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Status of Existing Projects US RT-28,13%, In July of 2008, Dan Leach resigned as president, CEO and director. Mr. Leach has requested that the Company's wind energy projects be returned to him, in exchange for the return to the Company of his 1,250,000 shares of Nacel Energy stock. The Company is in the process of evaluating whether to keep the projects, or return some or all of them to Mr. Leach. If the Company were to return all the projects to Mr. Leach, the Company would have no wind energy projects unless additional projects are acquired in the future. As we expand, we may need to make sizeable cash commitments to develop our wind power generation facilities, and the impact of this potential trend on our business is uncertain. We believe that our mix of capital resources will shift from short-term debt to equity-based financing, which will cause dilution of current shareholders. Because the Company has generated no operating revenues to date, the predominant component of our l [mehr]

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Nacel Energy Corp Finger weg ;-((((((((((((((((((