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By: AllPennyStocks.com
Early in 2010 came more proof that there is wealth to be acquired, and good work
to be done, behind what used to be called the “Bamboo Curtain”. The vast, mostly
untapped country known as Communist China still offers great opportunities for
intrepid firms with an eye toward innovation and productivity. One such firm is
Phoenix-based Celestial Delights USA Corp. (OTCBB: CLDS), which on January 6
announced it had signed a letter of intent with Chinese company Han Wind Energy
Corporation to promote and develop wind energy parks in the Huitengliang area of
Inner Mongolia.
With alternatives being sought to hydro-electric power, the news of this
niche-seeking firm making inroads abroad proved truly exciting. The initial
project consists of a development property encompassing 188 square kilometers
with a recorded average annual wind speed in excess of eight meters per second
(or about 28.8 kilometers an hour). The property is 62 kilometers from a large
and growing urban centre which includes a mix of both residential and industrial
consumers.
Plans for the project include a phase-one stage to install up to 48 megawatts
(MW) of wind turbines. Phase-two plans are projected to increase the
installation upwards to 300 MW or higher based on future demand considerations.
Chinese companies have grabbed the lead in expanding infrastructure and
deployment of wind power solutions and as a result, industry participants and
government officials alike are working closely with wind farm proponents to
expedite installations in specific regions throughout the country.
The move toward wind power is a decided shift for CLDS, which began life only
two years ago and whose primary forte has been the marketing and distribution of
a line of gourmet flavored oils, vinegars, mustards, rubs, antipastos, and
sugars for sale to specialty retail stores and gift basket markets through the
Internet. Its marketing reach extends throughout not only America but the
Canadian provinces of Ontario and Quebec as well.
The news of the letter of intent with the Chinese obviously created enough of a
buzz to put some wind underneath the sales of the company’s stock, creating a
new 52-week high for CLDS at $1.39 on the day of the news, surpassing the
previous peak of $1.35 set on November 23, and more than double is 52-week low
of 64 cents, set the week before. Obviously, this new venture is one that will
be watched closely by small-cap stock watchers, interested in seeing if the wind
carries the stock to new heights of prosperity.
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