DGAP-News Greenworld Wind Power Co.Ltd. : Greenworld Wind Power to Redomicile to British Virgin Islands

    Nachrichtenquelle: EQS Group AG
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    DGAP-News: Greenworld Wind Power Co.Ltd. / Key word(s): Strategic
    Company Decision
    Greenworld Wind Power Co.Ltd. : Greenworld Wind Power to Redomicile to
    British Virgin Islands

    22.06.2012 / 11:19




    Greenworld Wind Power to Redomicile to British Virgin Islands

    Toronto, Canada - (For immediate release) - June 22, 2012

    Greenworld Wind Power Co. Ltd. (Greenworld Wind): Deutsche Börse symbol:
    GWDA  (www.greenworld wind.ca), announced today that it intends to
    redomicile the Company to the British Virgin Islands (BVI). This will
    change the corporate nature of the Company to an International Business
    Company (IBC), or BVI.

    The Company will benefit from the fact that an IBC is a private corporation
    which is exempt from tax, has a flexible organizational structure, and is
    not burdened by excessive reporting and record-keeping requirements. This
    will reduce administrative costs in addition to the savings obtained by the
    exemption from taxes.

    With more than 600,000 total incorporations and more than 5,000 new
    companies registered each month, a BVI is widely accepted as the best
    opportunity currently available to reduce a corporations´ tax burden.

    The Company will make further announcements at this process progresses.

    Disclaimer & Safe Harbor Statement:

    This release may contain certain ´forward-looking statements´ with respect
    to certain of Greenworld Wind Power Co. Ltd.´s plans, goals and
    expectations regarding its future financial condition, performance,
    results, strategy and objectives. Words such as ´anticipates´, ´expects´,
    ´intends´, ´plans´, ´believes´, ´seeks´, ´estimates´, ´may´, ´could´,
    ´would´, ´might´, ´will´ and variations of these words or similar
    expressions are intended to identify forward-looking statements. In
    addition, any statements that refer to expectations, beliefs, plans,
    projections, objections, performance or other characterizations of future
    events or circumstances, including any underlying assumptions, are
    forward-looking statements. Forward-looking statements in this press
    release are not promises or guarantees of future performance and are
    subject to risks and uncertainties that could cause Greenworld Wind Power
    Co. Ltd.´s actual results to differ materially from those anticipated.
    Greenworld Wind Power Co. Ltd. cautions the reader not to place undue
    reliance upon any such forward-looking statements. These forward-looking
    statements involve known and unknown risks as well as uncertainties,
    including those discussed herein as well as the following: (i) domestic and
    global economic and business conditions; (ii) market related risks and the
    performance of financial markets generally; (iii) the policies and actions
    of regulatory authorities; (iv) the impact of competitive factors; (v)
    risks and uncertainties associated with future acquisitions or combinations
    within relevant industries; and (vi) changes in capital, solvency or
    accounting standards as well as tax and other relevant legislation or
    regulations in the jurisdictions in which Greenworld Wind Power Co. Ltd.
    operates. The actual results that Greenworld Wind Power Co. Ltd. achieves
    may differ materially from any forward-looking statements which are based
    on management´s beliefs and opinions at the time the statements are made.
    Greenworld Wind Power Co. Ltd. does not undertake any obligation to update
    forward-looking statements should circumstances or management´s beliefs or
    opinions change.

    For further information please contact:

    Greenworld Wind Power Co. Ltd.
    100 Consillium Place
    Suite 200
    Scarborough, ON
    M1H 3E3

    Email: info@ greenworldpower.ca

    End of Corporate News




    22.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
    company of EquityStory AG.
    The issuer is solely responsible for the content of this announcement.

    DGAP´s Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de




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    DGAP-News Greenworld Wind Power Co.Ltd. : Greenworld Wind Power to Redomicile to British Virgin Islands



    DGAP-News: Greenworld Wind Power Co.Ltd. / Key word(s): Strategic
    Company Decision
    Greenworld Wind Power Co.Ltd. : Greenworld Wind Power to Redomicile to
    British Virgin Islands

    22.06.2012 / 11:19

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