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Thursday, February 12, 2009

Clearview Acquisitions Closes Merger with Helix Wind, Inc.

Clearview Acquisitions Closes Merger with Helix Wind, Inc.

NEW YORK-Clearview Acquisitions, Inc. (OTCBB:CVAC) announced today that it has completed its previously-disclosed acquisition of Helix Wind Inc. As previously reported in the January 29, 2009 press release, Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity.

Clearview acquired 100% of Helix Wind in consideration of approximately 20.5 million shares of common stock. As a condition to the closing, Clearview had issued $650,000 of 9% Convertible Notes and warrants. The convertible notes issued by Helix Wind in the aggregate principal amount of $1.9 million were exchanged for the 9% Convertible Notes issued by Helix Wind. Clearview will change its public name to Helix Wind, Incorporated as soon as possible. The company is currently quoted in the United States over the counter under the symbol CVAC and on the Frankfurt Stock exchange under the symbol VUU1 (WKN A0RCNZ).

Helix Wind’s products help provide energy independence. As a resource that never runs out, wind is an abundant, renewable, emissions-free energy source that can be utilized on both large and small scales. At the soul of Helix Wind lies the belief that energy self-sufficiency is a responsible and proactive goal that addresses the ever-increasing consequences of legacy energy supply systems.

“We’re excited to close the transaction with Clearview Acquisitions,” noted Helix Wind Chairman & President Scott Weinbrandt. “This is the first phase in our comprehensive business plan, which includes an initial capital round. From here we are looking forward to executing phase two of our plan including but not limited to a capital raise of up to $3.5 million. These funds will allow our shareholders to realize Helix Wind’s full value by enhancing our product portfolio, manufacturing process and channel partners.”

About Clearview: Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.

About Helix Wind: Helix Wind Inc. is a global renewable energy company with a focus on small wind turbines designed for residential, suburban and urban use. Additional information can be found at http://www.helixwind.com.

Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition and general economic factors. The actual results Clearview may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Clearview encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.
Contacts
Helix WindScott WeinbrandtChairman and PresidentToll Free: 877-2GOHELIX (246-4354)Int: +01-1-619-501-3932Fax: 619-330-2628IR@helixwind.comorClearview Acquisitions646-673-8427info@clearviewacq.com





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1 comment:

The Merger Man said...

Great merger & acquisition post! I will read your posts frequently. I’ll Add you to the RSS reader

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