LGC Skyrota Wind Energy Corp. Reports 2009 Fourth Quarter and Year-End ResultsBy Lgc Skyrota Wind Energy Corp., PRNE
Thursday, January 28, 2010
VANCOUVER, January 29 - LGC Skyrota Wind Energy Corp. ("LGC Skyrota" "the Company") (TSX-V: LGS)
today reported financial and operating results for the fourth quarter and
year ended September 30, 2009. The Management Discussion and Analysis,
consolidated financial statements and accompanying notes will be filed to
SEDAR and posted on LGC Skyrota's website at www.lgcskyrota.com.
Highlights: - Revenue from operations totaled (pnds stlg)144,601 (C$256,021) for the month ended September 30, 2009 - Number of units serviced by LGC, the Company's large wind turbine maintenance and refurbishment division, increased by 100% to 16 from a year ago, while its customer base tripled in the same period to include nine major wind farm developers and operators
"LGC Skyrota achieved solid results in its first period as a public
company," said Thomas Braun, President and CEO of LGC Skyrota. "We anticipate
sustained growth and strong revenues for our two business divisions as our
customer base grows and our position as a key player in the rapidly
expanding wind energy industry is established."
About LGC Skyrota Wind Energy Corp.
LGC Skyrota Wind Energy Corp. is a leader in the development and
maintenance of clean-energy producing wind turbines. With operations based
in Northern Ireland and executive offices located in Vancouver, B.C., the
Company is well-positioned to expand throughout Europe and enter the North
American market. The Company operates two business divisions: LGC, which
rebuilds gearboxes for large wind turbines, and Skyrota, which manufactures
a virtually silent small vertical-axis wind turbine. LGC Skyrota trades on
the TSX Venture Exchange under the symbol LGS. For more information, please
Forward Looking Statements
This news release contains statements and information that, to the
extent that they are not historical fact, may constitute "forward-looking
information" within the meaning of applicable securities legislation.
Forward-looking information may include financial and other projections, as
well as statements regarding future plans, objectives or economic
performance, or the assumption underlying any of the foregoing. Forward-
looking information involves known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or
achievements to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking information. A
complete discussion of risk factors is available in the Company's
prospectus available on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information: Thomas Braun, CEO, LGC Skyrota Wind Energy
Corp., Telephone: +1(604)605-1635, email@example.com
For further information: Thomas Braun, CEO, LGC Skyrota Wind Energy Corp., Telephone: +1(604)605-1635, tbraun at lgcskyrota.com
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