Mass Megawatts Wind Power has announced that Arthur B. Berry III, President and principal owner of Camelback Mountain Resort, has taken an equity position in Electric City Wind Power Corp., a licensed manufacturer of the Mass Megawatts MAT (Multi-Axis Turbosystem) wind energy generator.
As with any major ski operation, Camelback Mountain Resort has major electricity demands and locations with high wind velocity. For those reasons, Mr. Berry has been exploring a wind power solution for some time. He has been in direct discussions with Mass Megawatts for a number of months regarding MAT technology, and his investment in Electric City Wind Power has been taken as sign by industry watchers that these talks have been ratcheted up to a new level.
An independent ski industry consultant estimated that Camelback could easily require up to 3 Mega watts of wind power equipment.
Mass Megawatts Wind Power, Inc. is a major shareholder in Electric City Wind Power Corp. and receives a 10% licensing fee on all of the Electric City's sales volume.
At a recent Electric City Wind Power Shareholder's Meeting, Mr. Berry spoke to the fact that there were over 20 ski resort operators in Pennsylvania, and that he fully expected to see the industry as a whole to begin to adopt wind power as a solution to ever increasing electricity prices.
CBH20, a firm headed by Mr. Berry, purchased Camelback in June of 2005 for $48,000,000, and since the acquisition a continuing progression of projects, with a total cost of over $120,000,000, ranging from a mega water park to a 420 room hotel, have been underway at the resort's 375-acre site.
With multi-generational roots in the Poconos, Mr. Berry has been one of the major forces for the region's continued revitalization, serving as an economic leader and booster for the area's commercial and industrial development. Many of the business and political leaders of Northeast Pennsylvania consider Art Berry's drive and presence to have been pivotal in the revival of the area's reputation as a prime destination.
Attorney Christopher T. Powell, Electric City Wind Power's counsel and a senior partner in Powell Law of Scranton, Pennsylvania, commented that "A lot of very influential people regard the continuing intelligence and energy put out by Art Berry as to have been the tipping point in bringing the Poconos back to being one of the Northeast United States' favorite vacation spots, and a great place to do business. You have to hand it to him."
John Moran, a senior sales executive and shareholder with Electric City Wind Power, related the following when asked to comment upon Mr. Berry's investment in the Company. "Arthur Berry is probably the most genuine person I've ever known. We're truly excited to have him join the Company, and are happy to have someone with such deep knowledge and experience in the ski resort industry to serve as a valued advisor as we begin to bring the MAT technology to that huge market space."
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