SAN DIEGO, June 12, 2008 (PRIME NEWSWIRE) -- Ludlow China Ventures, Inc. upgrades its research opinion on Welwind Energy International Corp. (OTCBB:WWEI), a producer and operator of wind farms in China, with a 'speculative' B+ rating and near term price target of $0.60 per share.
COVERAGE SUMMARY
Mark Blackwell, alternative energy research analyst with Ludlow Energy Ventures, commented, "The recent approval of applications made to the Military and the Guangdong Provincial Oceans and Fisheries Bureau should now open the door for the company to finalize a power purchase agreement (PPA) with the Chinese government. Once issued, this will open the company to further PPA agreements as the Chinese government pushes for more 'green' energy solutions in the PRC. Thus, Ludlow China Ventures has upgraded its research coverage on WWEI, with a 'speculative' B+ rating and a near-term price target of $0.60-$0.70 per share."
For a link to the full investment opinion, and risks associated with this company, visit http://www.ludlowchina.com/reports/wwei.htm
About Ludlow China Ventures, Inc
Based in New York City, Ludlow China Ventures is a venture capital and research firm with a specific focus on the Chinese market. Ludlow China owns and operates the Ludlow China Indices, which tracks a wide basket of US traded large and small cap Chinese stocks. www.ludlowchina.com
ABOUT WELWIND
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and Governmental consumer. The Company is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations. For more information, please visit www.welwind.com
The Welwind Energy International Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.