Las Vegas Company Acquires Chinese Windmill Company

Dakshidin Corporation, Las Vegas, NV (OTC: DKSC.PK) announced that it has finalized the purchase agreement with Kensam Echo-Tech Services Co. Ltd. (Kensam) in the province of Yunnan, China and acquired the controlling interest of this firm.

Kensam in the first stage of developing and manufacturing two electric windmill types -- one being a 30kw low wind speed model and the other a 250kw modified Darius style. This Darius style windmill is anticipated to be as much as 25% more efficient than the current wind turbines in use today.

Restec (a subsidiary of Dakshidin)/Kensam has committed a significant percentage of production to an undisclosed company to develop a new 40-megawatt wind farm in China. The initial number of windmills that will be required is anticipated to be in excess of one thousand units. The wind farm electricity purchase rate has already been negotiated with the Chinese Government.

Kensam will facilitate the marketing and development of the Restec Mark 10 water-pumping windmill and shall commit to initially purchase twenty windmills from their licensed manufacturer for resale within the Chinese and Asian markets.

RESTEC claims that its windmills, through an innovative design, pump more water at a lower cost, at any depth, in any wind speed, as low as 4 mph, than any other windmill in the world. This design enables the Company to pump other fluids such as crude oil, thus potentially opening major markets for Dashing.

One of Rester's goals is to be able to provide coastal regions with a windmill unit that is capable of desalinating ocean water for communities. Using only the renewable and sustainable power of the wind and no other external energy sources involving fossil fuels, RESTEC will be able to provide a turnkey solution to water starved coastal and island communities.

The RESTEC windmill, although primarily used to pump water, through R&D efforts RESTEK is developing the ability to generate electricity as well as provide fresh drinking water by using either flash distillation or reverse osmosis. The Restec Mark 11 windmill will be able to generate electricity.

A US company buying a Chinese company, this seems the reverse of the trend. Dakshidin seems to be another of those companies that doesn't have much substance, although it has purchased both Kensam and Restec. I couldn't find a website for Dakshidin, the company apparently has undergone name changes and a change in business orientation.  Not a good bet until they have a track record.

Comments

[Per Stenvall]

Thanks for the interesting article. One comment though: US companies buying Chinese companies is the trend. There are very few outbound Chinese M&A cases. Most US acquisitions of Chinese companies go under the radar because they are smaller and middle market transactions.

[Starjets]

Dakshidin is now gaining traction as shown on its recent stockprice appreciation.
The market has Dakshidin on radar now because the potential of this company is phenomenal.
The fact that $51 million worth of contracts have been recently signed and that production of 1000 winmills per month is targeted in less than 18 months from now makes this company an excellent investment...if you can grab some shares ( DKSC,Pink sheets) because of a tight float!
Check their website : www.dakshidin.com

[Dan Pasch]

I am begginning to wonder who really has the patent to the Mark 10 or 11 Windmills. If anyone knows please email me.

[don bartell]

Wind Turbines produce FREE power!

It is environmentally safe to use. \

try this wind power at your very own homes..

thank you and check it out..

http://www.windpowercost.org/
http://www.windpowercost.org/
http://www.windpowercost.org/

[Drilling Fluids]

The dissolving process is highly exothermic and rapidly produces temperatures of around 60 °C (140 °F). In this capacity, it is known as a drying agent or desiccant. It is converted to a brine as it adsorbs the water or water vapor from the substance to be dried: