Published: October 19, 2005
McKenzie Bay International Announces New Roles for Officers
McKenzie Bay International, Ltd.
(OTC BB: MKBY) announced today that by agreement between Gary L. Westerholm
and the Board of Directors, Mr. Westerholm will become Chairman of the
Board of Directors and will be freed up from responsibility for day to day
operations of the Company in order to devote full time to the promotion of
McKenzie Bay and the marketing of the WindStor® system. As the founding
President of McKenzie Bay, Mr. Westerholm has been the driving force in
developing the Company to its present position. As Chairman of the Board,
Mr. Westerholm will continue to bring his drive and strategic vision to the
Company.
Gregory N. Bakeman has been promoted and will assume the authority and
responsibility for operations as President of the Company. Mr. Bakeman has
been a director since 2000 and has served as Chief Financial Officer since
February 2001 and Treasurer since December 2001. He will remain as Chief
Financial Officer and Treasurer of the Company.
Since joining the Company, Mr. Bakeman has worked closely with Mr.
Westerholm and has been intimately involved in all aspects of Company
operations. "We have been building a close knit group of individuals with
experience in the energy sector and project management at WindStor Power
Co., our prime subsidiary," stated Mr. Bakeman, "and I am looking forward
to working with what is now a strong operational team to move WindStor®
to full commercialization"
WindStor Power Co. "WPC," a wholly owned subsidiary of McKenzie Bay
International, Ltd., is the owner and operator of WindStor®, a wind
energy system designed to integrate distributed generation wind power,
installed on or near urban buildings, with grid, off-grid and other power
sources. WindStor® features a patent pending vertical-axis WindStor®
Wind Turbine and a "proprietary" system integrator.
For further information about this release, contact Rich Kaiser, Investor
Relations, YES INTERNATIONAL, 800-631-8127.
This information statement contains statements that are forward-looking
statements. In some cases, you can identify forward-looking statements by
terminology such as 'estimates,' 'anticipates,' 'plans,' 'believes,'
'projects,' 'expects,' 'intends,' 'predicts,' 'future,' 'may,' 'potential,'
'contemplates,' 'will,' 'should,' 'could,' 'would' or the negative of such
terms or other comparable terminology. These statements relate to the
Company's future operations and financial performance or other future
events. These statements are only predictions and not guarantees of future
success. Many of the forward-looking statements are based on assumptions
about future events that may prove inaccurate. Actual events, results,
performance or achievements may differ materially from the events, results,
performance or achievements discussed in the forward-looking statements.
McKenzie Bay undertakes no obligation to revise, update or clarify
forward-looking statements to reflect events or conditions after the date
of this information statement.
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