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December 10, 2007
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NaiKun Wind Energy Group Inc.: Noted Canadian Entrepreneur Joe S. Houssian and
First Nations Expert Fred Dabiri Join NaiKun Board
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) - NaiKun Wind Energy Group Inc. ("NaiKun") (TSX VENTURE:NKW) is pleased to announce the election of Canadian entrepreneur, Joe S. Houssian, and First Nations expert, Fereydoun (Fred) Dabiri, to its board of directors.
NaiKun Wind Development is proposing one of the world's largest offshore wind farms, a five-phase, 1,750 MW renewable energy project. Currently, first phase (320 MW) is under development for submission in BC Hydro's 2008 Clean Energy Call.
One of Canada's best known entrepreneurs, Mr. Houssian, has extensive experience in business development, growth and operations. Mr. Houssian founded Intrawest Corporation, a world-class developer and operator of luxury mountain, golf and beach resorts. Intrawest's operations and ancillary businesses included Abercombie & Kent that operate in 100 countries. When sold in 2006, Intrawest employed 25,000 people with annual revenues over $1.5 billion. Currently, Mr. Houssian is Chairman and founder of Intracorp Capital, an urban real estate development company. He has also served on the boards of Versacold and Lions Gate Entertainment.
Said Michael C. Burns, Chairman and CEO of NaiKun Wind Energy Group Inc., "Joe has a proven track record in development and project management and is widely recognized for his ability to transform ideas into operational and profitable enterprises. We are fortunate to gain his interest, commitment and guidance."
Mr. Houssian added, "The NaiKun offshore wind project has enormous, long-term potential. The management team have already accomplished a great deal including aligning with industry leaders, experts and First Nations. I am eager to work with their team to develop Canada's first offshore wind project."
Fereydoun (Fred) Dabiri, P. ENG, is President and CEO of David Nairne + Associates of North Vancouver BC. For last 15 years he has led and co-ordinated the company's team of architects, engineers, economic development strategists and project planners on commercial, residential and community developments. He has worked with over 125 First Nations across Canada on various projects including schools, museums, hospitals, cultural, recreational and health centres, casinos, waste treatment plants, firehalls and government buildings.
Mr. Dabiri has served as a director of NaiKun Wind Development Inc., a wholly owned subsidiary of NaiKun Wind Energy Group Inc. His unique expertise has been integral to the project's progress and his role in development will continue.
"Mr. Dabiri has developed a deep and trusting relationship with First Nations in British Columbia and has earned a reputation for delivering win-win results," said Mr. Burns. "Fred has already contributed significantly to the development phase of the project and we know he will do the same with NaiKun Wind Energy Group Inc."
"The NaiKun project has an unparalleled opportunity to develop a long-term, sustainable industry for northern British Columbia, and I look forward to furthering my contribution to its development," said Mr. Dabiri.
NaiKun Wind Energy Group Inc. board member Larry Blonde will step down from his appointment effective December 6, 2007. "Larry's long term contributions to Uniterre, NaiKun's predecessor, made it possible to move forward with clean energy development. His commitment and foresight helped NaiKun become the exciting and dynamic company it is today. Since joining the board in 2001his guidance and knowledge have been very much valued," concluded Burns.
NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) is a Vancouver-based energy company that has traded on the TSX Venture Exchange (and its predecessors) since 1967. Since 2000, the company has focused on renewable energy. Its subsidiary, NaiKun Wind Development Inc., is engaged in the development of a major offshore wind project off the coast of British Columbia in an area known as the Haida Energy Field. Interested parties are invited to visit the company's website at www.naikun.ca.
If you no longer wish to receive updates from NaiKun, please email smacintyre@naikun.ca with "unsubscribe" in the subject line.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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CONTACT INFORMATION:
NaiKun Wind Energy Group Inc.
Sara MacIntyre
Director, Public Affairs and Communications
(778) 868-4363
Email: smacintyre@naikun.ca
Website: www.naikun.ca
or
Contact Financial
Pete Murray
Investor Relations
1-866-689-7422
Email: pete@contactfinancial.com
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INDUSTRY: Energy and Utilities - Alternative Energy
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