For moreinformation visit http:// This release was issued through eReleasesTM
For moreinformation, visit http:// This release was issued through eReleases(TM).For more information, visit http:// SOURCEFI Compliance Solutions, Inc.Kevin Miller for FI Compliance Solutions, Inc., +1-610-256-1525,. FICS solutionsare designed to help financial institutions implement simple and sustainablerisk management programs that satisfy Safety and Soundness Standards.Headquartered in the Philadelphia area, FI Compliance Solutions serves banksand credit unions throughout the United States and Canada. provides highly focused corporate governance andcompliance solutions specifically for financial institutions. More information about FI Compliance and its flagship product, GRC Pro, can befound at http:// FI Compliance Solutions, Inc FI Compliance Solutions, Inc. He is a graduate ofseveral special focus banking schools, including the School for BankAdministration and the School for International Banking. "I look forward to helping FICompliance's customers meet their regulatory needs and strengthen theircompanies."Buffone was also a principal of a New England-based Risk Management consultingfirm that served the needs of banks and credit unions. Buffone also held positionsthat included senior manager of corporate internal audit in a regionalmulti-bank holding company, vice president and manager of loan and depositoperations for a large regional bank, and executive vice president, SeniorOperations officer and CIO for two community banking institutions."In today's political and economic environment it is as important as ever forfinancial institutions to focus on risk management and compliance with safetyand soundness standards," said Buffone.
"He understands what banks and credit unions need from acompliance perspective and how to best deliver it to them."Previously Buffone was responsible for providing risk management solutions tocommunity banks and credit unions through a major information technologyprovider serving the financial institution sector. FI Compliance providessoftware which enables banks and credit unions to focus on corporategovernance and regulatory compliance."Peter's experience with financial institutions should prove tremendous valueto our customers and company alike," said Eric Strohl, President and CEO of FICompliance Solutions. Buffone brings nearly four decades of compliance and risk managementexperience with financial institutions to the company. KING OF PRUSSIA, Pa., July 14 /PRNewswire/ -- FI Compliance Solutionsannounced the addition of Peter M Buffone as the Vice President of Sales andChannels.
Interested persons are encouraged to read the SEC reportsof NACEL Energy, particularly its Annual Report on Form 10-K for thefiscal year ended March 31st, 2009, for meaningful cautionary languagedisclosing why actual results may vary materially from those anticipatedby management.Contact:NACEL Energy Shareholder Services1-888-242-5848Copyright 2009, Market Wire, All rights reserved.-0-. This press release cautionsthat NACEL Energy must undertake and complete many steps in thedevelopment model before the generation of wind energy can commence.Among the numerous items which have to be completed in this regardinclude, without limitation, obtaining pertinent agreements and permits,construction of project facilities, satisfying financial requirements andother burdens. Forward-looking information is subject to risks and uncertainties,and actual results could differ materially from those currentlyanticipated due to a number of factors, which include, but are notlimited to, risk factors inherent in NACEL Energy's business.Forward-looking statements may be identified by words such as "should,""may," "will," "anticipate," "expect," "estimate," "intend" or"continue," or comparable words or phrases. NACEL Energy was founded in2006 and successfully completed its IPO in December of 2007.For more information visit our website EnergyThe WIND POWER COMPANY(TM)Notice regarding Forward-Looking StatementsStatements in this press release relating to NACEL Energy's plans,strategies, economic performance and trends, projections of results ofspecific activities, and other statements that are not descriptions orhistorical facts may be forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995, Section 27A of theSecurities Act of 1933 and Section 21E of the Securities Exchange Act of1934. In addition, the Company continues itswork assessing the feasibility of wind project opportunities in Arizona,Kansas, Illinois and the Dominican Republic. TheCompany has commenced work at its Leila Lakes, Hedley Pointe, Swisher,Channing Flats and Blue Creek projects, all located in the TexasPanhandle, and currently anticipates generating 100 MW, or more, of newwind power upon their completion.
Accordingly, the Company cautions that commissioning(operations) at Swisher is not expected until July 2010, or laterdepending on future events.NACEL Energy Chief Executive Officer, Brian Lavery, stated:"With our submission of an Interconnection Plan coupled with delivery ofengineering drawings and other requisite documentation to SECI, asconfirmed today, we are able to confirm that the pace of development atSwisher is proceeding satisfactorily and as contemplated by the Company."About NACEL Energy Corporation (OTCBB: NCEN)NACEL Energy is one of the first publicly traded companies in Americaexclusively developing clean, renewable, utility scale wind energy. In the interim,important additional development milestones are underway including,without limitation, obtaining turbine debt financing and a power purchaseagreement. TheCompany's work in this regard is currently focused in Texas, Arizona,Kansas and Illinois.NACEL Energy anticipates a period of several months, or longer, before afinal interconnection agreement can be executed with SECI. According to the Texas State Energy ConservationOffice (SECO), the Texas Panhandle exhibits the State's "greatest expanseof high quality winds." Last quarter, the Company commissioned an interimanalysis of site wind data collected at Swisher and results metexpectations.NACEL Energy identifies interconnection points in the nation's electricgrid, and then leases nearby acreage where 6 to 18 utility class windturbines can be constructed without incurring the often significanttransmission and related electric infrastructure upgrade costs and delayswhich can adversely impact other company's wind power projects. NACEL Energy's complete submission to SECI includedrequisite engineering drawings, wind turbine selection and proposed dateof commissioning (operations).As NACEL Energy previously confirmed on January 21st, 2009, an NRG Systemsmeteorological tower was erected at Swisher, which comprises 1573 acres inDonley County, Texas. (SECI) concerningthe interconnection of the Company's 20 MW Swisher wind power project, tothe electric grid.SECI serves an area of 1,871 square miles in six counties in the TexasPanhandle and is part of Touchstone Energy's group of electriccooperatives.
DENVER, CO, Jul 14 (MARKET WIRE) -- NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) ("NACEL Energy"),a wind power company in business to generate clean, renewable energy,today confirmed it has submitted an "Application for Operation of CustomerOwned Generation" to Swisher Electric Cooperative, Inc. "These have been a problem that a lot of folks, myself included, have been worried about for years."(Reporting by Rachelle Younglai and Steve Eder; additional reporting by Jonathan Spicer; editing by Andre Grenon). As the contracts become more of a commodity and there is less specialization, profit margins go down, a derivatives industry source said.Companies prefer to do business with the biggest dealers such as Goldman and JP Morgan because of their investment grade status."Companies want to feel like their dealer will be able to perform (assume risk if one party defaults)," said the source. "The banks are very well organized and are very insistent that as much as possible remain the way it is."DEALERS, BANKS ON DEFENSEThe pressing concern for the biggest dealers is loss of business and lower profits if more contracts are standardized and required to be cleared by a central counterparty.The administration wants the standardized contracts to be cleared through central counterparties and executed on exchanges or regulated electronic trading venues.In a more customized business, dealers can make more on each trade.