Attached files
Exhibit 99.1
[SKY HARVEST LOGO]
SKY HARVEST ADDS KEY INDUSTRY EXPERIENCE TO ITS ADVISORY BOARD
April 8, 2014 Symbol: SKYH:OTC Markets
VANCOUVER, BRITISH COLUMBIA - Sky Harvest Energy Corp. is pleased to announce
that it has appointed Jay (Jatinder) Bhogal, Adam Kirchhefer, and Harry Bauskin
to its advisory board.
Mr. Bhogal is the founder, President, and CEO of Vector Asset Management, Inc.,
a Vancouver-based private company involved in identifying, incubating,
financing, and advancing new ventures from concept to commercialization. He has
over 20 years of experience in financing and developing companies in diversified
industries, including online media, information technologies, health services,
medical devices, drug discovery, vaccine production, and conventional and
alternative energy.
At S.A. Kirchhefer Ltd., Dr. Kirchhefer was involved in project management and
the design of various engineering projects. He has also recently accepted the
position of Research Council Officer with the National Research Council of
Canada, a government agency involved in research and technology development. He
holds a Ph.D. in mechanical engineering from The University of Western Ontario
where his thesis focused on aerodynamics, wind tunnel testing, as well as
instrumentation and measurement. Sky Harvest will rely on Dr. Kirchhefer to aid
in the optimal development of our vertical axis wind turbine.
In addition, the Company announces that Mr. Harry Bauskin has resigned as a
director of Sky Harvest Energy Corp. and its wholly-owned subsidiary, Sky
Vertical Technologies Inc., in order to pursue other business interests. Mr.
Bauskin will act as a member of the advisory boards of both companies.
The advisory board of Sky Harvest Energy Corp. now consists of Bertan Atalay,
Martin Bernholtz, William Lister, Orly Brown and the new appointees. The
advisory board of Sky Vertical Technologies Inc. consists of Ronald J. Rickert,
Paul J. Walitsky, and Harry Bauskin.
In connection with the advisory board appointments, Sky Harvest's President,
William Iny, stated, "We are fortunate to have three additions to our advisory
board that provide us with the technical expertise necessary to complete the
commercial development of our vertical axis wind turbine, as well as experience
in fostering and financing new ventures. We believe that we have a complete team
with the ability to take our business plan to fruition."
In connection with the appointments, Sky Harvest has agreed to grant incentive
stock options on a total of 150,000 shares of its common stock with an exercise
price of $0.10 each for a period of five years. In addition, the Company has
agreed to reduce the exercise price relating to 175,000 previously granted
incentive stock options to $0.10.
SKY HARVEST ENERGY CORP.
William Iny, President & CEO
SKY HARVEST ENERGY CORP. IS A UNITED STATES AND BRITISH COLUMBIA REPORTING
ISSUER INVOLVED IN THE DESIGN AND MANUFACTURE OF VERTICAL AXIS WIND TURBINES AND
IN THE DEVELOPMENT OF UTILITY GRADE WIND POWER PROJECTS LOCATED IN SOUTHWEST
SASKATCHEWAN, CANADA.
Safe harbor for Forward-Looking Statements: Except for statements of historical
fact, the information presented herein constitutes forward-looking statements.
Forward-looking statements may include financial and other projections, as well
as statements regarding the Company's future plans, objectives or economic
performance, or the assumptions underlying any of the foregoing. The Company
uses words such as "may", "would", "could", "will", "likely", "expect",
"anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and
similar expressions to identify forward-looking statements. Any such
forward-looking statements are based on assumptions and analyses made by the
Company in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors we
believe are appropriate in the circumstances. However, whether actual results
and developments will conform to the Company's expectations and predictions is
subject to a number of risks, assumptions and uncertainties. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the company to be materially different from those indicated. Forward looking
statements in this press release include the following: that the advisory boards
will provide guidance to its Board of Directors; that the Company will succeed
in the commercial development of its vertical axis wind turbine; and that the
advisory board members' past experience will increase the Company's ability to
successfully accomplish its proposed business plan. Factors which may delay or
prevent these forward looking statements from being realized include that we may
not be able to raise sufficient funds to expand our operations and achieve
commercial development of its vertical axis wind turbine, that we may not
succeed in our current operations, that the Company's ownership of its vertical
axis wind is in dispute and is the subject of current litigation; and that the
Board of Directors may not make use of the advisory services of the advisory
board members or that the members may not provide such services when needed.
Readers should refer to the risk disclosures outlined in the Company's periodic
reports filed from time to time with the United States Securities and Exchange
Commission on EDGAR at www.sec.gov and with the British Columbia Securities
Commission at www.sedar.com.
For further information:
Sky Harvest at 604-267-3041 locally or toll-free 1-877-700-702