Juhl Wind, Inc. Reports Results for the Twelve-Month Period Ended December 31, 2009 -- Revenue Increases Over 750% to over $11 Million

WOODSTOCK, Minn., April 1 /PRNewswire-FirstCall/ -- Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced its results for the year ended December 31, 2009.  

"We are extremely pleased to report our results for the 2009 fiscal year," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc.  "By adding the full-scale construction of just one of our larger wind farms and a smaller wind system to our base wind farm operations revenue, we enjoyed a significant increase in our top line to over $11 million.  That increase in top line revenue also resulted in a dramatic improvement to our bottom line. We ended 2009 and have begun 2010 with a growing list of 28 projects and over $4,000,000 in cash on our balance sheet to fund our efforts to fully develop those wind farms."

"Given the ongoing difficult economy, we were one of the few independent wind power developers to have built anything in 2009 and that has resulted in a huge improvement to our operating results," added John Mitola, President.  "In the latter half of 2009, we successfully arranged the construction financing for our Grant County Wind farm and the Woodstock Municipal project. Those transactions enabled us to begin and complete a large portion of construction on both of those projects in the fourth quarter.  We are taking similar steps with a handful of our projects we have slated for 2010. As a result, we are confident we have ended 2009 and started 2010 as the preeminent leader in the development of Community Wind Farms and on-site wind systems."

"We are very pleased to show this level of commercial performance on the part of our company," continued Dan Juhl.  "When we went public, we told the market that it would see steps up in our revenue once we began construction of the wind farms we had under development.  Now, our investors can see what happens when we get just a couple of systems underway."

Results for the twelve-month period ended December 31, 2009:

• Total revenue increased by approximately $10,345,000, or 777.2%, from approximately $1,331,000 for the year ended December 31, 2008, to approximately $11,676,000, for the year ended December 31, 2009.  The large increase in revenue is primarily attributable to approximately $7,939,000 of construction contract revenue from two wind farm construction projects during the fourth quarter of 2009. The projects were in progress at December 31, 2009 with completion estimate percentages of 90% and 82%. Both projects are expected to be completed during the first and second quarters of 2010 and remaining revenue recognized.  

• Net loss decreased by approximately $1,070,000, or 89.1%, from approximately $1,201,000 for the year ended December 31, 2008 to approximately $131,000 for the year ended December 31, 2009.  Our net loss is significantly impacted by the fair value accounting over the warrant derivatives and subsequent gain reported in the year ended December 31, 2009.  In addition, the net loss includes one-time costs of approximately $225,000 due to professional services fees associated with our filing of registration statements and other public filings, and one-time, non-cash charges of approximately $228,000 for goodwill impairment.  

• Basic and diluted loss of $0.08 per common share for 2008 as compared to $0.16 loss per common share for 2009.

• As of December 31, 2009, the Company reported it held approximately $4,555,000 in the form of cash accounts and short term investments, which includes approximately $718,000 in balances that are restricted by a debt covenant.

A full analysis of results for the period ended December 31, 2009 is available in the Company's Form 10-K, which is available on the Company's website at www.juhlwind.com or through the Securities and Exchange Commission's Edgar database.  

Teleconference & Web Cast

Juhl Wind, Inc. management will be hosting a teleconference and web cast to discuss these results with the investment community on Tuesday, April 6th, 2010 at 4:30 pm ET.  The details of the presentation are as follows:

Date: Tuesday, April 6th, 2010

Time: 4:30 p.m. Eastern Time

Investor Dial-In (Toll Free): (877) 407-9210

Investor Dial-In (International): (201) 689-8049

Live Web Cast: http://www.investorcalendar.com/IC/CEPage.asp?ID=157214

A replay of the webcast will be available on the Juhl Wind, Inc. web site through June 15, 2010.

About Juhl Wind Inc.

Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada.  Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms.  To date, the Company has completed 14 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction and system operations and maintenance.  With its acquisition of Next Generation Power Systems, Juhl Wind now provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms.  Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL.OB.  Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).  

FORWARD LOOKING STATEMENTS

This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," "approximates," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2010 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Juhl Wind's current 10K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.

SOURCE Juhl Wind, Inc.