2009-11-30 15:48:58 -
Xodtec Group USA, Inc. (OTCBB: XODG : 
) (the “Company”), a market leader in LED lighting, announced today that it has signed an energy service contract with West Lake Resortopia to act as its energy service company (“ESCO”) and provide a broad range of comprehensive energy solutions including illumination and artistic lighting for environmental and architectural decoration. West Lake Resortopia is a resort which incorporates the mountains and natural scenery surrounding it in Miaoli County, Taiwan. By introducing integrated energy solutions, Resortopia hopes to promote its corporate image by reducing its electricity expense and carbon emissions to provide a cleaner environment.
Resortopia will purchase a large number of indoor, outdoor, color-changing artistic light lamps and fixtures from Xodtec, which
will also retrofit Resortopia’s illumination and decorative lighting systems.
The project is divided into three phases; the ongoing first phase is about providing an integrated energy-efficient hot water system, expected to generate revenue in excess of $1,500,000US; the second and third phases are about providing LED illumination and ambience artistic lighting, currently under planning and expected to be executed at the end of year 2009. The estimated gross revenue of this project is approximately in excess of $4,687,000US.
“West Lake Resortopia is a comprehensive project, we will not merely provide LED lighting products, but also engineer integrated energy solutions,” stated Curtis Su, Chairman of Xodtec Group USA, Inc. “This is a challenging project for us, combining optimal energy-efficient lighting solutions and outstanding artistic lighting effects which we hope will demonstrate our versatility in the lighting industry.”
About Xodtec Group USA, Inc.: Xodtec, a Nevada corporation, is an Energy-Saving Lighting Solutions Provider based in Taiwan. Xodtec provides high performance and cost-effective energy-saving LED solutions and traditional lighting products for private companies, public facilities, residential communities, factories and households, providing optimal energy-saving solutions that meet today’s energy management requirements. Please visit our website
www.xodtec.com.tw/xodtec_en/ :
for detailed company information.
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Xodtec Group USA, Inc., are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
Hanover Financial ServicesRonald J. Blekicki, 303-494-3617
Info@hanoverfinancialservices.com : mailto:Info@hanoverfinancialservices.com
