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NACEL Energy Corporation (OTCBB: NCEN) (Mon, March 31, 2008, 3:00am ET) NACEL Energy Corporation ("NACEL Energy"), an emerging developer and aggregator of wind power generating clean, renewable energy for America, today announced the Company will develop the 20-megawatt Channing Flats wind energy project -- enough new capacity to meet the daily power demands of 6000 homes. Both Channing Flats and the Company's Blue Creek project announced March 19th 2008 are being developed in the Texas panhandle -- one of the premier wind energy corridors in the United States due to the flat topography, constant wind velocity and favorable access to transmission infrastructure. In addition to NACEL Energy, Florida Power & Light, Shell and BP also have wind energy projects underway in the region.
NACEL Energy President Brian Lavery stated:
"The Channing Flats power generation project enhances NACEL Energy's present operations and brings us closer to achieving the Company's primary goal of developing 80-megawatts of new wind power capacity over a 36 month period, thereby increasing enterprise and shareholder value."
In its latest update, The American Wind Energy Association (AWEA) reported that Texas consolidated its lead over California as the nation's number one wind power State, measured by installed capacity. In total, Texas wind farms now generate more than 4356-megwatts of wind power -- enough energy to serve 1.5 million homes. (AWEA, "American Wind Energy Association Market Report," January 2008)
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Puda Coal, Inc. (OTCBB: PUDC) (Tue, April 1, 2008, 9:00am ET) Puda Coal, Inc. (''Puda Coal'' or the ''Company''), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced it has entered into a new contract with Yanzhou Liming Coke and Coal Distribution Ltd. (''Liming'') to supply up to 120,000 metric tons (MT) of cleaned coking coal before the end of 2008, or approximately 12,000 MT per month for ten months.
Liming is a regional leading coke and coal distribution company located in Yanzhou city, Shandong Province. It mainly conducts coke and coal transactions with domestic and international coal users.
''We are delighted to add Liming to our client base. Our increased capacity and advanced mix coal washing technology make Puda Coal an attractive supplier to various coke and steel producers in China,'' said Zhao Ming, Puda Coal's Chairman and Chief Executive Officer. ''Our cooperation with Liming marks our expansion into Shandong province. We plan to increase our penetration in Shandong province and other regional markets to take advantage of the strong demand for cleaned coking coal in China.''
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NewMarket Technology, Inc. (OTCBB: NMKT) (Tue, April 1, 2008, 10:32am ET) NewMarket Technology, Inc. announced a 36% revenue increase in 2007 over 2006 to $40.0 million for its subsidiary in China. Net income from the Chinese subsidiary increased 83% from $542,000 in 2006 to $991,000 in 2007. An SEC Form 10-KSB has been filed reporting on the Chinese subsidiary's 2007 business operations and financial performance.
The Chinese subsidiary represents approximately 40% of NewMarket's overall revenue. NewMarket has filed an extension to complete the consolidated financial report for the entire Company. The SEC Form 10K reporting on all NewMarket's complete business operations in 2007 will be filed prior to the earnings Webcast scheduled for this Friday, April 4, 2008 at 4:30 p.m. EDT.
Earnings Webcast Friday, April 4, 2008 at 4:30 PM EDT to Review Anticipated 2007 Strong Organic Revenue Growth and Net Income Results
Philip M. Verges, CEO, and Philip J. Rauch, CFO, will conduct an audio Webcast on Friday, April 4, 2008 at 4:30 p.m. EDT to discuss the Company's 2007 annual report. NewMarket Technology recently announced that the Company anticipates their annual report for 2007 on Form 10K to reflect strong organic revenue growth and net income results.
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