August 25, 2008

At the request of McKenzie Bay International Ltd, MTI is respecting this request by removing the previously posted reports of progress regarding settlement agreements signed on August 21, 2008.



 

MTI vs. MKBY / WindStor -- MTI Files Complaint 12-28-2007

Please review the verified complaint filed by MTI on Dec. 28, 2007 at the link below this statement. This action was necessary to state the facts, to move toward the completion of Ishpeming, to protect MKBY shareholders and their investments. The following points will give the readers of this announcement greater details.

1. MKBY/Windstor management has refused to communicate in any way (meeting in person-requested by MTI several times, phone, email, fax) since October of 2007 with MTI.
    
2. MTI has expended substantial amounts of time and resources to complete the Ishpeming project. However, at every step in this process, MKBY/Windstor has interfered in this completion.
    
3. MKBY stock issuance to MTI was to be used at MTI’s discretion to reduce outstanding debt and to negotiate vendor contracts. MKBY owed suppliers and contractors for work completed, in progress, or to be completed in order to finish the Ishpeming project.
    
4. MKBY not only tried to break the contract with MTI and recall the entire stock issuance, but they also would not allow their engineers to continue working with MTI to complete the Ishpeming project.
    
5. Despite all that has transpired, MTI would like to complete the Ishpeming project. They have invested heavily into the project, have arranged completion agreements with suppliers and contractors, and have enhanced the project with other renewable energy elements (solar with Uni-Solar and energy storage with Cobasys) that MKBY had nothing to do with. Even though MTI was only the sales agent for MKBY, they have taken on responsibility of completing the project with the full cooperation of the existing Board of Directors (which is the existing management of Mckenzie Bay). The people of Ishpeming, the city and, especially, the housing commission, have waited patiently for this project to be completed and MTI wants to honor their loyalty and commitment by finishing what was started (and should have been completed) two years ago.

View MTI's complaint filed 12-28-07
(4.15 MB allow time to load)

• VAWT Agreement between McKenzie Bay/WindStor and MTI Energy Management - 12/06/07
  (Brighton, MI) - Over the past several months, MTI Energy Management / Lighting Specialists, Inc. www.mti-energy.com has been working under a Letter of Agency with McKenzie Bay International, Ltd./WindStor to complete payment to vendors for the products and services needed to complete the installation of a vertical axis wind turbine (VAWT) in Ishpeming, Michigan. Agreements have been reached with vendors involved in the project.
   
• Progress Report for Evelyn Valente-Heikkila, Ishpeming Housing Commission - 10/18/07
  "Since July 11th, when MTI received authorization from McKenzie Bay International (MKBY) to negotiate on MKBY’s behalf with the vendors involved with your wind turbine installation, MTI has secured agreements and issued payments to 2/3 of the vendors, and is on track to complete the Ishpeming installation."
   
• MTI Authorization Letter From McKenzie Bay - 7-12-07
  Letter from McKenzie Bay International (MKBY) granting MTI authorization to negotiate on MKBY's behalf.
   
• Ishpeming Installation Pictures
  Pictures of the Ishpeming WindStor installation