Tallahassee, FL 2/13/12 (StreetBeat) -- Sauer Energy, Inc. ("SEI") (OTCBB: SENY), a developer of home and enterprise scale vertical axis wind turbine (VAWT) systems, announced Friday that the opportunity to purchase City Windmills, Inc., a Delaware corporation, has been declined based primarily on the probable monetary impact to Sauer operations.
Presently, all talks, negotiations and due diligence has been stopped with no further attempts planned to continue with this acquisition.
Full termination is declared and all offers are off the table, including any and all management offers.
"Our shareholders come first. We feel that if we would have continued with this acquisition, our vision and focus would have been changed. The strategies we have planned are sound and our goals attainable. We prefer to stay on our intended path," stated Dieter Sauer, CEO and President of Sauer Energy, Inc.
This transaction did not meet Sauer Energy's due diligence scrutiny. Moreover, this acquisition could not justify the dilution of SENY stock. Devoting full attention to City Windmills, Inc., operations and the liabilities to Sauer Energy attached, did not contain any feasible viability. The operations of Sauer Energy would be impeded instead of enhanced.
"Our sales and vision are strategically compelling and with the strong demand for our product, the necessary value our shareholders require does not need to come from mergers at this time. Our long-term value will be delivered without any further disruptions," Mr. Sauer stated further.
Presently, Sauer Energy is moving forward to completing the necessary short-term goals to have sales this quarter, as planned.
We thank each and every one of you for your loyalty and support. Without you, we would not be where we are. This is a very exciting time and we look forward to seeing WindChargers™ nationwide.
About Sauer Energy
Sauer Energy is a technology developer and manufacturer focused on the emerging renewable energy market. We believe that because it requires few parts, SEI's technology, which provides a new direction for wind capture, will easily scale from residential to small community and up to large industrial scale. The market opportunity for a new, innovative technology is unlimited. Sauer Energy has created the WindCharger™ model to provide a better solution for the use of wind capture for residential or small building use.
The WindCharger™ was one of Sauer Energy's key innovation priorities. With several patents in place, SEI shall engage in manufacturing and commercialization in early 2012, and plans to see a financial return on its investments.