World Energy Holdings and Research PLC announces com.

DGAP-News: World Energy Holdings & Research PLC


World Energy Holdings & Research PLC / Keyword(s): Miscellaneous

World Energy Holdings and Research PLC announces completion of full
financial audits for each special purpose entity of WEHR subsidiary World
Energy Hydro Limited

23.06.2011 21:50
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World Energy Holdings and Research PLC announces completion of full
financial audits for each special purpose entity of WEHR subsidiary World
Energy Hydro Limited.

Thursday, 23rd June 2011, 8:30 (Guatemala City)

World Energy Holdings and research PLC is pleased to announce recent
completion of full financial audits for each WEHL special purpose entity;
World Energy EL Islan S.A., World Energy Sosi S.A., World Energy Ixtaguacan
S.A., World Energy Semuc S.A., and World Energy Tacana S.A.
The audits
were prepared by the esteemed IFLR1000 rated auditor José Manuel Tobar
Solares. WEHR is currently engaging a UK Firm to execute consolidated
Financials for the five entities, which will allow WEHR the ability to
complete their first Information Memorandum.

' We are pleased with the timely completion of this audit process, as it
provides the needed validity and support required by Finance Institutions.
We view this as a substantial step towards achieving our ultimate goal.'
says WEHR CFO Andy Somoza.
About World Energy Holdings & Research PLC

World Energy Holdings & Research PLC (ISIN GB00B50QMR32, WKN A1C9BX, 0WE)
is a public limited company incorporated in England focusing on the
development of power plants, specifically in Central and Latin America.
World Energy Holdings & Research PLC is admitted to trading on the
Frankfurt Stock Exchange's Entry Standard (Open Market) under symbol '0WE'
(Zero 'W' 'E').

Disclaimer:

This press release is solely for informational purposes and does not
constitute an offer to sell or a solicitation of an offer to buy any
securities of WEHR. No regulatory authority has approved the press release.

This press release contains forward-looking statements. Forward-looking
statements are not statements of historical fact and reflect the current
assessments, views, assumptions and beliefs made by WEHR or its officers
according to the information available as of the date of this press release
about future events, opeRating performance, financial condition, business
strategy, WEHR's plans and objectives for future operations and the
industry in which it operates. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors, which may cause
actual outcomes to differ materially from those suggested in this press
release. WEHR undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information, future
events or developments or otherwise. All subsequent written and oral
forward-looking statements attributable to WEHR and those acting on its
behalf are expressly qualified in their entirety by the foregoing.

Enquiries to:

World Energy Holdings & Research PLC / Andy Somoza, Chief Finance
Officer Tel: +502-2378-6400

End



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