-------- Original-Nachricht -------- Datum: Tue, 23 Oct 2012 16:15:07 +0200 Von: David Mapley <mapley@jm-investmentadvisors.com> An: mapley@jm-investmentadvisors.com Betreff: CITY WINDMILLS UPDATE – USA developments, Listing Prospectus progress and Fund-raising
CW is moving forward with its US business, through its 100% subsidiary City Windmills, Inc. based in Delaware. Product design continues through KMB Design of New Jersey, currently in Phase 1 to deliver Schematic Designs and complete the analysis of applicable US building codes. Production of the Verteclair product has been discussed with Federal Prison Industries/UNICOR, with whom City Windmills has a teaming relationship, and following a meeting last week in Washington DC first stage start-up plans are being compiled. All company filings have been updated for 2011 and 2012, and a Director of Sales, Penny Friesen, has been hired to oversee US Sales. Penny has career experience of managing sales particularly to the government sector, and will interface with Get It Group LLC and other sales people in building nationwide sales channels for CW's product range.
Meanwhile, the Frankfurt Stock Exchange Listing Prospectus is being drafted with Salans LLC, and work on the Group Audit and Financials is set to commence before end of October in the UK.
City Windmills has been successful in recently raising new monies for subscription at Euro 20 cents per share, to fund the above initiatives and provide working capital. Apart from normal trade creditors, the company is debt-free.
For further information, please contact the company on info@city-windmills.com
David Mapley Chief Executive Officer pp City Windmills Ltd. email: mapley@city-windmills.com JM Investment Advisors SA, (Registered as JQS Advisors SA), Avenue Reverdil 8-10, Nyon 1260, Switzerland
Office +41.22.593.6700 Fax +41.22.593.6729 Mobile +41.78.853.7824
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