First National Power Signs 3rd Acquisition, "â¦Wind is the World's Fastest-Growing Energy Sourceâ¦as Global Wind Power Generating Capacity quadruples over the past five years"

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

First National Power Signs 3rd Acquisition, "â¦Wind is the World's Fastest-Growing Energy Sourceâ¦as Global Wind Power Generating Capacity quadruples over the past five years"

SUBSCRIBE/UNSUBSCRIBE |

Corporate Responsibility

Science & Technology

Syndication Partners

**************************************************************************

E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE

**************************************************************************

First National Power Signs 3rd Acquisition, "â¦Wind is the World's Fastest-Growing Energy Sourceâ¦as Global Wind Power Generating Capacity quadruples over the past five years"

First National Power Corp Signs Letter of Intent with Ecowind Energy Concepts to Acquire Exclusive Global License and Patent Rights for the Verastegui Wind Turbine.

FOX ISLAND, WASHINGTON, Mar. 2 -/E-Wire/-- First National Power Corp (symbol FNPR OTC/BB) is continuing to expand its foothold in the fast growing Wind Energy Market through acquisition and continued development of proprietary technology. First National Power has reached an agreement with inventor Raul Verastegui http://www.ecowindenergy.com/ to acquire the exclusive Global License and Patent rights (US Patent number is 5,518,367 and the European Patent number is 0679805) for the Verastegui Wind Turbine.

The Market - Wind Energy Industry Continued to Grow at Fast Pace as Global Installations Worldwide Increased by 28%

Cumulative global wind energy generating capacity has topped 31,000 megawatts (MW). Some 6,868 MW of new capacity were installed worldwide during the year, an increase of 28%, according to preliminary estimates by the American Wind Energy Association and the European Wind Energy Association. Wind plants now power the equivalent of 7.5 million average American homes (16 million average European homes) worldwide. Global wind power generating capacity has quadrupled over the past five years, growing from 7,600 MW at the end of 1997 to an estimated 31,128 MW at the end of 2002 -- an increase of over 23,000 MW. Wind is the world's fastest-growing energy source on a percentage basis, with installed generating capacity increasing by an average 32% annually for the last five years (1998-2002). The slightly slower rate of 28% in 2002 was primarily due to a lull in the U.S. market.

About Raul E. Verastegui : Ecowind Energy Concepts

Mr. Raul E. Verastegui was trained in Peru, his native country, as a Mechanical Engineer and worked there in mechanical design. Raul attended Flight Engineering training in Germany developing a unique and applicable background of alternate turbine design. Mr. Verastegui worked with the Peruvian National Airline, moving later to Lufthansa Arlines based in Germany, where he accumulated more than 13,000 flight hours. He focused his professional expertise and an inventor's curiosity into the design of wind rotors. Combining a natural coincidence of intuition, professional experience with the wind and mechanical design, and the desire to make the wind energy affordable to the vast agrarian population of the world, the Verastegui Turbine was developed, and patented.

About First National Power

First National Power Corporation is a fully reporting Public Corporation listed on the NASDAQ Over-the-Counter Bulletin Board (OTC/BB) under the trading symbol FNPR (formerly CSNI). The FNPR Green Energy Power Generation business model is designed to develop and implement cutting edge technology not formerly utilized in the electrical power generation industry and current technology configurations in new and exciting commercial applications, as exampled by the GREEN OASIS project under current development. http://www.firstnationalpower.com

First National Power Corp. CONTACT: Kevin M. Murphy Corp., +1-[REDACTED-PHONE], or [REDACTED-EMAIL] Or [REDACTED-EMAIL] Web site: For First National Power http://www.FIRSTNATIONALPOWER.com Source: Wannigan Capital Corp http://www.wannigancapital.com/

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results

Wannigan Capital Corp

TELEPHONE: (253) 549-4336

FACSIMILE: (253) 549-4FAX

FACSIMILE: (253) 549-4329

E-Mail: [REDACTED-EMAIL]

**************************************************************************

To Transmit Your News Over E-Wire, visit http://www.ewire.com or

call 1-[REDACTED-PHONE]. E-Wire Is Broadcast To Millions Of Readers Worldwide

**************************************************************************

First National Power Signs 3rd Acquisition, "â¦Wind is the World's Fastest-Growing Energy Sourceâ¦as Global Wind Power Generating Capacity quadruples over the past five years"

First National Power Signs 3rd Acquisition, "â¦Wind is the World's Fastest-Growing Energy Sourceâ¦as Global Wind Power Generating Capacity quadruples over the past five years"