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Microcap & Penny Stocks : Composite Technology (CPTC) -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (33)	3/28/2006 5:16:58 PM
From: Skywatcher	Respond to of 203

indeed...man, this is getting worrisome willing to float more money to buy a company when they ain't sellin' the main product

To: Savant who wrote (33)	4/3/2006 11:35:40 AM
From: Skywatcher	Read Replies (1) \| Respond to of 203

Composite Technology Reports Additional Turbine Reserve Agreement for EU Energy Bringing North American Backorders to $2 Billion Monday April 3, 8:30 am ET IRVINE, Calif., April 3 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) a leading developer of high- temperature, low sag (HTLS) conductors for electric transmission and distribution lines, announced today that its planned acquisition target EU Energy plc (EU Energy), has concluded and announced a frame agreement with Anemos Energy Corporation, to supply 125 DeWind 2 megawatt 60 Hz D8.2 wind energy turbines for their projects over the next 6 years, with first turbines to be delivered in 2007. This contract, valued at approximately $275 million, brings current EU Energy backorders for these D8.2 turbines to approximately $2 billion for delivery through 2012. Subject to complying with securities laws and regulations, shareholder approvals and related diligence, CTC anticipates closing its acquisition of EU Energy in the second quarter of this year. ADVERTISEMENT EU Energy reported that Anemos Energy Corporation is a renewable energy project developer of environmentally responsible power generation projects which utilize renewable resources and produce zero greenhouse gas emissions. Its objectives are sustainable, long term growth while producing economic benefit to the regions which are selected for development. Anemos Energy currently has 8 projects in the planning stages in several Canadian provinces, ranging in size from single turbine installations to large wind farms of over 100 megawatt capacity, and is actively seeking additional development opportunities. EU Energy's announcement quoted: Rob Parsons of Anemos Energy in commenting said, "We are very pleased with the partnership we are developing with EU Energy. The reliability in the field demonstrated by EU Energy's DeWind line of wind turbines was an important consideration for us, and we were very interested in the technical attributes of the D8.2 update. The project we have in the most advanced development stage is situated in a province that has a high proportion of hydro-electric capacity. DeWind's reliability plus the D8.2's synchronous generation and direct grid connection will be valued features with the utility in this jurisdiction. We have also been pleased with EU Energy's willingness to supply machines for any size project, a marked contrast to some of the other suppliers that have minimum order or project capacity requirements. We believe that EU Energy's DeWind product line, its global presence and its line of complimentary energy products make it a significant partner to have in the renewable energy industry, and we look forward to a mutually beneficial long term relationship. CTC's Chairman and CEO, Benton Wilcoxon, has just returned from a week of meetings with EU Energy in Germany. While there he met with EU Energy personnel and engineering teams, inspected one of the recent DeWind D8 turbine installations, toured the manufacturing facilities of a key supplier and met with existing and prospective EU Energy customers from North America. "This trip has confirmed to me the wisdom of the board's decision to pursue the acquisition of EU Energy. Within the industry there is an overwhelming sense of enthusiasm and appreciation for the superior design and performance characteristics of this turbine technology. I met with many across a broad spectrum of this industry and all parties confirm that indeed EU Energy has raised the bar and truly set a new standard for efficiency and reliability. Subject to CTC's continued favorable diligence to complete the anticipated EU Energy acquisition and an aggressive rollout of the EU Energy business plan it would appear that CTC is on track to capture prospective revenues of $40 million, $352 million, and $756 million in calendar year '06, '07 and '08 respectively."