SAN ANTONIO, Texas, May 10, 2011 /PRNewswire/ -- Here Enterprises, Inc. (Pink Sheets: HRTE), a growing developer of clean wind energy, is moving forward with its objective of generating profitable and clean wind energy at its Cycle Ranch project in Floresville, Texas. Having erected high performance wind turbines at Cycle Ranch, Here Enterprises filed the Customer-Owned Distributed Generation Renewable Energy Service Application with the local utility, Floresville Electric Light & Power System (FELPS). Approval of the application will enable Here Enterprises to tie in to the grid for the purpose of power generation and sale.
Here Enterprises has built a wind energy facility on the site of its wholly owned Cycle Ranch Motocross Park, an established commercial motocross speedway. The Company has erected a series of Talon variable pitch turbines. The turbines offer a wide working range and greater production and efficiency than standard tail furling systems. The high efficiency system is designed with UL certified electronics for ready grid-tie approval.
The FELPS Customer-Owned Distributed Generation Renewable Energy Service agreement is a contract between the power company and customers who own and operate on-site generation facilities powered by renewable energy sources. Here Enterprises believes its Cycle Ranch wind project will meet FELPS' renewable energy generation facility criteria and standards.
Mark Ryun, CEO of Here Enterprises, commented: "We are extremely excited with our operations at Cycle Ranch. The 2011 racing season is in full swing and our wind power generation project is coming online. The FELPS agreement will not merely assist Here Enterprises in reducing fossil fuel dependence but will also enable significant cost savings, which we hope to turn into profit as we further develop our sustainable energy strategy."
About Here Enterprises Inc. (HRTE.PK)
Here Enterprises is a developer of wind power, our nation's fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind energy projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HRTE has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect HRTE's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the HRTE's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HRTE undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.
SOURCE Here Enterprises, Inc.