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(EMAILWIRE.COM, May 28, 2010 ) Sarasota, FL - Forstockinvestors.com companies in the news. Far East Wind Power Corp. (OTCBB: FEWP) announced on Wednesday May 26th that it has entered into a Letter of Intent ("LOI") with Málama Composites ("Málama") of San Diego, California to develop a collaborative agreement towards the production of new environmentally friendly technologies specific to the wind turbine manufacturing sector.
Málama Composites Corporation manufactures proprietary rigid polyurethane foams made from plant-based resins. By utilizing polyols derived from soy, castor, jatropha or even algae, they produce fundamentally new core materials that are strong, light-weight, cost competitive, and far more environmentally sustainable than petroleum-based alternatives.
For more information, visit: http://www.fareastwind.com
On Wednesday May 26th it was announced that "Johnson Controls Inc. (JCI) has offered $1.25 billion to buy bankrupt auto supplier Visteon Corp.Â’s (OTC: VSTNQ) automotive interiors and electronics business in China in order to expand its operations in the country. Earlier, in January this year, the company has approached Visteon for the unit and expressed its interest in a letter last week. However, Visteon has rejected its rival JohnsonÂ’s bid stating that it was vague and missed necessary details. The former subsidiary of Ford Motor Co. (F) has also accused JohnsonÂ’s bid as an attempt to cause a distraction from completing its reorganization in Chapter 11 bankruptcy filing."
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All information provided is this news release must be understood as information provided and not investment advice. The publisher of this news release nor its employees are not registered financial analysts. Investors are cautioned that they may lose all or a portion of their investment in any company mentioned in this news release. In order to be in full compliance with the Securities Act of 1933, Section 17(b); The publisher of this news release has been compensated thirty-five thousand dollars from Paramount Presentation Corp for services on FEWP and we have purchased 800 shares in the open market. Neither the publisher nor any of its affiliates, or employees be liable to you or anyone else for any loss or damages from use of this material provided herein.
For Stock Investors
Thomas Patrick
941-961-5699
wireservicesnews@yahoo.com
Source: EmailWire.com
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