Powerdyne International, Inc. in Negotiations to Relocate to Larger Manufacturing Facility
21 Maggio 2014 - 1:30PM
Marketwired
Powerdyne International, Inc. in Negotiations to Relocate to Larger
Manufacturing Facility
New Manufacturing Site Offers Better Access, Improved Location
and the Opportunity for Expansion
WARWICK, RI--(Marketwired -
May 21, 2014) - Powerdyne International, Inc. (OTCBB: PWDY), a manufacturing company that
builds and leases electrical generation equipment, today announced
Company President and CEO Dale Euga is in negotiations to relocate
the company to a larger manufacturing facility. The new site
offers Powerdyne a far superior space than its existing facility
since it has a better location and the ability to be built out in
order to accommodate expansion when warranted.
The new quarters, located on the south side of Fall River,
Massachusetts, offers a bigger facility that is attached to an even
larger vacant structure and is industrial zoned with a waterfront
location. It also provides easy street access and
maneuverability for equipment according to Euga.
"The opportunity to offer a better work environment while being
focused on continued growth and the ability to expand within the
same facility providing us with more efficiency is something we are
seriously considering at this time," said Euga. "Positioning
ourselves for the long term while managing our bottom line is vital
to our growth strategy."
About Powerdyne International, Inc.: Powerdyne International,
Inc. (www.PowerdyneInternational.com) is a manufacturing company
that builds and leases electrical generation equipment including
its own portable electrical power generation equipment called
PDIGenset (which is patent and trademark pending).
The PDIGenset is a self contained generator using a modified
radial air cooled aircraft engine to drive a 1-megawatt (MW)
generator. The PDIGenset, runs on natural gas, propane or almost
any gaseous fuel. It is compact, lightweight, clean burning,
produces low emissions and is extremely energy-efficient.
PDIGensets are designed to be installed at virtually any
location. The genset is leased and maintained by PDI. Although the
company's target customer will typically use its PDIGenset to
produce its own primary electrical power, it can be used for
emergency back-up power generation and is useful in any situation
where reliable power is needed.
PDI is founded on the ability to produce primary electrical
power using proprietary technology to power electrical generation
equipment which makes electricity cheaper than existing means of
producing primary electric power. PDI expects that the difference
between its cost of generating electricity over its customer's
current cost will result in substantial savings to the
customer.
For more information on Powerdyne International go
to: www.PowerdyneInternational.com
This release may contain "forward-looking statements" that are
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
reflect the Company's current expectations about its future plans
and performance, including statements concerning the impact of
marketing strategies, new product introductions and innovation,
deliveries of product, sales, earnings and margins. These
forward-looking statements rely on a number of assumptions and
estimates which could be inaccurate and which are subject to risks
and uncertainties. Actual results could vary materially from those
anticipated or expressed in any forward-looking statement made by
the Company. Please refer to the Company's most recent Form 10-K
and subsequent filings with the Securities and Exchange Commission
for a further discussion of these risks and uncertainties. The
Company disclaims any obligation or intent to update the
forward-looking statements in order to reflect events or
circumstances after the date of this release.
Contact: Powerdyne International, Inc. contact@powerdyne.org
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