Attached files
| file | filename |
|---|---|
| 8-K - NACEL ENERGY CORP | v207241_8k.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
NACEL
ENERGY REPAYS IROQUOIS CONVERTIBLE NOTE
PHOENIX,
AZ – Wednesday, December 29, 2010 – NACEL Energy Corporation (OTC BB:
“NCEN”) (FRANKFURT: “4FC”) (the “Company”) today confirmed it has repaid in full
the $935,000 amount owed pursuant to the terms of a Senior Secured Convertible
Note originally entered into with Iroquois Master Fund Ltd. of New York on
November 23, 2009 (subsequently amended on April 23, 2010 and July 27,
2010).
For
reference, please see the Company’s Form 8-Ks filed November 27, 2009, April 27,
2010 and July 30, 2010.
About NACEL Energy Corporation (OTC
BB: NCEN)
NACEL Energy is one
of the first publicly traded companies in America exclusively developing clean,
renewable, utility scale wind
energy. The Company currently anticipates generating an
aggregate 130 megawatts of new wind power upon the
commissioning of its Snowflake project in Arizona, in addition to Leila Lake,
Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas
Panhandle. NACEL Energy was founded in 2006 and successfully completed its IPO
in December of 2007.
NACEL
Energy
The WIND POWER COMPANYTM
Notice
regarding Forward-Looking Statements
Statements
in this press release relating to NACEL Energy’s plans, strategies, economic
performance and trends, projections of results of specific activities, and other
statements that are not descriptions or historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is subject to risks
and uncertainties, and actual results could differ materially from those
currently anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in NACEL Energy’s business. Forward-looking
statements may be identified by words such as “should,” ”may,” “will,”
“anticipate,” “expect,” “estimate,” “intend” or “continue,” or comparable words
or phrases. Interested persons are encouraged to read NACEL Energy’s Securities
and Exchange Commission filings, particularly its Annual Report on Form 10-K for
the fiscal year ended March 31, 2010 and its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2010, for meaningful cautionary language
disclosing why actual results may vary materially from those anticipated by
management.
Contact:
NACEL
Energy Corporation
Investor
Relations
1-888-242-5848