USA - Mass Megawatts Wind Power, Inc. raises $257,000 in recent private placement

Mass Megawatts Wind Power, Inc., announces that it has recently raised $257,000 in a private placement of restricted shares of common stock. Part of the proceeds have been used to eliminate company debt. The remainder will be used to fuel the future growth of Mass Megawatts, assuring the completion of their goals in a timely manner.

The highest priority of these funds now, is initiating substantial third party verification of the Mass Megawatts Wind Power technology. Proving this new product's long term durability will allow debt financing and more favorable large scale equity financing for future power plants and projects. The next priority is the marketing program. While it is true that minimal long term marketing efforts will be required, there will be an initial start up marketing phase in order to bring the product to the attention of potential buyers. Upon successful third party verification, Mass Megawatts can then begin developing strategic alliances with other wind power developers who have done the initial, more expensive and sometimes complicated steps of zoning, financing and other requirements in the development of much larger commercial wind energy projects.

Recently, Mass Megawatts has developed a new augmenter technology which compared to previously designed augmenters, reduces the amount of construction material in producing wind power generated electricity. This technology allows the company to compete directly with fossil fuel power plants, such as coal and natural gas, even at lower wind locations with respect to traditional wind power plants.