Vitasti, Inc. has announced that it has signed a Letter of Intent for the acquisition of all of the assets of Welwind Energy International Corporation (WEI).
WEI’s business model includes the development of wind power in mainland China, specifically in the Guangdong and Lianoning provinces. The company further announced the appointment of Mr Shannon deDelley as a Director of Vitasti, Inc. As previously announced, the company retained Mr deDelley, President of Windcor Power Systems, to act as a consultant for its recent due diligence trip to China. Mr deDelley is currently a director of Welwind Energy International Corporation. The company further announced that the Board of Directors has elected not to proceed with the acquisition of Windblade Power Corp.
