Penny Stock News: Clean Wind Energy Tower, Inc. Files “Atmospheric Energy Extraction Devices …

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ANNAPOLIS, MD–(Marketwire – May 4, 2011) – Clean Wind Energy Tower, Inc. (OTCBB: CWET) (the “Company”) announced that the Company had filed with the United States Patent Trademark Office “A Petition to Make Special Under the Accelerated Examination Program,” a patent application titled Atmospheric Energy Extraction Devices and Methods. The application covers the addition of specific external design components, physical structure and systems that both substantially enhances structural integrity of the tower and captures wind directly striking the external vertical surfaces of the downdraft tower from any direction, beyond those winds already induced into the internal tube of the tower, and also enhances slow moving air to create downburst winds, substantially increasing total power generation of a single tower unit.

John W. Hanback, Chief Technology Officer, stated, “This patent application is the second of many, as we previously stated, that we would file in order to protect our innovative technological approach to producing clean power from the wind, and also to continue to substantiate the value of our technology. As with our previous application, the claims embodied within this application are also directed toward creating very efficient power generation at low capital costs.”

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://www.marketwire.com/press-release/clean-wind-energy-tower-inc-files-atmospheric-energy-extraction-devices-methods-patent-otcbb-cwet-1509817.htm

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