Mass Megawatts Wind Power, Inc.
Share this article