Burnham Securities Engaged for Company Expansion
NORTH VERNON, IN -- (Marketwired) -- 04/14/14 -- WindStream Technologies, Inc. (OTCQB: WSTI) and Burnham Securities, Inc. have reached an agreement for representation of the Company for all fundraising efforts. This agreement will allow Burnham to raise capital for the Company's expansion and worldwide sales efforts. WindStream expects to use this capital to expand its manufacturing capabilities in North Vernon, Indiana adding as many as 20 new jobs to its operations to meet current customer demand. The Company manufactures the first of its kind "Hybrid" renewable energy solution called the SolarMill®, which has resonated with customers all over the world. "We are very excited about our new relationship with Burnham Securities," said Dan Bates, President and CEO of WindStream Technologies. "Working with a prestigious firm like Burnham validates all the hard work we have put into the WindStream products and company. The engagement of Burnham as our investment banking advisor will improve our international expansion plans by providing the Company with access to growth capital as we enter the public markets."
WindStream Technologies builds a unique product that is a simple, efficient and cost effective way for consumers, either on or off grid, to save money on their energy bills or provide clean energy in settings where the supply of electricity is not consistent or non-existent. "When we saw the technology that WindStream has developed and the worldwide sales traction that they have already achieved, we knew that this was a management team that we wanted to work with and could also add significant strategic value as their investment bank and partner," said Hugh Dunkerley, Managing Director of Burnham Securities. "Burnham is uniquely positioned to help clients like WindStream secure capital for worldwide growth and our international contacts also bring potential new and exciting sales opportunities to the Company," he added. The Company has recently completed its merger and is now listed and trading under the symbol WSTI in the OTC Markets of the US.
About WindStream Technologies Inc.
Headquartered in North Vernon, Indiana, WindStream Technologies is the leader in low-cost, hybrid, renewable energy solutions for urban, suburban and off-grid environments. Founded in July 2008, American owned and operated, WindStream Technologies has designed, tested, and now manufacturing its patented TurboMill® and SolarMill® distributed energy solutions, proving that homegrown innovation and manufacturing can thrive in today's economy. For more information about WindStream Technologies, Inc., please visit www.windstream-inc.com
About Burnham Securities, Inc.
Burnham Securities Incorporated and Burnham Asset Management Corporation are divisions of Burnham Financial Group, which was formed in 1989 by the late I.W. Burnham, II (founder of Drexel Burnham Lambert) and Jon M. Burnham. Burnham Financial Group offers financial services and expertise to a select group of institutions, companies, and individuals. The firm’s capabilities extend from asset management and brokerage services to investment banking, securities underwriting, and mutual fund administration and distribution. The firm's headquarters are in New York. The firm also has offices in Irvine, CA and Houston, TX. For more information go to www.burnhamfinancial.com
WindStream Technologies, Inc.
Source: WindStream Technologies, Inc.