
FOR IMMEDIATE RELEASE: Tuesday, April 2, 2002
CATAMOUNT ENERGY CORPORATION ANNOUNCES
FORMATION OF JOINT VENTURE WITH FORCE9ENERGY LTD.
RUTLAND, VERMONT - Catamount Energy Corporation (Catamount) of Rutland, Vt., U.S.A., and force9energy Ltd. (force9) of Amersham, England, today announced the formation of a Joint Venture to exclusively develop wind energy projects in England, Scotland, and Wales. Catamount will fund and manage the venture, which consists of an experienced development team headed by David Butterworth, former head of International Development for National Wind Power. Butterworth will lead the origination and development effort with the goal of developing at least 300 megawatts of wind power during the next four years.
"This venture provides force9 with the opportunity to focus on market opportunities in the U.K. with an aggressive, quality company," said David Butterworth, force9's managing director. "We are impressed with Catamount's management team and business strategy and share their vision for growth."
"In Butterworth we are getting a high-quality person with vast wind and development expertise. His proactive attitude and knowledge will not only have an impact on the U.K. market, but will be welcome to Catamount's overall wind development efforts," said David Little, Catamount's Managing Director - International Business Development.
Catamount is the non-regulated, independent power subsidiary of Central Vermont Public Service Corporation (NYSE:CV), which develops, owns, and operates wind energy projects in the United States and western Europe. More information on Catamount is available on the Internet at www.catenergy.com.
Contact:
David Butterworth
+44 (0)1494 582093
DavidButterworth@force9energy.com
David Little
802.772.6721
dlittle@catenergy.com
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in wind and other projects, acceptance of the Companies products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks. By making these forward-looking statements, the Companies undertake no obligation to update these statements for revision or changes after the date of this release.
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