Skye owns the proprietary technology and equipment to an oil and gas paraffin treatment process. As pioneers in paraffin treatment, we are the only company known for suspending paraffin in the formation. Our proven technology substantially increases the production of currently-producing wells. The use of this technology helps to prevent off-set drilling of new wells, therefore having a positive environmental impact. In addition to providing paraffin control services to other companies, Skye intends to acquire, operate and treat our own producing wells on behalf of our shareholders.

Operation Statement

Skye owns the proprietary technology and equipment to an oil and gas paraffin treatment process. As pioneers in paraffin treatment, we are the only company known for suspending paraffin in the formation. Our proven technology substantially increases the production of currently producing wells. The use of this technology helps to prevent off-set drilling of new wells, therefore having a positive impact on the environment. In addition to providing paraffin control services to other companies, Skye intends to acquire, operate and treat its own producing wells on behalf of our shareholders.
Skye petroleum, a publicly traded corporation, has developed a unique and pro-active approach in dealing with the decades old problem of paraffin issues in today’s oil wells. This new, proprietary chemical treatment has been both lab tested and field-tested in wells in the states of Texas and Colorado, as well as multiple wells in Canada.
Many of today’s wells are experiencing flow assurance problems that create costly flow blockages in oil production. Paraffin is a heavy organic produced by petroleum fluids. These paraffin deposits exist in crude oil in various quantities and forms. During the oil production process, paraffin will precipitate or crystallize into solids when temperature or pressure drops. The flow of oil will decrease as a result of blockages in the walls of the tubulars and the reservoir surfaces when these heavy solids prevent its designed flow. These heavy organics can cause a restriction throughout many areas.
Skye Petroleum’s cutting edge treatments for paraffin issues are leading the way to greatly increase production in America’s oil wells.
Skye Petroleum has a three part plan approach in generating revenues for the company. Plan 1, will be to share the increased production that our treatment brings to the well (50% of the wells increase paid to Skye). Plan 2, will be to sell licensing agreements to larger production companies that have large oil reserve holdings. Plan 3, will be to own and operate fields for Skye Petroleum, on behalf of our shareholders. We are currently approaching both the small oil companies as well as the major oil companies with our product. We will generate revenues using a different approach to each group. Skye Petroleum has received great interest from both the major oil companies as well as the smaller oil producers, as they are all having significant problems with paraffin and asphaltenes.
Our approach to the smaller oil producers is to negotiate a sharing arrangement on the increased production that our products provide. Skye will improve the well infrastructure and apply our protocol for paraffin. Skye will be paid on a percentage of the increase in barrels of oil produced after treatment. For example, if a well is producing 15 BBL per day, after treatment production increases to 45 BBL per day. Skye will be paid 50% of the increase, or 15 BBL per day, as long as the well is being treated.
Our approach to the major oil companies will be for licensing agreements/consulting fees based on a total of wells serviced and overall oil production. Skye will also negotiate a royalty agreement on the percentage of increase our products create.
Lastly, we intend to purchase oil producing fields for Skye Petroleum, and apply our own technology to these wells.
We believe Skye has the only pro-active treatment process, as opposed to a reactive approach to the paraffin issues that are confronting oil producers worldwide.
Thus far there has been no “magic bullet” to the paraffin issues confronting these oil producers. But Skye Petroleum’s proactive treatment of keeping the paraffin “in suspension” will have a major impact worldwide.
Oil Well Example:Eagle Ford Shale, the Woodbine formation (7,000’) the average amount of solution required to treat well = 1 liter per 3 days in slip stream application circulated down the casing and back up the tubing. Thus keeping the paraffin in “solution” and not forcing the paraffin and oil back down hole as with hot oil treatment or scraping. The suspension process is of great benefit to the formation as it actually brings the paraffin out of the “producing zone” and into the tank batteries/pipeline and out to the refinery. With conventional treatment i.e., hot oiling, scraping and chemical treatment most of the treated paraffin ends up back in the production zone (formation) causing a thickening of the of the crude ( an increase of solid over liquid down hole) therefore making retraction of the crude much more difficult (decreased production).
In conclusion, the vast majority of the oil wells in America were drilled pre 1980 using antiquated technology for completion of oil productive zones. Much of this “antiquated” technology is still being used today for well maintenance and treatment. Skye’s solution systems utilize the latest in chemical and equipment technology allowing greater recovery from older oil zones.

SOURCE: http://www.skyepetroleum.com

ZHANJIANG, China, July 15, 2010 (GLOBE NEWSWIRE) — Welwind Energy International Corp. (OTCBB:WWEI – News) (the “Company”) announces that management from Welwind’s China office recently travelled to Hohhot, Inner Mongolia, China on July 4, 2010. The company successfully completed negotiations to acquire an 80% interest in a 300 MW, large scale, wind energy project.

Inner Mongolia Test Power Ltd. and Welwind Energy have signed a Letter of Intent (“LOI”) for 80% ownership and future expansion rights in the Inner Mongolia Wind Turbine Complex 300MW Wind Farm Project (“MWTC”). MWTC is located in Wu Lan Cha Bu City, Inner Mongolia Autonomous Region.

The potential capacity of the joint venture project is 1000MW. Phase 1 is an existing 49.5MW windfarm project with a 50 year renewable PPA issued in 2008 and has 6 test turbines erected. There is a 70 meter anemometer tower in Huitengxile, and a second 70 meter tower in the east, about 4 km away from the first tower. Anemometer towers remain in place to continue collecting data for future expansion purposes. All testing equipment is from NRG Systems, the industry leader in the wind measurement field. Data reports of average yearly wind speeds in this area are approximately 9.6m/sec, which is one of the best documented sites to build a windfarm in China.

In the signed LOI, Welwind agrees to/shall:

• arrange debt financing.
• oversee construction, operations and management of the windfarm project.
• provide technical support for the project, including the latest international wind energy research, wind turbine equipment manufacturing and windfarm construction.

“Negotiations for this joint venture project have been underway for more than one year and we are excited to be at the point of signing a letter of intent. This is by far the largest and most impressive wind energy project that Welwind has pursued to date,” says Mr. Zhigao Zeng, Director of Welwind Energy International. “We would like to thank the shareholders of Welwind Energy for their continued support and patience as we work on building the company’s portfolio,” says Mr. Junyi Feng, Director of Welwind Energy, China Operations.

ABOUT INNER MONGOLIA TEST POWER LTD.

Inner Mongolia Test Power Co., Ltd, is invested jointly by Inner Mongolia Lenon New Energy Co., Ltd and Inner Mongolia Meng Neng Energy Designing and Consulting Co., Ltd. The company employs 28 professional and technical personnel. The core business of the company is to provide testing and certification for the wind turbine generator systems. The company is also involved in the development of large scale windfarm projects. The company owns and operates Inner Mongolia Wind Turbine Generator System Complex Testing Park in Cha Ha Er You Yi Hou Qi, Wu Lan Cha Bu, Inner Mongolia, which is a windfarm of testing and certificating the wind turbine generator system for manufacturers. The certification is issued by China Electric Power Research Institute (CEPRI), allowing the company to promote the development of wind power and generator manufacturers of Inner Mongolia.

http://www.testpower.cn/english/nmgqygk1.html

ABOUT WELWIND

Welwind Energy International Corp. 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. 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 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 this news release.

Source: http://finance.yahoo.com/news/Welwind-Energy-International-pz-2375843344.html?x=0&.v=1

GROWTH believes the acquisition endows the Company with a portfolio of technologies with transformational potential. GROWTH’s business plan is to commercialize, license or sell the technologies as they mature. In connection with the LABS acquisition agreement, the Company granted Bulova Technologies Group, Inc. a first right of refusal with respect to defense technologies.

The technologies are concentrated in the following fields:

Defense
Alternative Energy
Alternative Healthcare
Healthcare Information
Construction and Building Materials

To date, there have been substantial investments in these technologies. The Company believes the future investment needed prior to commercialization, licensing or sale will not represent a significant financial burden.

About Growth Technologies International, Inc.

Headquartered in Clearwater, FL, Growth Technologies International, Inc. focuses on disruptive technologies in the fields of defense, alternative energy, alternative healthcare, healthcare information, and construction and building materials. The technologies have in common a focus on improving not only the business model but also on improving quality of life and sustainability.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management.

SOURCE: http://www.marketwatch.com/story/growth-technologies-international-inc-acquires-bulovatech-labs-2010-06-29?reflink=MW_news_stmp

MetaPower International’s revenues for the quarter ending March 31, 2010 were $2,559,110, an increase of 18% over Q1 2009 which were $2,160,701. This result was a 44% increase over Q4 2009 revenues of $1,773,710. The Company’s earnings (EBITDA) for Q1 2010 were $460,861. This was a 126% increase over the $204,355 earnings (EBITDA) posted in Q1 2009 and an increase of 186% over Q4 2009 earnings (EBITDA) of $161,379.

MetaPower International continued to increase their revenues and profits in the first quarter. The President’s message accompanying the report outlines the progress the company is making toward the financial performance goals for 2010. Mr. Allen also reports that the October 2010 release for the new VPP Product is on schedule.

“We had a great quarter. Revenues recovered from the downturn with improved profitability. We are confident that our business in the Oil Sands is secure for the next several years. We are extremely excited about the release of our new product. This will have a major impact on our performance in 2011. We have also progressed on the completion of our audit. We expect next quarter’s report to be audited financials,” stated Ken Allen, President of MetaPower International, Inc.

To view the entire unaudited annual report, please go to

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=33238

About MetaPower International, Inc.:

MetaPower International, Inc. is a technology and services firm originally founded in 1996 that provides information technology and change management services to hazardous process industries. This link between technology and services is critical to manage the changes necessary to successfully compete in the current environment. In today’s world, business operations must be streamlined to meet the challenges of these turbulent economic times.

This press release contains “forward-looking statements.” Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: http://www.marketwatch.com/story/metapower-international-inc-increases-q1-2010-revenue-by-18-percent-as-compared-to-q1-2009-as-stated-on-pinksheetscom-2010-06-29?reflink=MW_news_stmp