News & Events - Kuwait Cool & Solar

Poway, CA – January 26, 2011 – Helix Wind, Corp. (OTCBB: HLXW), a renewable energy company, announced today that it was recently awarded a Notice of Allowance relating to a United States patent application that was filed in 2007. The application broadly covers segmented, helical rotors used in wind-driven turbines and will prevent competitors from making, using, or selling wind turbines similar to the company's S322 and S594 products.

The Company also has related patent applications pending in Europe, China, India, Australia, as well as in other countries, and are awaiting examination.

”We are pleased that the United States Patent and Trademark Office has awarded us a patent on what we believe is our cutting-edge rotor design,” said Kevin Claudio, Chief Financial Officer. “This patent is intended to protect our valuable intellectual property by preventing others from offering wind turbines similar to our designs. Helix Wind turbines are known for their aesthetic appeal and our intellectual property is a core attribute of the Helix brand and portfolio of small wind turbine solutions.”

About Helix: Helix Wind, Corp., a renewable energy company is engaged in the design, manufacturing and sales of small wind vertical axis turbines designed to generate 300W, 1kW, 2.0kW, and 4.5kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.

Forward Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results, intellectual property filings, and plans for future business development activities, and are thus prospective. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, our ability to execute successful completion of our international patent filings and the issuance of any patents resulting from our international filings, the expected timing of the issuance of any international patents, our ability to enforce the patent which has been issued or the patents which may be issued, the intensity of competition and general economic factors. The actual results Helix Wind may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Helix Wind encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.

Helix Wind Closes Round of Financing Potential raise of up to $400,000 for the Company

Poway, CA – January 25 2011 – Helix Wind Corp. (OTCBB: HLXW), a renewable energy company, announced today the close of a financing with St. George Investments, LLC, an Illinois limited liability company, in an amount up to $400,000 of funding to the Company.
The terms of the financing transaction consists of the Company issuing a six month convertible secured promissory note (the “First Note”) in the aggregate principal amount of $72,500. After the original issue discount and transaction fees, the amount provided under the First Note is $50,000. The financing is structured for the Company to receive the funding in eight tranches, with the first tranche totaling $50,000 which was delivered to the Company on January 20, 2011. The terms of the financing provided that so long as no default has occurred and the Company has satisfied certain other conditions, St. George will loan the Company an additional $50,000 on or about each two week anniversary of the issuance of the First Note during the four consecutive calendar months following the closing, for a total net amount of $350,000 in additional financing.

The convertible notes are also subject to certain other events of default and liquidity events which could accelerate the Company’s repayment obligations, and/or permit St. George to exercise its rights entered into in connection with the financing. Additional information regarding the financing, and copies of the financing documents, can be found in the Company’s Form 8-K filed with the U.S. Securities and Exchange Commission on January 25, 2011.

About Helix: Helix Wind, Corp., a renewable energy company is engaged in the design, manufacturing and sales of small wind vertical axis turbines designed to generate 300W, 1kW, 2.0kW, and 4.5kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.

Forward Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition and general economic factors. The actual results Helix Wind may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Helix Wind encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.