- Published: 16 May 2007 16 May 2007
Mass Megawatts Wind Power Inc has announced that the company will be a revenue producing company for the first time in its corporate history.
Revenue will be recognised in this fiscal quarter. Additionally, the company has other signed sales contracts that have not been completed. Revenue for accounting purposes can only be recognised when the sale of the product is produced and delivered. Mass Megawatts has very little debt and only 3,722,982 shares issued and outstanding. The company has a market capitalisation valued on May 14, 2007 at less than US$2 million. The first commercial product is the Multiaxis Turbosystem also known as MAT.