Dakshidin Corporation Announces Agreement to Acquire Daxin Windmill Co. for Expansion to Meet China's Growth Demand

Fri Sep 26, 2008 4:19pm EDT

* Reuters is not responsible for the content in this press release.

  LAS VEGAS, NV, Sep 26 (MARKET WIRE) -- 
Dakshidin Corporation (PINKSHEETS: DKSC) (FRANKFURT: 4LQ), producers of
the world's most powerful water pumping windmill, through their
subsidiary company of majority ownership of HKS (Wuhu) Environmental
Energy Development Ltd. (HKS (Wuhu)), incorporated and registered in Wuhu
City of the Anhui Province in China, will acquire 100% control ownership
of Jilin City Daxin Water Pumping Windmill Co., Ltd. and all of its
assets by share exchange representing a fair market value of 1.0 million
us., which include 60 acres of prime commercial and industrial lands.
This will have a very positive impact on marketing and market presence.

    HKS (Wuhu) has a registered capital of 7.5 million us. and is focused on
the production, research and development of a wide range of
environmentally friendly products. Such products will satisfy the needs
of a wide spectrum of customers: from corporate and institutional clients
to governments, developing countries and the private sector.

    Mr. Xin Wei of Jilin City Daxin Water Pumping Windmill Co., Ltd. will
become an equity shareholder of HKS (Wuhu) and shall be appointed to the
board of directors and will be responsible for and oversee all of the HKS
(Wuhu) Green Village Environmentally Friendly Manufacturing Facilities in
Jilin City in the province of Jilin and Wuhu City in the Anhui province.
Dakshidin welcomes Mr. Xin Wei to our management team and acknowledges
his many successful years of experience in the manufacturing sector and
government relations in China.

    HKS (Wuhu) will complete the final agreement and financing arrangements on
or before the end of 2008. Upon completion of the transaction HKS (Wuhu)
will restructure the necessary corporate capital for Jilin City Daxin
Water Pumping Windmill Co., Ltd., for product development and operating
capital of 3.0 million us. The company will then start the construction
development. The first phase of construction will be the new manufacturing
facility in Jilin City and Jilin City Daxin Water Pumping Windmill Co.,
Ltd. will then be moved from its present location to occupy.

    Several highly interested municipal and provincial parties have already
contacted the company with regards to equipping their city with the new
green energy products. It is expected that once the Green Village Showcase
area is put to full function, many more potential domestic and foreign
buyers will be eager to move forward to utilize our products and adopt the
same concept.

    As one of the newest and most important market sectors, the sustainable
energy sector still has a huge market potential to tap into that has not
been developed. While maintaining a true self-sustainable policy within
its facilities, Dakshidin Corporation's subsidiary company HKS (Wuhu)
Environmental Energy Development Ltd.'s directive is to become an
international green products market leader.

    About us: Dakshidin Corporation, through its wholly owned subsidiary,
RESTEC International Inc., are producers of the world's most powerful
pumping windmill. Throughout the world, especially in developing
countries, there is a dire need for water to fulfill basic human
self-sufficiency demands. In most cases, the problem is not the lack of
available water, but the cost and reliability of obtaining it. The RESTEC
water pumping windmill is a renewable, cost-effective and environmentally
friendly solution for the world's water crisis.

    Forward-Looking Statements: The information in this press release includes
certain "forward-looking" statements within the meaning of the Safe Harbor
provisions of Federal Securities Laws. Investors are cautioned that such
statements are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and uncertainties,
including the future financial performance of the Company. Although the
Company believes that the expectations reflected in its forward-looking
statements are reasonable, it can give no assurance that such expectations
or any of its forward-looking statements will prove to be correct. Readers
are cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date of this release, and the Company
undertakes no obligation to update publicly any forward-looking statements
to reflect new information, events, or circumstances after the date of
this release except as required by law.

    

For Investor Relations Contact:
Mr. Brent O'Connor
ir@dakshidin.com
1-888-250-6601

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